Wires

  • LONDON, Sept 28- Sterling traded back above $1.30 on Wednesday, staying clear of a six-week low hit earlier in the week, after the head of the Bank of England mande upbeat comments about the long-term prospects for the UK economy. Governor Mark Carney told Scotland's Herald newspaper the British economy was performing as the Bank had expected it to when it...

  • FRANKFURT, Sept 28- Europe's biggest software maker SAP has earmarked 2 billion euros for investments in products that help companies to connect everything from washing machines to cars to the Internet. SAP sealed a deal last week to work with German car parts maker Robert Bosch to connect everything from screwdrivers to cars to the Internet, and more deals...

  • BRUSSELS, Sept 28- Anheuser-Busch InBev said on Wednesday that it would retain its existing name after a planned $100- billion- plus takeover of rival SABMiller. AB InBev Chief Executive Carlos Brito, who will head the combined company, outlined the rationale for the deal- including the creation of the first global brewer with new fast-growing African and Latin...

  • NEW YORK, Sept 28- Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration said. This case is included in the around $5 billion RBS has set aside to settle historic misconduct charges, including a long-running...

  • LONDON, Sept 28- The dollar rose against the yen and a basket of currencies on Wednesday, with focus shifting to the Federal Reserve chair Janet Yellen's testimony later in the day. It was up 0.2 percent at 100.60 after setting a one-month low of 100.085 yen on Tuesday. The euro was down 0.2 percent at $1.1190, having come under pressure in the past session on concerns...

  • BARCELONA, Sept 28- Airbus Group Chief Executive Tom Enders plans to expand a shake-up of Europe's largest aerospace group by promoting two executives to oversee engineering and programmes as he forces through more "integration" to prepare for future competition. People familiar with the matter told Reuters the heads of the company's two remaining core...

  • BARCELONA, Sept 28- Airbus Group Chief Executive Tom Enders plans to expand a shake-up of Europe's largest aerospace group by promoting two executives to oversee engineering and programs as he forces through more "integration" to prepare for future competition. People familiar with the matter told Reuters the heads of the company's two remaining core...

  • MANILA, Sept 28- London nickel futures held near a seven-week high on Wednesday after the Philippines said 20 more mines may be suspended for environmental violations, threatening supply from the world's top nickel ore exporter. Manila has already halted 10 mines in an audit over the past two months aimed at punishing irresponsible miners as the government...

  • TOKYO, Sept 28- Japanese government bonds rose on Wednesday, as the Bank of Japan's smooth JGB purchase operations reassured investors. U.S. long-dated Treasury debt yields fell to three-week lows on Tuesday on concerns about ongoing problems at Deutsche Bank, Germany's largest lender, which could again delay the next interest rate hike by the Federal Reserve,...

  • LONDON, Sept 28- The $3 billion health initiative set up by Facebook co-founder Mark Zuckerberg and his wife Priscilla Chan has hired one of AstraZeneca's non-executive directors to head up its science drive. Their plan echoes the big global health ambitions of the Bill& Melinda Gates Foundation, another philanthropic endeavour funded by tech industry money...

  • SHANGHAI, Sept 28- China stocks weakened on Wednesday despite strength in property shares, with thin trading indicating investors' reluctance to participate days ahead of the week-long National Day holiday that starts on Oct. 1. China's blue-chip CSI300 index fell 0.3 percent, to 3,230.89, while the Shanghai Composite Index also lost 0.3 percent, to 2,987.86...

  • SHANGHAI, Sept 28- China stocks weakened on Wednesday despite strength in property shares, with thin trading indicating investors' reluctance to participate days ahead of the week-long National Day holiday that starts on Oct. 1. China's blue-chip CSI300 index fell 0.3 percent, to 3,230.89, while the Shanghai Composite Index also lost 0.3 percent, to 2,987.86...

  • LONDON, Sept 28- British engineer Rolls-Royce appointed veteran M&A banker Ben Story to oversee its strategy and marketing, and Neil Crockett to develop its digital affairs, completing its new-look senior line up on Wednesday. The appointments are the latest from Chief Executive Warren East who has embarked on a drive to turn around the group, making it more...

  • WASHINGTON— While Donald Trump won't publicly release his income tax returns, the New York businessman has turned them over when it suited his needs— if he stood to make a profit, needed a loan or when a judge forced him. Nevada, Michigan, Missouri, Indiana and other state gaming officials also had access to multiple years of his returns. Missouri officials are...

  • WASHINGTON— While Donald Trump won't publicly release his income tax returns, the New York businessman has turned them over when it suited his needs— if he stood to make a profit, needed a loan or when a judge forced him. Pennsylvania gaming regulators were given at least five years' worth and eight boxes full of Trump's tax documents. Nevada, Michigan, Missouri,...

  • WASHINGTON— Federal Reserve Chair Janet Yellen, who has been in the hot seat over the central bank's interest-rate policy, now has another headache: Wells Fargo. Earlier this month, U.S. and California regulators fined Wells Fargo $185 million. In testimony last week before the Senate Banking Committee, Wells Fargo CEO John Stumpf apologized for the misconduct...

  • LONDON, Sept 28- Holiday company TUI Group lifted its 2015/ 16 core profit guidance on Wednesday, helped by strong demand from British tourists and a lower exposure than its biggest rival to Turkey which has been hit by security fears. The company said that demand for trips to Turkey was lower than last year, reflecting customer worries about security there after...

  • LONDON, Sept 28- Sainsbury's, Britain's second biggest supermarket, on Wednesday reported another drop in quarterly underlying sales and cautioned that it did not expect a change to competitive market conditions any time soon. The firm, which earlier this month completed its 1.4 billion pounds takeover of Argos-owner Home Retail, said sales at stores open...

  • LONDON, Sept 28- TUI Group, Europe's largest tour operator, said it expected 2015/ 16 core profit to rise by between 12 and 13 percent, upgrading an earlier forecast for growth of at least 10 percent, after strong demand from British holidaymakers. TUI said on Wednesday that it would deliver underlying profit growth of between 12 and 13 percent at constant currency...

  • TOKYO, Sept 28- Japan's Nikkei share average fell on Wednesday, pressured by the yen's recent strength as well as ex-dividend share price adjustments. The Nikkei dropped 1.3 percent, or 218.53 points, to end at 16,465.40. Traders said financial sector sentiment was also hit by concerns over Deutsche Bank, with investors worried about the impact of a $14 billion...