Finance news

• Axis will not follow Exor in sweetening PartnerRe bid: source

  17-05-2015 23:47
  (Reuters) - Axis Capital Holdings Ltdis not considering improving on its offer for Bermuda-based reinsurer PartnerRe Ltdfollowing rival bidder Exor SpA'sraised $6.8 billion bid, a person...
  
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• Chinese wind earnings under pressure with fifth of farms idle

  17-05-2015 23:00 via news.yahoo.com
  
  By Sue-Lin Wong and Charlie Zhu SHANGHAI/HONG KONG, May 18 (Reuters) - China's wind farm firms are feeling the heat as state grid operators deliberately delay hooking them up and cut back on purchases, wasting about a fifth of the total wind power output or enough electricity to run Beijing for 40 days. China is now the world's top wind power producer thanks to policies designed to boost renewable energy use, with an installed capacity of over 100 gigawatts - more than a quarter of the world's t
  
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• Free from creditors' control, Portugal still struggles with austerity

  17-05-2015 21:42 via news.yahoo.com
  
  One year after gaining freedom from the control of its international creditors, Portugal has succeeded in dramatically improving its economy, though most people are still struggling under the stringent austerity measures. In 2011, Portugal received a 78 billion euro (89 billion dollar) loan to save its failing economy, joining one of the EU's other struggling economies, Ireland, in being bailed out. In a sense, Portugal made the painful decisions that people in Greece, another eurozone coun
  
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• Waste Giant Biffa Caps Revival With IPO Plan

  17-05-2015 21:30 via news.yahoo.com
  
  One of Britain's biggest waste management firms is drawing up plans for a stock market flotation less than three years after financial problems prompted a takeover by its lenders. Sky News has learnt that the owners of Biffa have appointed Rothschild to begin preparations for a listing that would take place during the course of next year. The move comes as Biffa, which employs more than 6,000 people, seeks to take advantage of growing demand for recycling services across the UK. Biffa recor
  
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• Egypt unemployment falls to 12.8 pct in Q1 -statistics agency

  17-05-2015 15:45 via news.yahoo.com
  
  Egypt's unemployment rate fell to 12.8 percent in the first three months of 2015, compared to 13.4 percent in the same period a year ago, the government statistics agency said on Sunday, citing an improved economic outlook. President Abdel Fatah al-Sisi has pledged to reduce joblessness to 10 percent over the next five years. The former army chief has brought a degree of stability to the Arab world's most populous country since he toppled Islamist President Mohamed Mursi in 2013 after mass prote
  
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• British online gaming company 888 to bid for Bwin: Sunday Times

  17-05-2015 14:57
  LONDON (Reuters) - British online gaming company 888 Holdingsis to make a takeover approach for rival Bwin.Party , the Sunday Times reported, raising the prospect of a takeover battle between 888...
  
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• Global outlook brighter, but not enough yet for higher rates

  17-05-2015 12:30 via news.yahoo.com
  
  By Ross Finley LONDON (Reuters) - Prospects for a step-change in global economic growth are better than they have been in many years, but much depends on solid evidence that an awful first quarter for the United States is far in the rear-view mirror. With Wall Street's benchmark stock index near a record high and bond yields on the rise, the coming week is packed with important global data releases and policy minutes from three major central banks, including the U.S. Federal Reserve. Severa
  
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• Global economy weekahead: Outlook brighter, but not enough yet for higher rates

  17-05-2015 12:23 via news.yahoo.com
  
  By Ross Finley LONDON (Reuters) - Prospects for a step-change in global economic growth are better than they have been in many years, but much depends on solid evidence that an awful first quarter for the United States is far in the rear-view mirror. With Wall Street's benchmark stock index near a record high and bond yields on the rise, the coming week is packed with important global data releases and policy minutes from three major central banks, including the U.S. Federal Reserve. Severa
  
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• Outlook brighter, but not enough yet for higher rates

  17-05-2015 12:08 via news.yahoo.com
  
  By Ross Finley LONDON (Reuters) - Prospects for a step-change in global economic growth are better than they have been in many years, but much depends on solid evidence that an awful first quarter for the United States is far in the rear-view mirror. With Wall Street's benchmark stock index near a record high and bond yields on the rise, the coming week is packed with important global data releases and policy minutes from three major central banks, including the U.S. Federal Reserve. Severa
  
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• Israel's Frutarom to buy 95 percent of Canada's BSA

  17-05-2015 10:19
  JERUSALEM (Reuters) - Israeli flavorings and specialty ingredients company Frutarom said on Sunday it signed a deal to buy 95 percent of Investissements BSA for 42.75 million Canadian dollars ($35.6...
  
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• Thousands march against prolonged Ghana blackouts

  17-05-2015 09:44 via news.yahoo.com
  
  Thousands of Ghanaians marched peacefully through parts of the capital Accra to protest the government's failure to solve a three-year long electric power crisis that has sapped businesses and hindered economic growth. Economic growth in Ghana, once a favourite of investors in Africa, has been slowed by fiscal crisis that forced the government to seek International Monetary Fund support and undermined its reputation abroad for financial management. The government has blamed the problem on unmatc
  
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• MIDEAST STOCKS-Background mixed for Gulf; S&P upgrade may support Egypt

  17-05-2015 07:49 via news.yahoo.com
  
  Mixed messages from the oil market and concern that full-scale fighting in Yemen may soon resume could leave Gulf bourses trading sideways on Sunday, while Egypt may stabilise after Standard and Poor's revised its debt outlook to positive. In Yemen, a five-day humanitarian truce agreed last week is to end in the early hours of Monday, and no new agreements have so far been announced to extend it. The Yemen conflict is not a big factor for the markets but investors in the Middle East and especial
  
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• Toyota City: symbol of Japan's auto rise

  17-05-2015 06:23 via news.yahoo.com
  
  While the Corolla and Prius hybrid maker now has plants in every corner of the globe, Toyota City still has a total of 10 factories building cars and parts in the city proper and surrounding area. There are about 70,000 local people working for Toyota in the area, many whose parents or grandparents also relied on the giant company for a pay cheque, with about 40 percent of local employees working in the auto sector. So it seemed appropriate that, in 1959, the town changed its name to Toyota-Shi,
  
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• As recalls mount, Takata, Japan automakers stuck in uneasy reliance

  17-05-2015 06:00
  TOKYO, May 17 (Reuters) - Air bag manufacturer Takata Corp and Japanese carmakers including Honda Motor Co are locked in the commercial equivalent of a bad marriage; not entirely happy in each...
  
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• Mozart-loving chickens may answer quest for healthier nugget

  17-05-2015 03:00
  YONG PENG, Malaysia, May 17 (Reuters) - In barns filled with classical music and lighting that changes to match the hues outside, rows of chickens are fed a diet rich in probiotics, a regimen...
  
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