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    Updated: 52 min 4 sec ago

    Mexico's Slim welcomes planned telecoms reform

    Sun, 03/17/2013 - 18:19
    MEXICO CITY (Reuters) - Mexican telecoms tycoon Carlos Slim, whose wealth has taken a knock since the government on Monday unveiled a reform bill to overhaul the industry he dominates, said on Sunday he welcomed the plan as a boon for competition.

    Cyprus works on last-minute deal to soften bank levy

    Sun, 03/17/2013 - 18:06
    NICOSIA (Reuters) - Cyprus was working on a last-minute proposal to soften the impact on smaller savers of a bank deposit levy after a parliamentary vote on the measure central to a bailout was postponed until Monday, a government source said.

    Dow Jones investigates bribery allegations against WSJ China

    Sun, 03/17/2013 - 18:04
    (Reuters) - Dow Jones & Co said it found no sign of impropriety at its China operations, after the Wall Street Journal reported that a whistleblower had accused Journal employees of bribing Chinese officials for information.

    Raid on Cypriot deposits shakes Europeans' faith in savings

    Sun, 03/17/2013 - 17:01
    ATHENS/MADRID (Reuters) - Europeans' faith in the safety of their savings has been shaken by a levy on Cypriot bank deposits to pay for a bailout, even though there was no sign of a rush to withdraw cash in Madrid or Dublin.

    China PBOC's Yi sees faster progress on capital account reforms

    Sun, 03/17/2013 - 16:23
    PANAMA CITY (Reuters) - China will speed up reforms to open up its capital account now that People's Bank of China Governor Zhou Xiaochuan has been reappointed, a senior central bank official said on Sunday.

    BIS concerned markets getting hooked on stimulus

    Sun, 03/17/2013 - 16:18
    FRANKFURT (Reuters) - The Bank for International Settlements raised concern that buoyant financial markets are getting too dependent on monetary and fiscal stimulus, discouraging governments from pushing through reforms.

    Super Wednesday for world's central banks

    Sun, 03/17/2013 - 15:35
    LONDON (Reuters) - The Bank of Japan welcomes a new anti-deflation governor this week, the Bank of England might get a new pro-growth mandate and the Federal Reserve is likely to stick like glue to its aggressive bond-buying program.

    Latin America taps private sector for infrastructure needs

    Sun, 03/17/2013 - 15:28
    PANAMA CITY (Reuters) - Latin America is increasingly looking to the private sector to help fund a $200 billion a year infrastructure investment gap that is dragging on economic growth and preventing the region from catching up to other emerging markets.

    Bombardier to pay 460 million Swiss francs to Swiss railways - paper

    Sun, 03/17/2013 - 14:25
    ZURICH (Reuters) - Canada's Bombardier will have to pay at least 460 million Swiss francs ($490.01 million) to Swiss railway group SBB for late delivery of 59 double-deck trains the SBB ordered three years ago, a Swiss newspaper reported on Sunday.

    Monte Paschi's former finance chief returns to jail

    Sun, 03/17/2013 - 13:59
    FLORENCE, Italy (Reuters) - An Italian judge on Sunday ordered the former head of Monte dei Paschi's finance department to return to jail a day after releasing him for a procedural error as part of an inquiry into alleged fraud and bribery at Italy's third-largest bank.

    Republicans differ on flexibility on taxes with Obama

    Sun, 03/17/2013 - 13:12
    WASHINGTON (Reuters) - Leading congressional Republicans said on Sunday a broad deal with President Barack Obama on deficit reduction and entitlement reform remains possible but differed over potential flexibility on taxes, with the House speaker and budget leader not bending.

    M&S in spotlight on report of Qatari bid interest

    Sun, 03/17/2013 - 13:11
    LONDON (Reuters) - British retailer Marks & Spencer was at the center of fresh bid speculation on Sunday, with takeover talk resurfacing after a year of weak trading and a flat share price.

    German experts question legality of ECB bank supervision plans

    Sun, 03/17/2013 - 12:57
    BERLIN (Reuters) - Legal experts charged with advising German lawmakers have raised questions over the legality of plans for the European Central Bank to take over banking supervision powers next year, Der Spiegel reported.

    Analysis: Cyprus bank levy risks dangerous euro zone precedent

    Sun, 03/17/2013 - 12:55
    LONDON (Reuters) - A hit imposed on Cypriot bank depositors by the euro zone has shocked and alarmed politicians and bankers who fear the currency bloc has set a precedent that will unnerve investors and citizens alike.

    Airbus to sign "major industrial deal": French government

    Sun, 03/17/2013 - 12:37
    PARIS (Reuters) - French President Francois Hollande will meet Airbus President Fabrice Bregier on Monday to celebrate "a major industrial deal," Hollande's office said in a statement on Sunday.

    Analysis: Uranium miners press Canada to change Cold War rules

    Sun, 03/17/2013 - 11:11
    WINNIPEG, Manitoba (Reuters) - Two of the world's biggest uranium miners, Rio Tinto PLC and Areva SA , are pressing Canada to change a Cold War era policy that curbs foreign ownership of uranium mines.

    Malls must move beyond shopping to survive in Internet era

    Sun, 03/17/2013 - 06:22
    CANNES, France (Reuters) - As growing numbers of shoppers move online, European mall owners are looking to pull in customers by including services that can't be replicated on the Web like hospital care and government offices.

    India wrestles with dilemma of blacklisting AgustaWestland

    Sat, 03/16/2013 - 23:54
    NEW DELHI (Reuters) - Indian Defense Minister A.K. Antony is leaning toward barring Anglo-Italian helicopter firm AgustaWestland from doing business in the country because of a corruption scandal, but he could be outvoted by cabinet colleagues, several government sources said.

    FBI probe of Universal focuses on $25 million consultant fee company now disavows

    Sat, 03/16/2013 - 23:20
    TOKYO/MANILA (Reuters) - The FBI and Philippine investigators probing potential bribery related to Universal Entertainment Corp's bid to build a casino in Manila have zeroed in on a $25 million payment the Japanese company now says should never have been made.

    Mexico has learned to stick with flexible peso: Aportela

    Sat, 03/16/2013 - 21:53
    PANAMA CITY (Reuters) - Mexico is committed to maintaining its freely floating exchange rate and is not currently contemplating any new mechanism to slow strong gains in the peso, deputy finance minister Fernando Aportela said on Saturday.