 TOKYO (Reuters) - Hitachi Ltd and Mitsubishi Heavy Industries Ltd have begun talks to merge, three sources with knowledge of the matter told Reuters, a move that would bring much needed consolidation to corporate Japan. | |
| BOJ eases monetary policy, supports FX intervention Wed,3 Aug 2011 11:27 PM PDT Reuters - TOKYO (Reuters) - The Bank of Japan eased monetary policy by boosting its asset buying scheme on Thursday at a rate review that was cut short by one day in the wake of Tokyo's solo intervention to weaken the yen. Full Story | |
| Instant view: BOJ eases policy after Japan forex intervention Wed,3 Aug 2011 11:27 PM PDT Reuters - TOKYO (Reuters) - The Bank of Japan eased monetary policy by boosting its asset buying scheme in a rate review that was cut short by one day in the wake of Tokyo's solo intervention to weaken the yen. Full Story | |
| Japan intervention amount seen at Y800-900 billion: report Wed,3 Aug 2011 11:27 PM PDT Reuters - TOKYO (Reuters) - Japanese authorities have spent 800 billion to 900 billion yen ($11.7 billion) in the foreign exchange market to stem the yen's rise, news agency Jiji reported on Thursday, quoting a market source. Full Story | |
| Timeline: Japan intervenes to tame yen Wed,3 Aug 2011 11:27 PM PDT Reuters - TOKYO (Reuters) - Japan intervened in currency markets on Thursday to curb the yen's gains that officials fear threatened to derail the economy's recovery from a slump triggered by a massive earthquake in March. Full Story | |
| Lloyds pushed $5.3 billion into red by insurance mis-selling Wed,3 Aug 2011 11:25 PM PDT Reuters - LONDON (Reuters) - Compensating customers who were mis-sold insurance pushed Lloyds 3.25 billion pounds ($5.3 billion) into the red in the first half but the loss was broadly as expected and the British bank reiterated its full-year guidance. Full Story | |
 SYDNEY (Reuters) - The yen tumbled on Thursday as Japanese authorities intervened to curb its recent gains, though gold stayed near a record high on uncertainty over whether the European Central Bank would join the fray by resuming bond purchases to fight a crisis of confidence. | |
 Bonn, Germany (Reuters) - Deutsche Telekom said it was on track to meet its targets after the group's second quarter profit was hit by restructuring charges mainly for staff in Germany. | |
| AXA earnings quadruple on asset sale gains Wed,3 Aug 2011 10:37 PM PDT Reuters - PARIS (Reuters) - AXA , Europe's second-biggest insurer, said on Thursday that first-half net income quadrupled, beating forecasts, helped by 1.44 billion euros ($2.05 billion) in one-off gains related to asset sales. Full Story | |
| Analysis: Oil traders ask "what glut?" as Midwest stocks shrink Wed,3 Aug 2011 10:07 PM PDT Reuters -  NEW YORK (Reuters) - The latest U.S. oil inventory data contradict a widely held notion among oil traders that a huge glut of Canadian and U.S. shale crude oil is accumulating in the middle of the United States and causing the record gap in global oil benchmark prices. | |
| Analysis: Oil traders ask "what glut?" as Midwest stocks shrink Wed,3 Aug 2011 10:05 PM PDT Reuters -  NEW YORK (Reuters) - The latest U.S. oil inventory data contradict a widely held notion among oil traders that a huge glut of Canadian and U.S. shale crude oil is accumulating in the middle of the United States and causing the record gap in global oil benchmark prices. | |
| Retail sales seen rising in July Wed,3 Aug 2011 09:08 PM PDT Reuters - NEW YORK (Reuters) - Deep discounts and the warmest July weather in decades should help retail chains report a rise in monthly sales, with many expecting warehouse clubs and high-end chains to lead the way. Full Story | |
 CHICAGO/ATLANTA (Reuters) - U.S. airlines are not likely to bow to pressure from the White House and elsewhere to rollback a fare increase facilitated by a Washington political standoff that could net the industry more than $1 billion in unexpected third quarter revenue. | |
| Analysis: Down-to-wire debt deal tests corporate ties Wed,3 Aug 2011 04:40 PM PDT Reuters - WASHINGTON (Reuters) - Corporate America is not likely to punish Republicans who ignored their pleas and voted against a bill to raise the U.S. debt ceiling, looking to court them for bigger fights ahead, according to business lobbyists. Full Story | |
| Canaccord Q1 profit misses on lower trade volumes Wed,3 Aug 2011 04:38 PM PDT Reuters - BANGALORE (Reuters) - Canaccord Financial Inc on Wednesday reported an increase in quarterly profit, but the results fell short of analysts' estimates as market volatility and lower trading volumes hit the Canadian investment bank and brokerage's core businesses. Full Story |
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