Finance
Cameron snubbed over Brussels review
France and Germany have declined to participate in a survey of views on Brussels powers, seeing the exercise as more about UK politics
Categories: Finance
US banks weigh EU bonus cap options
Bankers say US institutions are considering whether it still makes sense to base Europe, Middle East and Africa (Emea) business in London
Categories: Finance
Apple bows to Chinese pressure
Chief executive says that a lack of external communication had led to a perception that Apple was ‘arrogant’ and did not value consumer feedback
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Equity markets start April on sour a note
Data from Japan and China weigh on sentiment but investors are focusing on the Bank of Japan’s policy meeting later this week
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Turkey’s economy slows sharply
Turkish growth fell back sharply last year to 2.2 per cent, with GDP growth in the fourth quarter below forecast at just 1.4 per cent – the lowest rate since 2009
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Park vows tough response to North Korea
President Park Geun-hye has ordered the military to retaliate strongly to any North Korean provocation as tensions mount further on the divided peninsula
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Novartis loses Indian patent case
Supreme Court rejects application on cancer drug Glivec, in a landmark ruling health activists say will allow India’s generics industry to keep making cheaper versions of newer medicines
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Japanese bank lobby to rethink Tibor
The Japanese Bankers Association vows to improve the reliability of the domestic lending benchmark in the wake of a global scandal over the manipulation of other key rates
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China’s manufacturing picks up speed
Factory output rose at its fastest pace in almost a year in March, but the slower-than-expected increase suggests economic rebound remains fragile
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Bailey calls for bank capital transparency
Lenders should make such requirements public so that investors can see which ones have attracted regulatory concerns, says the new watchdog
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Pru plans foray into UK rented housing
Government has made clear it is keen to encourage institutions to become landlords as an alternative to buy-to-let investors
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Russia gears up for shale boom
Lukoil’s vice-president is warning Russia’s leaders that tax changes are vital to maintain the oil flow that is fuelling an industrial renaissance
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Rush to find Cypriot cash escape route
At least three people have attempted to flee country in recent weeks with more than €200,000 in cash on their person, according to official sources
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Supreme court upholds Kenyatta victory
Opposition and civil rights groups say integrity of the vote undermined by failure of electronic safeguards brought in after disputed election in 2007
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Egypt issues arrest warrant for TV satirist
Defamation allegation underscores cultural clash between conservative Islamists who dominate government and liberal secular activists who spearheaded the revolution
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Italy’s president moves to break election deadlock
Napolitano says mediators will proposes programme of political and economic reforms that could be supported by the parties in parliament
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Argentina reveals payment offer to holdouts
Legal fight over the country’s nearly $100bn default in 2001 has raised fears that sovereign restructurings could become far harder in future
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Cyprus deposit haircut could reach 60%
Depositors to get shares for at least 37.5% of uninsured deposits, while 22.5% will be put into a fund attracting no interest
Categories: Finance
Pyongyang enters ‘state of war’ with Seoul
North Korea has spent several weeks condemning US-South Korea joint military exercises and UN sanctions that followed its nuclear test last month
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