Breaking Finance news
Gold miners risk becoming ‘barbarous relic’
The warning comes after the share price of Barrick Gold fell to a 20-year low last week, losing its crown as the world’s largest gold miner by market value to GoldCorp
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US private sector hiring weakens
Businesses added 119,000 jobs last month, below a forecast 155,000, as Americans digested government spending cuts and a payroll tax rise
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EU weighs Bangladesh trade restrictions
In an attempt to exert pressure on Bangladesh to improve its factory standards, the EU is considering trade restrictions on the country
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Sony leadership to forgo bonuses
Forty top executives to give up Y1bn in total after they failed to keep a promise to return the Japanese group’s consumer electronics division to profit
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What to look for in Facebook’s earnings
Analysts are expecting 36% revenue growth year on year, with consensus estimates calling for earnings of 13 cents a share on $1.44bn in revenue
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Chinese manufacturing growth slows
Data provides further evidence that the world’s second-largest economy is slowing
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Apple cleans up with $17bn US bond issue
The maker of the iPhone, which has no debt, is seeking to take advantage of low interest rates to help fund its $100bn planned capital return
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ENRC faced 11th-hour hitch over listing
The controversial London flotation of the Kazakhstan-based miner encountered a last-minute hurdle after auditors found evidence that records had been falsified or destroyed
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Global stocks at cyclical highs
Risk appetite increases ahead of central bank meetings, while investors are also cheered by Italy’s coalition government and easing eurozone tensions
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Letta urges closer Europe political union
New Prime Minister Enrico Letta tells senate that the creation of the single European currency was insufficient and calls for greater political union
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Eurozone jobless rate up as inflation falls
Expectations for an ECB interest rate cut grow after the eurozone unemployment rate edges up to 12.1% and the inflation rate slows sharply to 1.2%
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Havelange quits Fifa over bribery scandal
Ethics court of world football’s governing body clears Fifa president Sepp Blatter of wrongdoing but João Havelange resigns as honorary president
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Regulator proposes cuts on Heathrow charges
Civil Aviation Authority says UK hub airport’s aeronautical charges should rise by inflation minus 1.3% during each of the five years from April 2014
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Unilever increases control over Indian business
Anglo-Dutch consumer goods group Unilever is paying $5.4bn to extend its control over its Hindustan Unilever Indian subsidiary to 75%
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Best Buy exits Carphone Europe venture
US electrical retailer receives £471m for its 50% share of operation with 2,400 stores across eight countries as five-year relationship ends
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UBS strategy shift bolsters profits
Swiss banking group posts net profits of SFr988m, well ahead of analysts’ forecasts, after move to focus on wealth management and cut back on risk
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Falling loan charges help Lloyds advance
Bank’s first-quarter profit rises to £2bn after a sharp decline in bad loan charges and one-off gains on the sale of UK government bond holdings
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BP profit beats forecasts despite sell-off
High-margin areas such as Angola and North Sea help to offset lower production following impact of $38bn asset disposal programme
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Santander chief quits ahead of ruling
Alfredo Sáenz steps down as Santander chief executive, allowing Bank of Spain to escape a decision on whether to ban him over a criminal conviction
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Italian debt auction costs tumble
Analysts say successful auction boosted by prospect of new government led by centre-left Enrico Letta introducing measures to lift Italy out of recession
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