Reuters: Business News

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03/18/2010 01:17 AM

Nissan to build electric car in UK

TOKYO (Reuters) - Nissan Motor Co said on Thursday it would begin building the Leaf electric compact car at its Sunderland plant from early 2013, making Britain its third global production site for the zero-emission vehicle.

03/18/2010 12:36 AM

BHP confident can seal JV with Rio

MELBOURNE (Reuters) - Global miner BHP Billiton said it expects to finalise its iron ore joint venture with Rio Tinto this year and took a swipe at a plan being considered by Australia to hike taxes on miners.

03/18/2010 01:20 AM

Nikkei takes breather after rally

TOKYO (Reuters) - Japan's Nikkei average edged lower on Thursday, slipping back from a two-month high hit the previous day, as some recent gainers such as Canon , and real estate shares such as Mitsui Fudosan retreated.

03/17/2010 07:10 PM

Arriva soars on bid approach

LONDON (Reuters) - British transport group Arriva said it received an approach about a possible takeover, sending its shares soaring just a fortnight after it ended talks with SNCF about a tie-up with the French group's Keolis unit.

03/17/2010 08:01 PM

Four banks face trial derivatives test

MILAN (Reuters) - An Italian judge on Wednesday ordered four foreign banks and 13 people to stand trial over a complex derivatives deal involving Milan in a criminal test case for cities facing heavy losses from derivatives deals.

03/18/2010 01:19 AM

Brown says BA strike deal possible

LONDON (Reuters) - Prime Minister Gordon Brown said on Wednesday he believed a deal was still possible to prevent a planned British Airways cabin crew strike at the weekend.

03/17/2010 06:56 PM

RWE calls for energy accord

LONDON (Reuters) - Energy supplier RWE npower has called for an agreement between the government, energy companies, and end-users to end uncertainty over investing in renewing the country's ageing energy infrastructure.

03/17/2010 06:28 PM

FTSE hits 21-month closing high

LONDON (Reuters) - Stronger commodity and banking stocks drove the top share index to its highest close in 21 months on Wednesday, as investors welcomed the Federal Reserve's pledge to hold down interest rates and metals prices rose.

03/17/2010 11:05 PM

Bank concentration "not stable situation"

DALLAS (Reuters) - The consolidation of UK banks after the financial crisis has created an unstable situation, said Adam Posen, a member of the Bank of England's monetary policy-setting committee.

03/17/2010 06:33 PM

FSA talks tough as goes on hiring spree

LONDON (Reuters) - The financial regulator plans to hire 14 percent more staff this year to help beef up its increasingly intrusive approach to supervision, implement new European insurance rules and bolster its enforcement arm.

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