RBS First-Quarter Net Loss Nearly Doubles -- 2nd Update

TODAY: April 30, 2016 PUB DATE: April 29, 2016

By Max Colchester LONDON-- Royal Bank of Scotland Group PLC on Friday said its net loss in the first quarter more than doubled, following hefty restructuring charges and a one-off payment to the U.K. government. RBS reported a net loss ...

EU to Start Surveying Steel Imports to Support Industry

TODAY: April 30, 2016 PUB DATE: April 29, 2016

By Viktoria Dendrinou BRUSSELS--The European Union said Friday it would start surveying steel imports, as part of the bloc's effort to support its struggling steel sector as it grapples with global overcapacity. The European Commission, the EU's executive arm, established ...

U.S. Stock Plunge Weighs on Global Markets

TODAY: April 30, 2016 PUB DATE: April 29, 2016

Global stocks were mostly lower on the last trading day of the month, as a late-day selloff in U.S. tech shares reverberated overseas. The Stoxx Europe 600 fell 1.2% in early trade Friday, following weak sessions on Wall Street and ...

Rovi to Buy TiVo in $1.1 Billion Deal

TODAY: April 30, 2016 PUB DATE: April 29, 2016

Rovi Corp. said it would acquire TiVo Inc. for about $1.1 billion, a tie-up that comes as consumers are increasingly changing how they watch videos. Rovi said it will pay $10.70 a share in cash and stock, which is a ...

RBS Reports Wider First-Quarter Loss

TODAY: April 30, 2016 PUB DATE: April 29, 2016

By Max Colchester LONDON-- Royal Bank of Scotland Group PLC on Friday reported a large increase in its first-quarter net loss, following hefty restructuring charges and a one-off payment to the U.K. government. RBS reported a net loss of GBP968 ...

French Consumer Prices Weaker Than Expected in April

TODAY: April 30, 2016 PUB DATE: April 29, 2016

By William Horobin PARIS--French consumer prices were weaker than expected in April, dragged down by a fall in prices of manufactured goods, statistics showed Friday. The consumer price index in the eurozone's second largest economy rose 0.1% on the month ...

Oil Falls From Day's High, Back Below $46

TODAY: April 30, 2016 PUB DATE: April 29, 2016

By Nicole Friedman and Georgi Kantchev NEW YORK -- Oil prices fell Friday on expectations that the Organization of the Petroleum Exporting Countries increased its output following a failed attempt to agree on a production freeze. Oil prices have surged ...

Canada GDP Declines in February

TODAY: April 30, 2016 PUB DATE: April 29, 2016

OTTAWA?Canada's economic output shrank in February for the first time in five months, led by declines in wholesale trade and manufacturing, and tempering a recent string of encouraging data. Gross domestic product, the broadest indicator of goods and services produced ...

Sri Lanka Gets $1.5 Billion IMF Loan

TODAY: April 30, 2016 PUB DATE: April 29, 2016

COLOMBO, Sri Lanka?Sri Lanka and the International Monetary Fund said Friday they had reached a $1.5 billion loan deal to stave off a financial crisis in the Indian Ocean island nation. Sri Lanka's foreign-exchange reserves have dwindled in recent months ...

U.S. Consumer Sentiment Fell as Caution Continued

TODAY: April 30, 2016 PUB DATE: April 29, 2016

WASHINGTON?A closely watched gauge of U.S. consumer sentiment continued to decline in April, the latest evidence of growing caution about the economy's momentum. The University of Michigan final consumer-sentiment index for April, released on Friday, was 89.0, down from March's ...

Telefonica Doesn't Rule Out O2 Deal Falling Through

TODAY: April 30, 2016 PUB DATE: April 29, 2016

By Jeannette Neumann MADRID--Telefonica SA (TEF.MC) executives on Friday left open the possibility that European Union regulators could halt its sale of U.K. unit O2 to rival CK Hutchison Holdings Ltd (0215.HK). "A negative decision can't be disregarded," Chairman Jose ...

Portugal Gets Lifeline From DBRS Rating Affirmation

TODAY: April 30, 2016 PUB DATE: April 29, 2016

By Patricia Kowsmann LISBON -- Ratings agency DBRS Ltd. on Friday affirmed a key credit rating for Portugal, easing fears that the country could soon be faced with a new funding crisis. Canada-based DBRS confirmed Portugal's sovereign debt rating at ...

Eurozone Economic Recovery Gathers Pace -- 5th Update

TODAY: April 30, 2016 PUB DATE: April 29, 2016

By Paul Hannon, William Horobin and Jeannette Neumann Growth in the euro currency zone gathered pace in the first three months of the year, bringing economic output back to its level just before the 2008 financial crisis -- a belated ...

Repos Falling Out of Favor Since Fed Lifted Rates

TODAY: April 30, 2016 PUB DATE: April 29, 2016

By Katy Burne The Federal Reserve has seen demand fall to a two-year low for a program it created to help it raise interest rates, and expanded last year in anticipation of heavier use. This hasn't hampered the Fed's ability ...

Argentina's Central Bank to Take Aim at Inflation

TODAY: April 30, 2016 PUB DATE: April 29, 2016

BUENOS AIRES?Argentina's central bank will begin implementing an inflation-targeting system in September, when Congress begins debating next year's budget, the bank's president said Thursday. In his first news conference since taking office in December, Central Bank of Argentina President Federico ...