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April 16, 2014 / 12:55 PM / in 4 years


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Litigation expenses push Bank of America into loss

Bank of America Corp posts a first-quarter loss as it sets aside an extra $6 billion to cover litigation expenses, a figure that far exceeds the legal settlements the No. 2 U.S. bank has announced recently. (BANKOFAMERICA-RESULTS/ (UPDATE 2), moved, by Peter Rudegeair and Tanya Agrawal, 600 words)

+ See also:

- CREDIT SUISSE/RESULTS (UPDATE 3), moved, by Katharina Bart, 800 words

China economic growth slows to 18-month low in Q1

BEIJING - China’s economy grows at slowest pace in 18 months at the start of 2014, but still a touch better than expected and along with signs of improvement in some March data suggests Beijing will not rush to follow up recent steps to support activity. (CHINA-ECONOMY/ (UPDATE 2, GRAPHIC, TV), moved, by Adam Rose and Xiaoyi Shao, 700 words)

Starbucks to move Europe base to London, pay more UK tax

LONDON - Starbucks Corp says it will move its European headquarters to London from the Netherlands and pay more tax in the UK as a result. (STARBUCKS UNITEDKINGDOM/ (UPDATE 3), expect by 1500 GMT/11 AM ET, 450 words)

Tesco vows to win back customers after profits decline

LONDON - Tesco boss Philip Clarke vows to win back shoppers with millions of pounds of price cuts after a second year of falling profits cast doubt on his efforts to turn around the fortunes of Britain’s biggest retailer. (TESCO-RESULTS/ (UPDATE 3, PIX), moved, by Neil Maidment and Kate Holton, 800 words)


Shares up on China relief, but Ukraine strains remain

LONDON - Share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts and another low euro zone inflation reading spurred speculation about the European Central Bank’s policy options. (MARKETS-GLOBAL/ (WRAPUP 5), moved, by Marc Jones, 800 words)

More risk in sight as key frontier index undergoes changes

LONDON - Life may be about to get even riskier for investors in some of the world’s riskiest markets, following upcoming changes in a key frontier market stock index. (FRONTIER-INDEX, expect by 1400 GMT/10 AM ET, by Carolyn Cohn, 850 words)


UK unemployment falls, pay matches inflation

LONDON - Britain’s unemployment rate falls more than expected and pay growth catches up with inflation for the first time in nearly four years, a boost for Prime Minister David Cameron little more than year before national elections (BRITAIN-JOBS/ (UPDATE 2), moved, by William Schomberg and Ana Nicolaci da Costa, 800 words)

Reuters global economy poll

LONDON - Reuters has surveyed hundreds of economists and analysts on the outlook for some of the most important economies in the world, collecting data on GDP, inflation, unemployment and monetary policy outlook. The results will be published at 1320 GMT/9.20 AM ET (ECONOMY-POLL/WRAPUP, by Ross Finley and Rahul Karunakar, 600 words)

+ See also:

- ECONOMY-POLL/USA, by Jason Lange, 600 words

- ECONOMY-POLL/BRITAIN, by Jonathan Cable, 600 words

- ECONOMY-POLL/EUROZONE, by Sumanta Dey and Deepti Govind, 600 words

- ECONOMY-POLL/FRANCE, by Brian Love, 600 words

- ECONOMY-POLL/ITALY, by Viviana Venturi and Steve Scherer, 600 words

- ECONOMY-POLL/GERMANY, by Cirsten Pahlke and Annika Breidthardt, 600 words

- ECONOMY-POLL/GIPS, by Rahul Karunakar, 600 words

- ECONOMY-POLL/CANADA, by Deepti Govind, 600 words

- ECONOMY-POLL/LATAM, by Silvio Cascione, 600 words

- ECONOMY-POLL/SAFRICA, by Vuyani Ndaba, 600 words

- ECONOMY-POLL/TURKEY, by Seda Sezer, 600 words

- ECONOMY-POLL/JAPAN, moved, by Kaori Kaneko, 600 words

BIS’s Borio warns against emotion in deflation debate

BASEL - The risk of deflation should not be exaggerated, says a senior official at the Bank for International Settlements, calling for a sober international debate about easing price pressures. (DEFLATION/(INTERVIEW), moved by Eva Taylor and Andreas Framke, 620 words)

Oil-rich Shetland forces way into Scotland’s vote

They may be 12 hours by ferry from the Scottish mainland, hundreds of miles from Edinburgh and closer to Oslo than London, but the 23,000 inhabitants of the windswept Shetland Islands have their own aspirations as the debate on Scottish independence grows louder. (SCOTLAND-INDEPENDENCE/SHETLAND), moved, by Sarah Young, 1,200 words


Alibaba’s growth quickens in time for landmark U.S. IPO

SAN FRANCISCO - Alibaba Group Holding Ltd accelerates revenue growth in the crucial fourth quarter, the company reports, a timely lift for the Chinese Internet company as it prepares for a highly anticipated public offering. (ALIBABA-RESULTS/, moved, by Edwin Chan, 500 words)

+ See also:

- YAHOO-RESULTS/, moved, by Alexei Oreskovic, 700 words

After bumper years, Toyota braces for shift to slower growth

TOYOTA CITY, Japan/TOKYO - Toyota Motor Corp is set to post record growth for the year just ended - with a likely $10 billion surge in operating profit - but the mood at its HQ in Japan’s prosperous automotive heartland is cautious as executives warn of a leaner year ahead. (TOYOTA-MOTOR/OUTLOOK, moved, by Yoko Kubota and Maki Shiraki, 1,000 words)

ASML cuts first-half sales forecast on weaker Q2

AMSTERDAM - ASML, the world’s biggest manufacturer of tools for semiconductor chip makers, cut its first-half sales forecast, blaming slower second-quarter sales to some customers. (ASML HOLDING Q1/RESULTS (UPDATE 3), moved, by Anthony Deutsch and Sara Ledwith, 450 words)

Telecom Italia shareholders gather on board renewal

MILAN - Telecom Italia investors gather to vote on a board renewal that will bring for the first time a majority of independent directors to oversee Italy’s largest phone group (TELECOMITALIA-SHAREHOLDERS/, moved, by Danilo Masoni, 400 words)

Danone sales slow as Russia, baby food take toll

PARIS - Danone sees underlying group sales growth slow in the first quarter as price hikes in Russia dents sales volume in the core dairy division and sales of high-margin baby food fall, albeit less sharply than feared. (DANONE-SALES (UPDATE 1), moved, by Dominique Vidalon, 700 words)

Reckitt Benckiser sticks to targets despite challenges

LONDON - Reckitt Benckiser Group stands by its 2014 financial targets despite challenges in some markets and signals it is leaning toward spinning off its declining pharmaceuticals business. (RECKITTBENCKISER-RESULTS/SALES (UPDATE 2) moved, by Martinne Geller, 500 words)

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