MILAN, Dec 8 European shares rose to their highest in eleven months on Thursday as the European Central Bank's unexpected decision to cut its monthly asset purchases helped banks extend their rally.
* Deal shows Kremlin can lure big foreign investors (Updates throughout)
LONDON, Dec 8 Long-dated euro zone bond yields sold off on Thursday after the European Central Bank extended its asset purchase programme but at a reduced level and introduced measures allowing it to buy more short-dated bonds.
LONDON, Dec 8 Glencore's decision to acquire a stake in Russian state oil giant Rosneft is not financially risky, Moody's credit ratings agency said, and does not mark any shift from the miner-trader's new policy of limiting its debt levels.
Dec 8 Investment bank Credit Suisse AG has hired internet equities analyst Robert Peck to run its global internet banking business, according to a memo reviewed by Reuters.
LONDON, Dec 8 (IFR) - Cameron Hedger, co-head of fund-linked products in Credit Suisse's global solutions business, is leaving the Swiss bank as part of an expanded cost cutting plan announced on Wednesday, people familiar with the matter said.
(The following statement was released by the rating agency) LONDON, December 08 (Fitch) Fitch Ratings has affirmed Swiss Reinsurance Company Limited's (Swiss Re) Insurer Financial Strength (IFS) Rating at 'AA-' and Long-Term Issuer Default Rating (IDR) at 'A+'. Fitch has also affirmed the ultimate holding company Swiss Re Ltd. at an IDR of 'A'. The Outlooks are Stable. A full list of rating actions is at the end of this commentary. KEY RATING DRIVERS The affirmation reflects the strength of
FRANKFURT, Dec 8 Strikes by pilots at Lufthansa have cost Germany's largest carrier 100 million euros ($106 million) in lost profit this year, but chief executive Carsten Spohr said he is hopeful further strikes can be averted by mediation.
NEW YORK, Dec 8 Lawyers for investors accusing several major banks of conspiring to rig silver prices are seeking to add five new defendants to the case, based what they call "smoking gun" evidence they obtained from Deutsche Bank AG following a settlement.
LONDON, Dec 8 The single currency and euro zone government bond yields retreated from the day's highs on Thursday after the European Central Bank unveiled "less for longer" tweaks to its bond purchase programme.
WASHINGTON President-elect Donald Trump will name fast-food executive Andy Puzder to head the U.S. Department of Labor, according to a source familiar with the matter, in an appointment likely to antagonize organized labor.