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Thursday, November 28, 2013

Business Today: Stronger U.S. data spurs world shares, yen falls

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11/28/2013
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Stronger U.S. data spurs world shares, yen falls
LONDON (Reuters) - World shares rose toward six-year highs on Thursday and the yen languished at fresh lows against the euro and dollar after sentiment was boosted by a batch of strong U.S. economic data.
Bank of England cuts mortgage support to avoid housing bubble
LONDON (Reuters) - The Bank of England moved to head off the risk of a bubble in house prices on Thursday, making a surprise announcement that it would put the brakes on a scheme launched last year to boost mortgage lending.
Exclusive: UBS shrinks corporate advisory team for rich in emerging markets
ZURICH/DUBAI (Reuters) - Swiss lender UBS is scaling back corporate advisory and investment banking services for ultra-rich clients in some key emerging market countries to reduce overlaps with other departments, three sources familiar with the plan said.
Euro zone loans contraction increases pressure on ECB
FRANKFURT (Reuters) - A contraction in loans to households and companies in the euro zone quickened in October, piling pressure on the European Central Bank to do more to buoy the euro zone's weak recovery.
Thousands of EADS workers in Germany protest against restructuring
HAMBURG/MANCHING, Germany (Reuters) - More than 20,000 workers from EADS in Germany took to the streets on Thursday to protest against the European aerospace company's restructuring plans which they fear could cost thousands of jobs.
German utility E.ON plans sale of Italian business
FRANKFURT/MILAN (Reuters) - Germany utility E.ON has started preparations for the sale of its Italian business and will soon begin the search for a buyer, four people familiar with the matter said, at a price likely to be about 3 billion euros ($4 billion).
German unemployment climbs to highest level since April 2011
BERLIN (Reuters) - German unemployment rose to its highest level in two-and-a-half years in November, new data showed, a day after Chancellor Angela Merkel unveiled coalition plans that row back on decade-old reforms credited with rejuvenating the labor market.
Delek Group third-quarter net slips 25 percent after U.S. unit loss, tax expense
JERUSALEM (Reuters) - Israeli conglomerate Delek Group reported a 25 percent drop in quarterly net profit due to a loss in its U.S. fuel sector operations and a one-time tax expense.
Thomas Cook ramps up targets as overhaul yields profit leap
LONDON (Reuters) - Thomas Cook raised its revenue and cost-cutting targets in the latest stage of a profit-boosting turnaround at the world's oldest travel firm, sending its shares to a near three-year high.
Eyeing holiday sales, more U.S. retailers to open on Thanksgiving
(Reuters) - Macy's Inc and a slew of other U.S. retailers are opening on Thanksgiving for the first time ever in a bare-knuckled brawl for a bigger slice of overall holiday sales.
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