Foreign interest in Kenya telecom IPO still high
LONDON, March 19 (Reuters) - Kenya's biggest stock market listing yet, mobile operator Safaricom SCOM.NR, will attract huge foreign interest despite a post-election crisis that shook the country ea...
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Sterling slides, rate futures up after BoE minutes
LONDON, March 19 (Reuters) - The pound fell to session lows versus the euro and the dollar on Wednesday, while UK rate futures ticked higher after Bank of England minutes showed that two of the nin...
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FOREX-Dollar falls as Fed cut highlights low yield status
LONDON, March 19 (Reuters) - The dollar weakened against the euro and yen on Wednesday, erasing gains made after a smaller-than-expected U.S. interest rate cut the previous day, as dealers maintain...
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FirstEnergy Ohio Perry reactor up to 88 pct power
Research ) 1,231-megawatt Perry nuclear power station in Ohio ramped up to 88 percent power by early Wednesday, the U.S. Nuclear Regulatory Commission said in a report.
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Flight into cash good for banks too - Schroders
LUXEMBOURG (Reuters) - Banks may have thought of their own pockets more than their clients when telling them to move money into safe cash deposits, in a bid to shore up liquidity and boost profit margins, a senior banker said.

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FSA makes management changes
LONDON (Reuters) - The FSA, the financial industry regulator, announced a fresh management shake-up on Wednesday, its fourth major set of changes since the debacle at lender Northern Rock, naming a key executive to lead its financial stability efforts.

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Next chief says market outlook tough but not dire
LONDON (Reuters) - The boss of clothing retailer Next said the outlook for the year ahead was tough and sales would fall but it was difficult to say if sales growth would resume next year.

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  • China Mobile: Shanghai IPO will be small

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  • Wall Street relishes Spitzer's fall from grace

    NEW YORK (Reuters) - For years, he was the scourge of the Masters of the Universe and the Sheriff of Wall Street.