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| Japan fund managers raise Asian, U.S. stock weightings after Fed delays tapering Sunday, Sep 29, 2013 08:41 PM PDT By Ayai Tomisawa TOKYO (Reuters) - Japanese fund managers increased their assets allocated to equities in Asia and U.S. markets in September on the prospect of ample liquidity after the U.S. Federal Reserve decided to stick with its easy money policy, a Reuters poll showed. A survey of eight Japan-based fund managers, polled between Sept 17 and 25, also found the managers cut their assets allocated to bonds to a 16-month low, a sign that investors took the Fed's decision to continue with its stimulus as a green light to buy riskier assets. ... Full Story | Top |
| Shares, dollar jolted by U.S., Italian politics, China disappoints Sunday, Sep 29, 2013 08:40 PM PDT  By Wayne Cole SYDNEY (Reuters) - U.S. stock futures and the dollar came under pressure on Monday as a shutdown of the U.S. government seemed increasingly likely, while the euro had political troubles of its own as the Italian government teetered on the edge of collapse. Not helping was a surprise downward revision to activity in China's factory sector. While the final HSBC Purchasing Managers' Index (PMI) did edge up to 50.2 in September, that was well down on the preliminary reading of 51.2. ... Full Story | Top |
| Tokyo Electric set to receive $5.9 billion financing: source Sunday, Sep 29, 2013 08:09 PM PDT  By Taro Fuse TOKYO (Reuters) - Creditors are set to provide $5.9 billion in financing to Tokyo Electric Power Co (Tepco), a person involved in the talks told Reuters on Monday, offering a lifeline to the embattled owner of the crippled Fukushima nuclear plant. Tepco's major banks are prepared to provide 500 billion yen ($5.09 billion) in financing in December - 200 billion yen in loan rollovers and 300 billion yen in new financing - said the person, who has been involved in financing talks as a representative of one of the utility's major creditors. ... Full Story | Top |
| Mobile gaming firm King.com sets sights on U.S. IPO: source Sunday, Sep 29, 2013 07:59 PM PDT (Reuters) - King.com Ltd, the British mobile gaming company best known for its hit puzzle game 'Candy Crush Saga', has filed confidentially for an initial public offering (IPO) in the United States, a person familiar with the matter said on Sunday. Online technology companies are rushing to the stock market on the backs of Twitter Inc's announcement earlier this month that it plans to go public in the most eagerly anticipated IPO since last year's flotation of Facebook Inc. Emerging growth companies such as King can use a secretive IPO registration process in the U.S. ... Full Story | Top |
| Glencore seen unlikely to bid for OZ Minerals Sunday, Sep 29, 2013 07:48 PM PDT  MELBOURNE (Reuters) - Glencore Xstrata Plc is unlikely to pounce on OZ Minerals Ltd, a banker who knows both companies well said on Monday, playing down a report in a British newspaper that said Glencore was weighing a 750 million pound ($1.2 billion) takeover offer. The Mail on Sunday reported that Glencore had acquired up to a 10 percent stake in OZ Minerals, citing City sources, and said OZ Minerals had appointed UBS as a defense adviser. OZ Minerals said on Monday it had received no proposal nor any substantial shareholder notice from Glencore. ... Full Story | Top |
| Analysis: New trial for Boeing as Norwegian demands 787 repairs Sunday, Sep 29, 2013 07:40 PM PDT  By Tim Hepher and Alwyn Scott PARIS/NEW YORK (Reuters) - The brochure for Boeing Co's aircraft repair service makes a simple assertion: "No one knows Boeing airplanes better than Boeing." Now that claim is being put to a visible test as budget airline Norwegian Air Shuttle ASA grounded a brand new, $212 million 787 Dreamliner over the weekend. The airline demanded Boeing fix the state-of-the-art jet, saying it needs repairs after less than 30 days in service. ... Full Story | Top |
| Tokyo Electric reverses earlier losses on financing hopes Sunday, Sep 29, 2013 07:31 PM PDT  TOKYO (Reuters) - Shares of Tokyo Electric Power Co reversed early losses on Monday after a source said creditors of the operator of the crippled Fukushima nuclear plant are set to provide some $5.9 billion in financing to the embattled utility by the year-end. Tepco's application on Friday to restart an undamaged nuclear plant helped convince some wavering smaller banks to join a group of 28 financial institutions in rolling over 77 billion yen ($784 million) in loans coming due at the end of October, the source at one of the creditor institutions told Reuters. ... Full Story | Top |
| After Airbus A400M, Europe faces dearth of big defense projects Sunday, Sep 29, 2013 07:18 PM PDT  By Tim Hepher and Brenda Goh PARIS/LONDON (Reuters) - European politicians will toast the long-awaited Airbus A400M military transport plane at a ceremony in Spain on Monday, but face warnings that Europe's largest-ever collaborative defense project may be its last for years to come. After a tortuous 30 years in development, the first of 170 troop and cargo planes ordered by seven nations grants Europe a step towards independence in military transport, a key plank of foreign intervention capability. ... Full Story | Top |
| Twitter to make IPO filing public this week: Quartz Sunday, Sep 29, 2013 06:59 PM PDT  NEW YORK (Reuters) - Twitter Inc plans to make its IPO filing public this week, news website Quartz reported on Sunday, citing a person familiar with the social media network's plan. Twitter, which is expected to be valued at up to $15 billion, filed with U.S. regulators on September 12 to go public, but did so confidentially and without providing a timeline under a process available to emerging growth companies. Quartz said that Twitter's IPO could still be delayed by a variety of factors, from changes to the prospectus to market conditions, to a potential shutdown of the U.S. government. ... Full Story | Top |
| SpaceX Falcon 9 rocket blasts off from California Sunday, Sep 29, 2013 06:22 PM PDT  By Irene Klotz VANDENBERG AIR FORCE BASE, California (Reuters) - An unmanned Falcon 9 rocket blasted off from California on Sunday to test upgrades before commercial satellite launch services begin later this year. The 22-story rocket, built and flown by Space Exploration Technologies, or SpaceX, soared off a newly refurbished, leased launch pad at Vandenberg Air Force Station at noon (1600 GMT). The Falcon 9 blazed through clear blue skies out over the Pacific Ocean, its water vapor trail visible even as the rocket left the atmosphere. "It went better than expected. ... Full Story | Top |
| Japan August output slips but seen rising on exports, domestic demand Sunday, Sep 29, 2013 05:29 PM PDT  By Tetsushi Kajimoto and Stanley White TOKYO (Reuters) - Japan's industrial output slid 0.7 percent in August after a hefty gain in the previous month, but analysts see factory activity and the broader economy on track for a steady recovery backed by exports and firm domestic demand. A separate survey showed manufacturing activity expanded in September at the fastest pace since the March 2011 earthquake, underscoring the strength of the world's third-largest economy. Retail sales also rose 1. ... Full Story | Top |
| Alitalia aircraft makes emergency landing, no injuries Sunday, Sep 29, 2013 05:25 PM PDT ROME (Reuters) - An Alitalia aircraft went off the runway while landing at Rome's Fiumicino airport on Sunday, but there were no injuries among the 151 passengers or crew, authorities said. The airport said the pilot reported problems opening the undercarriage and made an emergency landing. (Reporting by James Mackenzie; Editing by Patrick Graham and Stacey Joyce) Full Story | Top |
| Italian cookbook author Marcella Hazan dies at 89 Sunday, Sep 29, 2013 05:05 PM PDT (Reuters) - Marcella Hazan, whose cookbooks brought the rich taste of authentic Italian food into kitchens across the United States, has died at the age of 89, her family said. Hazan lived in Longboat Key, Florida, with her husband and lifelong collaborator and writing partner Victor. Her death was announced by her daughter-in-law Lael Sara Caplan Hazan on her Facebook page. "The world of authentic home cooking has lost a giant today. My mother-in-law Marcella Hazan, melted away peacefully, my father-in-law Victor, was at her side," Caplan Hazan wrote. ... Full Story | Top |
| Japan August retail sales rise 1.1 percent Sunday, Sep 29, 2013 04:56 PM PDT  TOKYO (Reuters) - Japanese retail sales rose 1.1 percent in August from a year earlier, government data showed on Monday, in a sign that consumer spending is gaining some momentum. That compares with the median estimate for a 0.1 percent annual increase and followed a 0.3 percent decline in the year to July, data from the Ministry of Economy, Trade and Industry showed. To view full tables, go to the website of the Ministry of Economy, Trade and Industry at: http://www.meti.go.jp/english/statistics/tyo/syoudou/index.html (Reporting by Stanley White; Editing by Edmund Klamann) Full Story | Top |
| Italian president hopes to solve political crisis without new vote Sunday, Sep 29, 2013 04:28 PM PDT  By Alessandra Galloni and James Mackenzie ROME (Reuters) - Italy's president began talks on Sunday to pull the country out of a new political crisis, attempting to undercut a move by former Prime Minister Silvio Berlusconi to bring down the government and force new elections seven months after the last vote. For the third time since 2011, Italian President Giorgio Napolitano is trying to steer the country out of political chaos that has proven a major threat, not only to the euro zone's third-largest economy, but to the region's efforts to halt its four-year debt crisis. ... Full Story | Top |
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