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Thomson Reuters UK delisting to force stake sales

Thomson Reuters' plan to cancel its London Stock Exchange listing prompted a jump in its shares on Tuesday, but the rally was tempered by fears some large UK shareholders will have to cut or sell their stakes.

Moody's eyes U.S. debt path when mulling AAA rating

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Moody's Investors Service said on Tuesday that the U.S. government's triple-A credit rating was safe but added that it could be at risk if Washington were unable to bring its public debt back to a downward trajectory.
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U.S. credit rating a solid triple-A: Moody's

Moody's Investors Service said on Tuesday that the U.S. government's triple-A credit rating was safe but added that it could be at risk if Washington were unable to bring its public debt back to a downward trajectory.
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Streaming music service Spotify basks in praise

At first glance, Spotify isn't much different from other on-demand streaming music services. It includes roughly the same library of songs, pays the same per-stream licensing fees for music and contends with the same poor ad-sales environment.
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Britain gives way on EU financial plan

A deal reached by European Union leaders broke a deadlock on bank supervision reform on Friday, overcoming British reservations, but leaving much detail still be worked out in practice.
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Glencore IPO possible, but years away - bankers

Swiss-based Glencore's bumpy ride in credit markets may trigger it to raise equity, but a possible public listing is years away, bankers familiar with the commodity trader's thinking said.
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Eight percent admit to downloading video illegally

Eight percent of all consumers in Britain, France, Germany and the United States admit to downloading video illegally from the Internet, according to a survey, showing the scale of the ongoing fight against piracy.
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EU to launch bank rule shake-up

European Union leaders will approve new rules to tighten bank supervision at a two-day summit which starts on Thursday and is intended to show the bloc has the economic crisis under control.
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Daily Commentary - 18/06/2009

With many beginning to question the sustainability of the recent increase in sentiment surrounding a global economic recovery and commodity prices the Aussie dollar appears to have found some relatively solid topside resistance.
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Bluenext edges towards China emissions exchange

French emissions exchange BlueNext has taken its first step toward a carbon trading platform in China with a deal to offer its clients a database of Chinese carbon-cutting projects, its chairman said on Thursday.
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Shire, J&J win data exclusivity case at EU court

Shire Plc and Johnson & Johnson won the backing of Europe's highest court on Thursday in their battle for data exclusivity against a generic rival for Alzheimer's drug Reminyl, the court said.
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Watson to go global with $1.75 billion Arrow buy

Watson Pharmaceuticals Inc said on Wednesday that it would buy privately held Arrow Group for $1.75 billion, clinching a long-expected deal by the U.S. generic drugmaker to expand internationally.
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Work for nothing or take unpaid leave: British Airways

British Airways is asking its staff to work for nothing or take unpaid leave in July, spokeswomen Kirsten Millard said on Tuesday. The airline offered workers to take between one week and one month of unpaid leave or unpaid work.
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Watson goes global with $1.75 billion Arrow deal

Watson Pharmaceuticals Inc said on Wednesday it will buy privately held Arrow Group for $1.75 billion, clinching a long-expected deal by the U.S. generic drugmaker to expand internationally.
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Euro zone trade surplus up

The euro zone's unadjusted external trade surplus rose in April as exports showed signs of stabilising on a monthly basis and fell less than imports, though shipments sank more than a quarter from a year earlier.
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Daily Commentary - 17/06/2009

The local market was caught by surprise yesterday following the release of the minutes to this month's Australian Reserve Bank meeting.

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