Cameron seeks answers after soldier hacked to death
Prime Minister David Cameron convenes an emergency meeting of his intelligence chiefs after two Islamists hacked a soldier to death with meat cleavers on a south London street. Full Article | Video
First-quarter economic growth unrevised at 0.3 percent
LONDON - Britain's economy grew 0.3 percent in the first quarter as originally estimated, but consumer spending rose at its weakest pace since the third quarter of 2011.
EU wants big firms to reveal national tax bills
BRUSSELS - Large companies should disclose how much tax they pay in each country where they operate, the European Commission's top regulatory official Michel Barnier says. Full Article
Iran seeks to speed up nuclear activity
VIENNA - Iran is trying to accelerate its uranium enrichment programme, a U.N. nuclear report shows, but experts say it is unclear when Tehran's new machines could start operating and how efficiently they would work. Full Article
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China urbanisation plan hit by spending fears
BEIJING - China's plan to spend $6.5 trillion on urbanisation is running into snags, as leaders fear it could push up local debt levels and inflate a property bubble. Full Article
Decision to taper U.S. stimulus may come soon
WASHINGTON - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke says. Full Article | Video
Twitter beefs up security after hacking spree
Twitter unveils technology to boost security for its users, following a spate of attacks on accounts of prominent media outlets including the Associated Press and the Financial Times. Full Article
High costs push Ford out of Australia
CANBERRA - Ford will shut its two Australian auto plants in October 2016, blaming a strong currency and costs that are hitting manufacturers just as the country looks for other sectors of its economy to cushion the end of a mining boom. Full Article
Lenovo buys and diversifies to outshine rivals
HONG KONG - Lenovo Group's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. Full Article
Reuters Today: Bernanke Sparks Massive Sell Off
May 23 - Fed Chairman Bernanke and weak Chinese data rattle markets. Japan's Nikkei tumbles over 7 percent - its biggest one-day fall in two years - shedding over 1,000 points. Europe deeply in the red too.
Latest Headlines
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Markets spooked by Bernanke
A 1,000-point swing in the Nikkei leads to its biggest one-day percentage fall in two years, after Ben Bernanke hints the Fed may scale back stimulus soon and Chinese factory data disappoints. Video
Apple, hypocrisy and stakeholder tax
Politicians are hypocrites when they complain about the cross-border tax strategies of Apple and other multinationals. But "hypocrisy is the tribute vice pays to virtue". It’s high time that companies admit taxes on profit are fair payments for the help that governments give them. Commentary
Thanks, Greece
The euro zone crisis has been a piece of luck for Britain. Thanks to the Greeks, the euro turned into a crisis currency rather than a safe haven, and the pound came to look more and more like one of the less risky options. Commentary
UK should get on front foot with City
Britain has been playing a defensive game in response to the barrage of misguided financial rules from Brussels. It now needs to sell the City as part of the solution to Europe's problems. The opportunity is huge. Commentary
Mayer puts exclamation mark back in Yahoo
Marissa Mayer's $1.1 billion deal to buy blogging site Tumblr bolsters the website’s firepower in the mobile arms race. It’s the latest sign that Mayer has the backing of her board and shareholders to take risks. In less than a year, she has turned Yahoo from a purple joke to part of the buzz. Commentary
Goldman trumps HSBC in financial Chinese chequers
Selling its final stake in lender ICBC leaves Goldman Sachs with an annual return on its investment of around 36 percent. HSBC, which just sold out of insurer Ping An after ten years, notched up a lesser 23 percent. The reason: the UK lender put strategic value before profit. Commentary
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Markets too sanguine on QE threat
The bursting of the gold bubble is just a harbinger of how vulnerable markets are to a tapering of quantitative easing, says Breakingviews. Other asset classes are also at risk. Video
Texas fire-fighters left unprepared
WEST, Texas - The fertilizer-plant explosion that killed 14 and injured about 200 others in Texas last month highlights the failings of a U.S. federal law intended to save lives during chemical accidents, a Reuters investigation has found. Full Article
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