Watchdog tells banks to raise another £13 billion
Britain's banks will have to raise 13 billion pounds of extra capital and meet new a new cap on lending ahead of international peers as the Bank of England seeks to curb risk in the financial sector. Full Article
Rebound in UK retail sales signals solid second quarter
LONDON - Retail sales bounced back much more than expected in May, adding to evidence of accelerating economic growth in the second quarter and easing some of the pressure on the central bank to boost the economy.
Euro zone business slump eases
The euro zone's private sector slump has eased more than expected this month, business surveys show, but a continued slide in new orders suggests a full recovery is still some way off. Full Article
Fed likely to reduce bond buying this year
WASHINGTON - Federal Reserve Chairman Ben Bernanke says the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. Full Article | Analyst Views
India sets up system to tap phone calls, e-mail
NEW DELHI - India has launched a wide-ranging surveillance programme that will give its security agencies and even income tax officials the ability to tap directly into e-mails and phone calls without oversight by courts or parliament, several sources say. Full Article
France tells Google to change privacy policy
PARIS - France's data protection watchdog orders Google to change its privacy policy or face fines, leading a Europe-wide push to get the Internet giant to clarify its intentions and methods for collecting user data. Full Article
Orders top $100 billion at Paris Airshow
PARIS - Orders at the Paris Airshow surpassed $100 billion, as rivals Boeing and Airbus cash in on demand for fuel-efficient jets. Ryanair finalises an order for 175 Boeing 737-800 aircraft worth around $15.6 billion at list prices. Full Article | Video
"Sopranos" star James Gandolfini dies
LOS ANGELES - James Gandolfini, the burly actor best known for his Emmy-winning portrayal of a conflicted New Jersey mob boss in the groundbreaking TV series "The Sopranos", has died at the age of 51. Full Article | Video
Reuters Breakingviews: Fear of Fed
June 20 - The Fed hasn't yet slowed down the QE cashflow, but it has changed the emotional tone. Forget the old risk-on, risk-off dichotomy, it's all about wild flight now.
Latest Headlines
Cameron takes on the tax havens
There is nothing more likely to spark anger than an unfair tax regime. That puts David Cameron, who like most conservatives believes in low taxes, in a bind. Commentary
The new Iranian president’s restrained power
Hassan Rohani's election is a reset: direct bilateral discussions with the U.S. are now quite likely. The sanctions coalition will find it much harder to hold firm when faced with an Iranian president on a charm offensive instead of one who is easy to hate. Commentary
Trusting in our new security state
To adapt to our new surveillance status quo we have to trust the state, the government, the politicians, the businesses, the bureaucracies, the police, the security forces, the journalists and, yes, ourselves. Commentary
Rate rigging costs more than money
In cash terms, the manipulation of supposedly objective reference rates and prices is a petty crime: relatively small gains for a few and microscopic losses for many. Ethically, though, the tolerance of untrustworthy behaviour makes the industry look particularly bad. Commentary
Economic worries and the global elite
Here’s one sign the global elite is starting to get worried that capitalism isn’t working for the Western middle class. At the TED Global gathering in Edinburgh this week, much of the spotlight was on what’s going wrong with the 21st-century economy. Commentary
Turkey’s economy is vulnerable
PM Tayyip Erdogan’s harsh actions against protestors could backfire economically. Turkey depends on foreign investors to fund its big current account deficit. If they turn tail, interest rates will rise, hurting the economy and undermining one of Erdogan’s sources of popularity. Commentary
Syria Islamists govern with guile, guns
RAQQA, Syria - An important shift is underway in rebel-held Syria. Using a mix of intimidation and organisation, alliances of Islamist brigades are filling the vacuum in areas where Assad's army has withdrawn and more secular rebels have failed to provide order. Full Article | Read in PDF
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Fear of Fed: wild flight the new worry
The U.S. Federal Reserve hasn't yet slowed down the QE cashflow, but it has changed the emotional tone. Forget the old risk-on, risk-off dichotomy, it's all about a wild flight now. Video
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