Hedge funds specializing in bets on mergers and acquisitions are starting to see investors withdraw funds, prompting them to take a more cautious approach after being caught out by more than 500 corporate deals globally failing this year.
Europe
Russians responding 'reasonably' to rouble slide: central bank governor
The Russian people are behaving "entirely reasonably" in their response to the falling rouble, central bank governor Elvira Nabiullina said in a television interview broadcast on Saturday.
Defying odds, comet lander phones home
The mission of the first robotic probe to land on a comet reached a high point on Friday when the spacecraft radioed back to Earth that it had successfully drilled into the comet's body.
Weekly Economic Recap: US Growth performance in line with projections; UK Growth and inflation forecasts lowered; Japan GDP data takes centre stage
The positive news on German and French GDP have calmed the fears over stagnating Eurozone economy. the International Monetary Fund said that growth performance is in line with projections in the United States and China. BoE Governor Carney lowered growth and inflation forecasts for UK. Japan's GDP data will be a very crucial factor in Prime Minister Abe’s decision on whether or not to increase the consumption tax from 8 percent to 10 percent.
IEA sees new era, no quick rebound in oil prices
The oil market has entered a new era with lower Chinese economic growth and booming U.S. shale output, making a return soon to high prices unlikely, the West's energy watchdog said on Friday.
Latest News
Germany's Fresenius Medical Care (FMEG.DE) said it agreed to take over Cogent Healthcare, a U.S. provider of specialist physicians to hospitals, as part of its drive to offer additional services linked to its core business of kidney dialysis.
A large group of professional forecasters cut their outlook for euro zone inflation and growth, underlining a trend that could prompt the European Central Bank to take more policy action to kick-start the region's flagging economy.
Ukraine will be forced to buy coal from Russia to get through the winter, a serious setback to the country's efforts to lessen energy dependence on its powerful neighbor, Ukrainian Energy Minister Yuri Prodan said on Wednesday.
British carrier Flybe Group (FLYB.L) will exit its Finnish joint venture with Finnair (FIA1S.HE) after the companies failed to agree on how to increase the unit's profitability, Finnair said on Wednesday.
South Africa will resume seafood exports to Russia for the first time in almost two decades as Moscow looks elsewhere for food sources following Western sanctions over Ukraine.
British and U.S. regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation of allegations of collusion and manipulation in the foreign exchange market.
Many Russians are buying dollars and hoarding cash, increasingly concerned by a slide in the rouble and wary of possible restrictions on bank withdrawals as President Vladimir Putin blames currency woes on speculators and the West.
Russia's central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said.
Ukraine's currency lost nearly 5 percent of its value on Monday after a weekend that saw the heaviest shelling in a month hit the main rebel stronghold in the east and signs that Moscow had dispatched troops and tanks to reinforce separatists.
