Newsletter BOX: Daily Investor Briefing: ECB, BoE easing signals send shares...

07/4/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

ECB, BoE easing signals send shares and bonds higher

LONDON (Reuters) - Clear signals of looser policy ahead from central banks in the UK and Europe on Thursday sent the euro to a five-week low, lifted bond prices and gave a boost to share markets.

ECB, abandoning tradition, commits to record low rates

FRANKFURT (Reuters) - The European Central Bank broke with precedent by declaring it would keep interest rates at record lows for an extended period and may yet cut further, responding to turbulence caused by the U.S. Federal Reserve's exit plan from money-printing.

Portugal PM says found formula for government stability

LISBON (Reuters) - Portugal's prime minister has found a way to maintain government stability with the junior partner in the ruling coalition, but the full details still need to be agreed to end a political crisis that has threatened Lisbon's adjustment under a bailout.

Rolls-Royce says U.S. lawsuit 'without merit'

LONDON (Reuters) - British aero engine maker Rolls-Royce Holdings Plc said it was confident a lawsuit brought against it by two former employees would be found to be without merit.

Emerging markets mania was a costly mistake: Goldman executive

LONDON (Reuters) - Investors who wrongly called time on U.S. economic supremacy during the financial crisis are set to pay a hefty price for betting too much on the developing world, according to a top Goldman Sachs strategist.

Exclusive: BlueCrest's BlueTrend hedge fund slumps 16.9 percent

LONDON (Reuters) - BlueCrest Capital Management's BlueTrend fund, one of the world's biggest computer-driven hedge funds, has suffered one of its worst ever peak-to-trough losses over the past six weeks.

Batista exit from MPX begins breakup of EBX empire

SAO PAULO/RIO DE JANEIRO (Reuters) - Brazilian billionaire Eike Batista's EBX Group, a once high-flying industrial conglomerate, began breaking up on Thursday, the latest victim of a decade-long commodities boom that has come to a screeching halt.

Fiat puts faith in retro-style 500 model with new seven seater

MILAN (Reuters) - Italian car maker Fiat SpA unveiled a seven-seat version of its retro-style 500 model on Thursday, hoping to tap into demand for higher-end cars and stem losses from Europe's moribund mass-market.

Ex-trader Kerviel rebuffed by Paris employment tribunal

PARIS (Reuters) - A Paris employment tribunal on Thursday rejected former Societe Generale trader Jerome Kerviel's plea for a new expert inquiry to help overturn his dismissal in France's biggest-ever trading scandal in 2008.

ICAP executive seen linked to LIBOR scandal: Wall Street Journal

LONDON (Reuters) - A senior executive at British brokerage firm ICAP PLC knew of an arrangement with UBS AG that U.S. and British regulators allege was part of a scheme to manipulate benchmark interest rates, according to the Wall Street Journal, which cited sources familiar with the matter.