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Perfect Payrolls - Business News FeedCourtesy of Reuters.com EU's Barnier sees hedge, equity rules in few weeksCERNOBBIO, Italy (Reuters) - The European Union could agree in the next few weeks a law to regulate hedge funds and private equity operators, blamed by some for financial excesses, an EU commissioner said on Saturday. Read More ECB's Trichet urges European unity at IMFCERNOBBIO, Italy (Reuters) - Europe needs to agree common positions on international issues at the International Monetary Fund, European Central Bank President Jean-Claude Trichet said on Saturday. Read More Anglo Irish Bank to be "decommissioned" - ministerDUBLIN (Reuters) - Nationalised Anglo Irish Bank will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying. Read More G20 members agree economic recovery to continueGWANGJU, South Korea (Reuters) - G20 delegates agreed on Saturday global economic recovery would endure although the speed of expansion may slow, a South Korean official said. Read More Japan Noda warns on yen, suggests joint steps difficultTOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option. Read More ECB's Bini Smaghi says rates appropriateMILAN (Reuters) - Euro zone's current level of interest rates is appropriate for growth and inflation, European Central Bank Executive Board member Lorenzo Bini Smaghi said in an interview with Il Sole 24 Ore published on Saturday. Read More BP replaces failed blowout preventer on Gulf wellHOUSTON (Reuters) - BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response said. Read More China tells state companies to explore Potash bidTORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion (25 billion pound) bid for Potash Corp , a source with direct knowledge of the matter said. Read More Car insurance premiums jump 31 percent - AALONDON (Reuters) - The cost of car insurance has risen by almost a third in the past year, its biggest ever increase, as insurers seek to offset a sharp rise in claims expenses driven in part by fraud, AA Insurance said. Read More U.S. payrolls data offer ray of hope for recoveryWASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery. Read More Car insurance premiums jump 31 percentLONDON (Reuters) - The cost of car insurance has risen by almost a third in the past year, its biggest ever increase, as insurers seek to offset a sharp rise in claims expenses driven in part by fraud, AA Insurance said. Read More Stocks and commodities gain on labour market reportNEW YORK (Reuters) - Stocks jumped and commodities rose on Friday after data showing fewer U.S. job losses than expected reinforced other reports this week to ease fears the American economy is on the cusp of a new recession. Read More China tells state companies to explore Potash bidTORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp , a source with direct knowledge of the matter said. Read More BP says failed blowout preventer off Gulf wellHOUSTON (Reuters) - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said. Read More Poised for a risk rally?LONDON (Reuters) - With little fanfare, equity markets have started to rally, investors have become sated with government bonds and cash levels are high enough to prompt a search for better yield. Read More Montagu gears up for 2.3 billion eur new fund - sourcesLONDON (Reuters) - Private equity firm Montagu is gearing up to raise its next fund after filling investors' pockets with more than 1 billion euros (834 million pounds) over the last 18 months, sources familiar with the situation said. Read More U.S. jobs data lifts FTSE to 4-month closing highLONDON (Reuters) - Britain's leading share index hit a near four-month closing high on Friday after a better-than-expected U.S. jobs report eased concerns of the world's largest economy slipping back to another recession. Read More Swift Anglo Irish closure would be too costly - PMDUBLIN (Reuters) - Moving swiftly to wind up nationalised Anglo Irish Bank could cost 70 billion euros (58 billion pounds) or more and would not be in the taxpayers' interest, Prime Minister Brian Cowen said on Friday. Read More Euro zone July retail sales rise for third monthBRUSSELS (Reuters) - Euro zone retail sales increased for a third successive month in July, offering more signs that consumers are opening their wallets and boosting the chances of the economic recovery continuing. Read More August services PMI falls to 16-month lowLONDON (Reuters) - British service sector activity grew last month at its slowest pace since April 2009, with a marked fall in hiring as employers worried about an economic slowdown and public spending cuts, a survey showed on Friday. Read More Banks admit better disclosure on bonuses neededLONDON (Reuters) - Banks have acknowledged they need to be more open about the size of their bonus pools and the methodology for paying star bankers after making progress in other areas of reforming pay structures. Read More HSBC warns bank break-up could force exodusLONDON (Reuters) - HSBC Holdings , Europe's biggest bank, warned that Britain's big banks could move overseas if a government review decides that lenders should be broken up. Read More Metro Bank ahead of targets on new accountsLONDON (Reuters) - Metro Bank, Britain's first new high street retail bank in more than 100 years, said on Friday it was ahead of its own targets for new account openings at its flagship branch. Read More Emerging markets must embrace new bank rules - WellinkSEOUL (Reuters) - The head of the Basel Committee on Banking Supervision urged emerging market economies on Friday to adopt news rules on bank capital even though they may feel they have sufficient regulatory arrangements in place. Read More John Lewis shoppers shrug off austerity fearsLONDON (Reuters) - Customers of John Lewis are showing few signs of reining in spending in the face of prospective tax rises and employment uncertainty with the firm posting another week of double digit sales growth. Read More |

