Business Today: Stronger U.S. data spurs world shares, yen falls

		Click to View in Browser 11/28/2013 Stronger U.S. data spurs world shares, yen falls LONDON (Reuters) - World shares rose toward six-year highs on Thursday and the yen languished at fresh lows against the euro and dollar after sentiment was boosted by a batch of strong U.S. economic data. Bank of England cuts mortgage support to avoid housing bubble LONDON (Reuters) - The Bank of England moved to head off the risk of a bubble in house prices on Thursday, making a surprise announcement that it would put the brakes on a scheme launched last year to boost mortgage lending. Exclusive: UBS shrinks corporate advisory team for rich in emerging markets ZURICH/DUBAI (Reuters) - Swiss lender UBS is scaling back corporate advisory and investment banking services for ultra-rich clients in some key emerging market countries to reduce overlaps with other departments, three sources familiar with the plan said. Euro zone loans contraction increases pressure on ECB FRANKFURT (Reuters) - A contraction in loans to households and companies in the euro zone quickened in October, piling pressure on the European Central Bank to do more to buoy the euro zone's weak recovery. Thousands of EADS workers in Germany protest against restructuring HAMBURG/MANCHING, Germany (Reuters) - More than 20,000 workers from EADS in Germany took to the streets on Thursday to protest against the European aerospace company's restructuring plans which they fear could cost thousands of jobs. German utility E.ON plans sale of Italian business FRANKFURT/MILAN (Reuters) - Germany utility E.ON has started preparations for the sale of its Italian business and will soon begin the search for a buyer, four people familiar with the matter said, at a price likely to be about 3 billion euros ($4 billion). German unemployment climbs to highest level since April 2011 BERLIN (Reuters) - German unemployment rose to its highest level in two-and-a-half years in November, new data showed, a day after Chancellor Angela Merkel unveiled coalition plans that row back on decade-old reforms credited with rejuvenating the labor market. Delek Group third-quarter net slips 25 percent after U.S. unit loss, tax expense JERUSALEM (Reuters) - Israeli conglomerate Delek Group reported a 25 percent drop in quarterly net profit due to a loss in its U.S. fuel sector operations and a one-time tax expense. Thomas Cook ramps up targets as overhaul yields profit leap LONDON (Reuters) - Thomas Cook raised its revenue and cost-cutting targets in the latest stage of a profit-boosting turnaround at the world's oldest travel firm, sending its shares to a near three-year high. Eyeing holiday sales, more U.S. retailers to open on Thanksgiving (Reuters) - Macy's Inc and a slew of other U.S. retailers are opening on Thanksgiving for the first time ever in a bare-knuckled brawl for a bigger slice of overall holiday sales. Related Video Sports Spread: Under fire AVB faces test of champions Reuters on the Road: Empowering ecommerce Economic News U.S. jobs picture improving, manufacturing may be slowing Consumer sentiment rises in November on improved economic outlook A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend