U.S. justices agree to hear BG Group arbitration case
WASHINGTON (Reuters) – The Supreme Court on Monday agreed to hear British company BG Group Plc’s appeal over a $185.3 million arbitration award it won against Argentina that an appeals court later threw out.
Bill Gates buys into British security firm G4S
LONDON (Reuters) – Microsoft co-founder Bill Gates has increased his stake in G4S , the world’s biggest security firm, which is looking to bounce back from a blunder over its staffing of the London 2012 Olympics.
BNP may unite U.S. ops to meet new rules: source
PARIS (Reuters) – BNP Paribas may unite U.S. retail unit BancWest with its U.S. investment bank in a bid to offset the impact of proposed tougher rules for foreign banks in the United States, a source close to the bank said.
McDonald’s May sales rise 2.6 percent; shares up
(Reuters) – McDonald’s Corp said sales at its established restaurants around the world rose 2.6 percent in May as it expanded offerings for late-night breakfasts, tweaked other menus and benefited from advertising value-priced meals.
Solid growth lifts shares, dollar, China disappoints
LONDON (Reuters) – The dollar bounced higher against the yen and Japanese stocks led a rise in world shares on Monday as signs of economic momentum in the United States and Japan outweighed worries about a slowdown in China.
Insight: Threat of break-up looms over Mexican telecoms tycoon Slim
MEXICO CITY (Reuters) – As Mexico gets ready to unleash a battery of regulations to curb the power of telecoms mogul Carlos Slim, the government is sending clear signals that it will not shy away from breaking up his business if necessary.
Exclusive: Activist investor sends Alere letter calling for unit sales
NEW YORK (Reuters) – An activist investor who has been campaigning for change at Alere Inc sent the company a letter on Monday calling for the health diagnostics and services company to sell three of its businesses, which it believes can yield more tha…
Obama to name Furman as chief economist
WASHINGTON (Reuters) – President Barack Obama on Monday will nominate longtime adviser Jason Furman to be his new chief White House economist, an administration official said.
U.S., Japan leading recovery in major economies: OECD
PARIS (Reuters) – The major developed economies are gradually gaining momentum led by faster growth in Japan and the United States, the OECD said on Monday.
AirAsia X launches up to $370 million IPO amid fleet expansion
KUALA LUMPUR (Reuters) – Malaysian long-haul budget carrier AirAsia X launched an up to $370 million initial public offering on Monday, seeking funds for its fleet expansion as it targets buoyant travel demand in Asia-Pacific and looks to fend off regi…
