Britain to launch public sale of Lloyds shares; RBS later: paper
LONDON (Reuters) – British finance minister George Osborne will launch the early sale to the public of shares in bailed-out lender Lloyds Banking Group , the Sunday Times reported without citing sources.
China’s economy stumbles in May, growth seen sliding in Q2
BEIJING (Reuters) – Risks are rising that China’s economic growth will slide further in the second quarter after weekend data showed unexpected weakness in May trade and domestic activity struggling to pick up.
Insight: Big debts loom over Thai tycoons’ bold bets
SINGAPORE/BANGKOK (Reuters) – Two Thai business tycoons, one a politically connected Chinese speaker, the other the son of a street vendor, have spent $27 billion on acquisitions in the past year, mainly abroad – more than all Thai firms spent overseas…
Tangle of data puts policymaking on pause
LONDON (Reuters) – Financial markets have become convinced in the past two weeks that two years of one-way traffic from the developed world’s central banks on policy is coming to an end.
Royalty Pharma urges U.S. court to let Elan bid proceed
NEW YORK (Reuters) – Investment partnership Royalty Pharma on Sunday urged a federal court in New York to allow it to proceed with a potential $8 billion bid for Irish drug company Elan Corp.
Analysis: History may repeat itself for Mexico, Peru as Fed eyes exit
MEXICO CITY (Reuters) – Mexico and Peru’s popularity among foreign investors means they are among the emerging market economies most exposed to losses when the United States finally moves to take its foot off the monetary accelerator.
Exclusive: Smithfield deal may face state hurdles as Midwest laws eyed
(Reuters) – Decades-old laws barring foreign ownership of farmland in Iowa, Missouri and at least three other Midwest states may complicate Shuanghui International’s $4.7 billion planned purchase of U.S. pork powerhouse Smithfield Foods .
BSkyB to cut broadband fees as it enters BT price war: paper
LONDON (Reuters) – British satellite TV firm BSkyB will cut prices for its broadband packages in response to competition from BT’s new sports channels, the Sunday Telegraph reported.
Daimler to cut IT spending by 150 million euros each year: report
FRANKFURT (Reuters) – German car maker Daimler wants to cut spending on IT services by 150 million euros ($198.31 million) each year by the end of 2016, the company’s technology chief, Wilfried Porth, told German weekly Automobilwoche.
ECB says bond-buying program is unlimited
BERLIN (Reuters) – There is no limit to the European Central Bank’s (ECB) bond-buying program, a spokesman for the bank said on Sunday, denying a German newspaper report published in the run-up to a court hearing on the scheme.
