Israeli court ruling marks new phase in IDB ownership battle
TEL AVIV (Reuters) – A Tel Aviv court set a late August deadline on Sunday for indebted Israeli conglomerate IDB Holding to sell its stake in an insurance firm, giving its chairman some breathing space in a bitter ownership battle.
Cinven, Finmeccanica draw at least 5 offers for Avio Spazio: report
MILAN (Reuters) – Italian defense group Finmeccanica and private equity fund Cinven will get at least five offers for satellite propulsion system unit Avio Spazio, business daily Il Sole 24 Ore said on Sunday.
Mobile gaming still eludes a troubled industry
SAN FRANCISCO (Reuters) – To get a sense of how investors view the promise of mobile gaming, one need look no further than Japan’s GungHo Online Entertainment. With just one game under its belt, its stock has risen tenfold since October and its market …
China data highlights weak economy, remedies in focus
BEIJING (Reuters) – China’s growth could slow further after data released on Sunday showed subdued activity right across the economy in May in the face of sustained global weakness, raising the possibility of interest rate cuts.
Bangladesh garment sales soar despite deadly incidents
DHAKA (Reuters) – Bangladesh’s exports rose 15.43 percent in May to $2.54 billion from a year earlier thanks to stronger clothing sales, the Export Promotion Bureau said on Sunday, even as the country reviews safety standards at factories after two dea…
China May factory output up 9.2 percent year-on-year, meets forecast
BEIJING (Reuters) – China’s industrial output grew 9.2 percent in May and retail sales rose 12.9 percent, in line with market expectations but little changed from the previous month’s growth, adding to evidence of a lack of traction in the world’s seco…
Nuclear plant shutdown to increase California’s reliance on natural gas
NEW YORK (Reuters) – California’s growing reliance on natural gas to fuel its power plants will increase and power prices will remain elevated following Southern California Edison’s decision to retire a crippled nuclear power plant.
Japan PM Abe unveils plan for tax cuts to boost capex
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Sunday the government would decide on tax cuts in autumn to encourage companies to boost capital expenditure as part of sweeping reforms to revive the economy from nearly two decades of stagn…
UK lawmakers meet to thrash out bank reforms
LONDON (Reuters) – New proposals to improve standards and culture within UK banks will be thrashed out by British lawmakers in important meetings next week which could shape the industry for years to come.
U.S. court dismisses Bloomberg suit against swaps regulator
WASHINGTON (Reuters) – The top U.S. derivatives regulator won a legal victory over Bloomberg LP late on Friday, when a court dismissed a case the data vendor had filed that claimed a new rule on trading swaps would hurt its business.
