China trade data underscores growth worries
BEIJING (Reuters) – China’s exports posted their lowest growth rate in almost a year in May while imports unexpectedly fell, government data showed on Saturday, underlining concerns that growth in the world’s second-largest economy could slow anew in t…
Fiat could look for new China partner for Jeep: CEO
VENICE, Italy (Reuters) – Italian carmaker Fiat could look for a new China partner to help it manufacture Chrysler’s Jeep brand in the world’s largest car market in 2014, said Fiat Chief Executive Sergio Marchionne on Saturday.
Warren Buffett’s Berkshire eying Unipol insurance assets: report
MILAN (Reuters) – Warren Buffett’s Berkshire Hathaway Inc is interested in buying assets that Italian insurer Unipol must sell as part of a merger with peer Fondiaria-SAI , business daily Il Sole 24 Ore said on Saturday.
Mexico says it may suspend U.S. trade preferences over meat labels
MEXICO CITY (Reuters) – Mexico’s Economy Ministry said on Friday it was considering suspending preferential trade tariffs with the United States for a variety of products in a simmering dispute over meat labeling.
Most economists see Fed scaling back bond buys by year-end: Reuters poll
NEW YORK (Reuters) – Most economists expect the Federal Reserve to scale back the size of its bond purchases, intended to prop up the economy, by the end of the year, and a sizeable number expect reduced buying as early as September, according to a Reu…
‘Just right’ jobs data could help equities
NEW YORK (Reuters) – The U.S. May jobs report came in just right for investors – neither too weak nor too strong to rock the boat – but market participants are now questioning what’s next for stocks.
Exclusive: SoftBank eyes T-Mobile US as ‘Plan B’
(Reuters) – SoftBank Corp is in talks with Deutsche Telekom AG over a possible deal for T-Mobile US Inc , as the Japanese company looks for alternatives to enter the U.S. wireless market if its deal with Sprint Nextel Corp falls apart, three sources fa…
Vodafone says paid no UK corporation tax in two years
LONDON (Reuters) – Vodafone Group Plc said it paid no corporation tax in Britain for the year to March 2013, prompting fresh criticism from campaigners who have made the UK mobile telephone group a target in the debate on corporate tax payments.
Wall St. rallies after U.S. jobs data, ends up for week
NEW YORK (Reuters) – The Dow shot up more than 200 points, scoring its best day since January 2, and the S&P 500 ended a two-week losing streak on Friday after U.S. jobs data eased investors’ worries that the Federal Reserve may be reducing its stimulus program in the near future.
Fed’s Plosser says jobs report another reason to trim QE3
PHILADELPHIA (Reuters) – The latest jobs report on Friday showed that government spending cuts have so far not been as damaging as some feared, Philadelphia Fed President Charles Plosser said, adding it only entrenched his opinion that the Federal Rese…
