Saudi housing crisis tests Crown Prince’s reform drive
RIYADH (Reuters) – Saudi Arabia’s crown prince wants to build a mega-city with the latest robotics under his grand plan to reform the kingdom.
Asian stocks rebound, euro pulls off lows as anxiety over Italy recedes
TOKYO (Reuters) – Asian stocks rebounded from a two-month trough on Thursday and the euro enjoyed a respite after sinking to its lowest in 10 months as the political turmoil in Italy that roiled global financial markets showed signs of easing.
Airline profits this year unlikely at December forecast level: IATA chief
SYDNEY (Reuters) – Profits in the airline industry are unlikely to reach the record levels forecast in December due to a jump in fuel costs, the head of the world’s leading air transport group said on Thursday.
China says reserves right to retaliate to U.S. actions against its investments
BEIJING (Reuters) – The United States’ measures against China’s investments are against World Trade Organization rules, and China reserves the right to take countermeasures, the commerce ministry said on Thursday.
Asia stocks rebound, euro pulls off lows as Italy anxiety cools
TOKYO (Reuters) – Asian stocks rebounded from a two-month trough on Thursday, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy that had roiled global financial markets showed signs of easing.
Asia stocks bounce, euro pulls off lows as Italy anxiety ebbs
TOKYO (Reuters) – Asian stocks rebounded from a two-month trough on Thursday, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy that had roiled global financial markets showed signs of easing.
Oil prices dip on unexpected growth in U.S. crude stocks
SEOUL (Reuters) – Oil prices dropped on Thursday, weighed down by a surprise rise in U.S. crude inventories and by expectations that OPEC and other producers could increase output at a meeting in June.
Samsung Life sells $ 1 billion worth of shares in Samsung Electronics
SEOUL (Reuters) – Samsung Life Insurance Co Ltd said on Thursday it sold 1.12 trillion won ($1 billion) worth of its shares in Samsung Electronics Co Ltd.
Wall Street rebounds as Italy worries ease; energy shares soar
NEW YORK (Reuters) – U.S. stocks ended higher on Wednesday, and the S&P 500 and Dow registered their biggest daily percentage gains since May 4, on signs of easing political turmoil in Italy and as a surge in oil prices boosted energy stocks.
Bank of America CEO sees second-quarter markets revenue flat vs year earlier
NEW YORK (Reuters) – Bank of America Corp Chief Executive Brian Moynihan said second-quarter markets revenue from sales and trading will likely be flat compared with a year earlier, depending on what happens in June.
