U.S. homes sales fall to 11-month low; jobless claims up slightly
WASHINGTON (Reuters) – U.S. home resales unexpectedly fell in July to an 11-month low as a chronic shortage of properties boosted prices, the latest sign that the housing market recovery was slowing.
China Life and Baidu to launch $1 billion internet fund
BEIJING (Reuters) – China Life Insurance Group Co and Baidu Inc will form a 7 billion yuan ($1 billion) private equity fund, targeting internet and other technology investments, China Life’s listed arm said on Thursday.
Lufthansa offers low hundred-mln-euro sum for Air Berlin assets – source
FRANKFURT (Reuters) – Lufthansa’s proposal for the carve-up of Air Berlin would see it taking over the insolvent carrier’s Austria-based leisure airline Niki and other planes, a source familiar with the negotiations said on Thursday.
Wall Street edges lower with Jackson Hole meeting in focus
(Reuters) – U.S. stocks dipped on Thursday as political uncertainty in Washington kept investors cautious ahead of comments on monetary policy from central bankers gathered for their annual meeting in Jackson Hole, Wyoming.
U.S. retailers hit as immigration worries weigh on Hispanic spending
CHICAGO (Reuters) – Many U.S. Hispanics are venturing out only to buy essential goods and are cutting back on discretionary spending, worried about possible harassment by immigration or law enforcement officials since the election of U.S. President Don…
Saudis may seek funding in Chinese yuan
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia is willing to consider funding itself partly in Chinese yuan, a senior Saudi official said on Thursday, raising the possibility of closer financial ties between the two countries.
Sears posts second-quarter loss on fewer store visits
(Reuters) – Struggling U.S. retailer Sears Holdings Corp reported a quarterly loss on Thursday as fewer customers visited its stores and as the company offered more discounts amid intense industry competition.
Western Digital group to offer $17.4 billion for Toshiba chip unit: sources
TOKYO (Reuters) – A consortium that includes Western Digital is offering 1.9 trillion yen ($17.4 billion) for Toshiba Corp’s memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its U.S. nuclear business, sourc…
Regulator, Airbus issue software fix for A350 on explosion risk
BERLIN (Reuters) – European aviation safety authorities have issued an emergency directive for operators of the Airbus A350-900 long-haul aircraft to upload a software fix to prevent potential overheating of the hydraulic system and a risk of explosio…
Exclusive: In China, the Party’s push for influence inside foreign firms stirs fears
BEIJING (Reuters) – Late last month, executives from more than a dozen top European companies in China met in Beijing to discuss their concerns about the growing role of the ruling Communist Party in the local operations of foreign firms, according to …
