China’s strong second-quarter GDP growth paves way for deeper reforms
BEIJING (Reuters) – China’s economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to tackle big economic challenges ahead of key leadership cha…
Oil edges above $49 on U.S. drilling slowdown
LONDON (Reuters) – Oil rose above $49 a barrel on Monday as a slowdown in the growth of rigs drilling in the United States eased concern that surging shale supplies will undermine OPEC-led cuts.
China bulls keep stocks near record high
LONDON (Reuters) – Strong data from China kept world shares near a record high on Monday, sent copper to a 4-1/2 month peak and left emerging market stocks buyers cheering a near five percent gain in the last five days.
Whirlpool could gain 35 percent in the next year: Barron’s
(Reuters) – Home appliance maker Whirlpool is a bargain at $192 a share and could jump as much as 35 percent to $260 a share in the next year, according to a fund manager who owns the company’s shares, Barron’s reported.
Former $2 billion private equity fund now nearly worthless: WSJ
(Reuters) – Wells Fargo and a number of other lenders are negotiating to take control of a hedge fund previously valued at more than $2 billion that is now worth close to nothing, according to a report from the Wall Street Journal.
Wells Fargo to reduce businesses following fake account scandal: FT
(Reuters) – Wells Fargo is poised to eliminate a number of its smaller businesses, the company’s chief financial officer said in an article published Sunday.
Doha mall’s $1 billion-plus loan refinancing frozen amid Qatar boycott: sources
DUBAI/DOHA (Reuters) – The refinancing of a $1 billion loan by Doha Festival City, a retail and hospitality complex in Qatar, has been indefinitely postponed as a diplomatic crisis deters regional banks from doing new Qatari business, bankers said.
Unilever vies with Hormel to buy Reckitt food unit: Sunday Times
LONDON (Reuters) – Anglo-Dutch conglomerate Unilever is vying with U.S. canned meat producer Hormel Foods Corp to buy the foods division of British consumer goods maker Reckitt Benckiser, the Sunday Times newspaper reported, citing sources.
Ex-Wells Fargo trader wins appeal in SEC insider trading case
(Reuters) – The U.S. Securities and Exchange Commission has affirmed the dismissal of an administrative case against a former Wells Fargo & Co trader after two commissioners split on whether the evidence proved he engaged in insider trading.
Carlyle to buy airfield lighting group ADB Safegate: sources
LONDON/FRANKFURT (Reuters) – Buyout group Carlyle has agreed to buy airfield lighting group ADB Safegate at a valuation of about 900 million euros ($1 billion) including debt, sources familiar with the matter said.
