Bullard agnostic on timing of Fed hike; cites tech stocks: CNBC
(Reuters) – The Federal Reserve could hike U.S. interest rates this year, St. Louis Fed President James Bullard said on Friday, noting the central bank would have to watch out for risky financial bubbles emerging in technology stocks and elsewhere in t…
Takata shortlists Daicel, KKR, Ningbo, others in rescue search: sources
TOKYO (Reuters) – Takata Corp has shortlisted six or seven companies, including a competitor and private-equity funds, as potential financial investors to bail out the Japanese car-parts maker, people involved in the process said.
Global equities set 2-week low before Yellen speech, dollar dips
LONDON (Reuters) – Global shares slipped to a two-week low and the dollar edged down on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates.
Monte dei Paschi chairman says talks of CEO replacement are groundless
MILAN (Reuters) – The chief executive of Banca Monte dei Paschi di Siena Fabrizio Viola has the full backing of the lender’s chairman and reports he will be replaced are groundless, the bank’s chairman said on Friday.
Dirty laundry: Welspun tangle highlights India’s quality challenge
MUMBAI (Reuters) – Questions over the exact provenance of bedsheets sold by Welspun India to America’s middle classes have not only wiped $740 million off the firm’s market value, but also revived one of Indian manufacturing’s enduring headaches: quali…
Apple fixes security flaw after UAE dissident’s iPhone targeted
SAN FRANCISCO (Reuters) – Apple Inc issued a patch on Thursday to fix a dangerous security flaw in iPhones and iPads after researchers discovered that a prominent United Arab Emirates dissident’s phone had been targeted with a previously unknown method…
Economists see ride-hailing industry as ripe for competition
SAN FRANCISCO (Reuters) – Chinese powerhouse Didi Chuxing’s acquisition of Uber Technologies Inc’s China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all…
Mediaset shares lower as Vivendi spat sours
MILAN (Reuters) – Shares in Mediaset were lower in early trade after a war of words with France’s Vivendi over the sale of the Italian broadcaster’s pay TV unit escalated.
Taiwan’s CTBC Financial, China CITIC Bank cancel deals
TAIPEI/BEIJING (Reuters) – CTBC Financial Holdings , parent of Taiwan’s top credit card issuer, and Chinese state-backed lender China CITIC Bank Corp have canceled investments in each other amid fresh cross-strait political tensions.
India’s Infosys says seeing client-specific softness after Brexit
NEW DELHI (Reuters) – Indian IT services provider Infosys Ltd is seeing some ‘softness’ in clients after Britain voted in June to leave the European Union, a top company executive said during an analyst meet on Friday.
