Staples forecasts fifteenth straight quarterly sales decline
(Reuters) – Staples Inc , the biggest U.S. office supplies retailer, forecast its 15th straight quarter of declining sales as it closes stores in the face of intensifying competition.
Russian court turns down appeal from Google in anti-monopoly case
MOSCOW (Reuters) – A Russian court on Wednesday turned down an appeal from Google in an anti-monopoly case over pre-installed applications on mobile devices running the Android operating system, Interfax news agency reported.
U.S. mortgage demand to buy homes hits six-month low: MBA
NEW YORK (Reuters) – Weekly applications for U.S. mortgages to buy homes slipped to a six-month low even as interest rates on fixed-rate home loans fell, according to data from an industry group released on Wednesday.
De Beers stakes its reputation on spotting the difference
MAIDENHEAD, England (Reuters) – In nature it takes billions of years to produce a diamond, or a laboratory can grow one in days and to the untrained eye, it looks the same.
Special Report: Not so SWIFT – Bank messaging system slow to address weak points
LA HULPE, Belgium (Reuters) – More than a dozen current and former board directors and senior managers of SWIFT, the bank messaging system that helps transmit billions of dollars around the world every day, have told Reuters the organization for years suspected there were weaknesses in the way smaller banks used its messaging terminals – but did not address such vulnerabilities.
Carlyle to focus Asia real estate investment on China logistics
HONG KONG (Reuters) – Private equity firm Carlyle Group LP will focus its Asia real estate investments on logistics and office projects in China, optimistic that the country’s e-commerce boom will drive growth in those sectors despite a slowing econom…
Dollar turns defense into attack ahead of Fed minutes
LONDON (Reuters) – Revived bets on U.S. interest rate rises this year saw the dollar turn defense into attack on Wednesday and halted a red-hot run for oil prices and emerging markets.
L&G kicks off U.S. infrastructure push with university deal
LONDON (Reuters) – British insurer Legal & General has agreed its first infrastructure deal in the United States, investing around $100 million to help the University of California, Merced, expand its campus.
Investors cool on Hong Kong stock market link with ‘Wild West’ Shenzhen
HONG KONG (Reuters) – A plan to connect the giant stock markets of Shenzhen and Hong Kong offers global investors tempting access to China’s fast-growing tech sector, but high valuations and a reputation for wild speculation are likely to keep many buy…
Wynn calls Macau’s bluff with new $4 billion resort
MACAU (Reuters) – U.S. casino tycoon Steve Wynn’s newest pleasure palace in Macau boasts massive dancing fountains but the Chinese territory is anything but bubbly as it prepares to welcome the $4 billion resort to its struggling glitter strip next wee…
