Disappointing China July imports suggest cooling domestic demand
BEIJING (Reuters) – China’s exports and imports fell more than expected in July in a rocky start to the third quarter, pointing to further weakness in global demand in the aftermath of Britain’s decision to leave the European Union.
Russia sees no grounds for new talks on oil output freeze yet
MOSCOW (Reuters) – Russia, the world’s top oil producer, sees no grounds for new talks on freezing oil production yet but is open to negotiations, Energy Minister Alexander Novak said on Monday.
Gawker, Hulk Hogan in settlement talks over privacy case: WSJ
(Reuters) – Gawker Media Group is engaged in preliminary talks with the former professional wrestler Hulk Hogan to reach a settlement over a $140 million court judgment that led the company to file for bankruptcy protection, the Wall Street Journal rep…
UK opens corruption probe into Airbus jet sales
PARIS (Reuters) – Britain’s Serious Fraud Office has launched a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus, parent company Airbus Group said on Sunday.
U.S. finds unapproved emissions software in VW Audi engines: Bild am Sonntag
FRANKFURT (Reuters) – U.S. authorities have found three unapproved software programs in 3.0 liter diesel engines made by Volkswagen’s Audi unit, German weekly Bild am Sonntag reported, without saying where it had obtained the information.
Monte dei Paschi woes add up to large fees for investment banks
LONDON (Reuters) – Italy’s troubled lenders are offering lucrative opportunities for investment banks, with Monte dei Paschi di Siena set to pay some of the highest fees in Europe this year to arrange its high stakes rescue plan.
Wall Street Week Ahead: Again at highs, stocks to take cues from consumer
NEW YORK (Reuters) – A U.S. stock market that rose again to record highs on Friday on the back of a robust employment report will take its cues next week from a facet of the economy that also has shown signs of strength: the consumer.
Lower Saxony has no plans to sue VW over emissions scandal: Welt am Sonntag
FRANKFURT (Reuters) – The German state of Lower Saxony, Volkswagen’s second-largest shareholder, has no plans to sue the carmaker for damages caused by its emissions-test cheating scandal, its prime minister, Stephan Weil, told a German weekly.
Bitfinex exchange customers to get 36 percent haircut, debt token
HONG KONG (Reuters) – Crypto-currency exchange Bitfinex, which lost $72 million to hackers last week, told customers on Sunday they would lose just over 36 percent of the assets they had on the platform but would be compensated for these losses with to…
Growth snapshots ahead in world awash with cheap money
LONDON (Reuters) – Bumper July jobs data from the United States have again begun to stoke expectations of a September rate hike from the Federal Reserve, just when other major central banks around the globe are unleashing ever-looser policy.
