The ‘what if’ spooking markets: policy success
LONDON (Reuters) – Voter rebellions? A protectionist wave? Looming recession? Islamic militancy? Perhaps the biggest shock to world markets now would be if central banks met their inflation goals.
Big investors pare energy junk bond holdings after big rally
NEW YORK (Reuters) – Investors in junk-rated energy bonds, who have made a mint this year betting on this battered sector, are paring their holdings as oil flirts with sub-$40-a-barrel levels on concerns about a persistent overhang in supply and choppy…
China’s robotics rush shows how its debt can get out of control
WUHU, China (Reuters) – Down a side street bracketed by massage parlors and cheap hotels in this city on the banks of the Yangtze river, a humanoid food service robot trundles around the corner of a table in a cafe, red eyes flashing in tune with synth…
Exclusive: Delta’s refinery sacrifices profits for lower fuel cost – memo
NEW YORK (Reuters) – Delta Air Lines Inc is flooding the New York market with jet fuel from its refinery, sacrificing refining profits in order to lower the carrier’s fuel costs, according to a company memo seen by Reuters.
Judge refuses bonuses for executives at bankrupt Sports Authority
WILMINGTON, Del. (Reuters) – A U.S. bankruptcy judge refused on Tuesday to allow Sports Authority to pay up to $2.85 million in bonuses to four executives for overseeing the winding down of the national sporting goods chain.
Volkswagen says China car market growth to slow in second half
BEIJING (Reuters) – Volkswagen AG’s China head said the country’s overall passenger car market would see slower growth in the second half of 2016, while the potential expiry of tax breaks on small engine cars could hit the firm’s sales next year.
Toyota to delay global Prius launch to winter from autumn
TOKYO (Reuters) – Toyota Motor Corp said on Wednesday that it would delay the global launch of its plug-in Prius gasoline hybrid model to winter, from an initial schedule of autumn.
Pokemon Go creator wants more tie ups like McDonald’s Japan
RANCHO PALOS VERDES, California (Reuters) – The creator of mobile gaming phenomenon Pokemon Go is exploring more sponsorships by companies that want to attract character-hunting players to their businesses, the chief executive of developer Niantic Labs…
China July service sector growth eases, employment falls for first time in four months: Caixin PMI
BEIJING, Aug 3 (Reuters) – – Growth in China’s services sector cooled in July, with weaker expansions in activity and new work prompting companies to shed staff for first time in four months as they looked to cut costs, a private survey showed on Wedne…
GM and Ford U.S. sales miss mark but industry strong overall
DETROIT (Reuters) – The biggest U.S. automakers, General Motors Co and Ford Motor Co , reported July U.S. sales that disappointed Wall Street on Tuesday but results were strong overall for the industry despite fears its long growth spurt may soon be o…
