Asian shares hit one-year peak as chances of U.S. rate hike recede
TOKYO (Reuters) – Asian shares hit a one-year high on Monday after disappointing U.S. economic growth data reduced expectations that the U.S. Federal Reserve will raise interest rates in the next few months.
Japan July factory activity shrinks for fifth month but at slower pace, export orders slump: PMI
TOKYO, Aug 1 (Reuters) – – Japanese manufacturing activity shrank in July at a slower pace than the previous month but new export orders contracted the fastest in more than 3-1/2 years, a private survey showed on Monday, in an indication that recent ye…
Vivendi says Mediaset not essential to its Italy strategy
PARIS (Reuters) – Ties between Vivendi and Italy’s Mediaset are not “broken” but nor are they essential to the French media group’s strategy as it could find other Italian partners, its chief executive told Les Echos newspaper.
Uber to invest $500 million in global mapping project: FT
NEW YORK (Reuters) – Ride-hailing service Uber [UBER.UL] has decided to invest $500 million into an ambitious global mapping project to wean itself off dependence on Google Maps and pave the way for driverless cars, the Financial Times reported on Sund…
Monte dei Paschi’s last-ditch rescue plan faces high hurdles
MILAN (Reuters) – With the ink barely dry on its bailout plan, Italian bank Monte dei Paschi di Siena faces a Herculean task convincing investors to back a third recapitalization in as many years and avert a banking crisis that would send shockwaves a…
Volkswagen executive ordered to pay back expenses for private party-report
FRANKFURT (Reuters) – The head of Volkswagen’s luxury unit Audi has been ordered to reimburse the car maker for the costs of a party that the car maker had initially paid for, a German weekly reported.
German authorities clear Opel diesel engines: report
FRANKFURT (Reuters) – Germany’s Federal Office for Motor Vehicles has approved diesel engines of General Motors’ Opel unit, after initial doubts about whether the engine control software was permissible, weekly Bild am Sonntag reported.
Helicopter money talk takes flight as Bank of Japan runs out of runway
TOKYO (Reuters) – The Bank of Japan’s review of its monetary stimulus program promised for September has revived expectations it could adopt some form of “helicopter money”, printing money for government spending to spur inflation.
Chinese consortium agrees to $4.4 billion deal for Caesars online games
(Reuters) – A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc’s online games unit for…
‘Sell everything,’ DoubleLine’s Gundlach says
NEW YORK (Reuters) – Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks.
