DoubleLine’s Gundlach: gold remains best investment in ‘shaky’ world
NEW YORK (Reuters) – Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Wednesday that gold remains the best investment amid fears of instability in the European Union and prolonged global stagnation, as well as concerns over the effe…
P&G being investigated by Italian authorities : Bloomberg
(Reuters) – Italian authorities are investigating whether Procter & Gamble Co routed revenue through its Swiss and other units to avoid paying taxes in the country, Bloomberg reported.
CFTC fines Barclays $560,000 for inaccurate swaps position reports
(Reuters) – The U.S. Commodity Futures Trading Commission ordered Barclays Plc to pay $560,000 (£433,433) on Wednesday, saying the bank failed to submit accurate reports on large traders’ positions for physical commodities swaps.
Verizon raises wireless plan rates, offers more data
NEW YORK (Reuters) – Verizon Communications Inc , the No. 1 U.S. wireless provider, said on Wednesday that it would increase plan rates but expand data buckets by 30 percent for its customers, who increasingly stream content through mobile devices.
Volkswagen recalls 5,900 gas-powered Touran models worldwide
BERLIN (Reuters) – Volkswagen is recalling almost 6,000 gas-powered Touran multi-purpose vehicles (MPV) worldwide to replace the models’ front gas bottles, it said.
Amazon UK says no Brexit hit to sales so far
LONDON (Reuters) – Amazon has not seen a British sales dip since the vote to leave the European Union, its new UK boss said on Wednesday, after announcing the online retailer would create a further 1,000 jobs across the UK this year.
Gross says $10 trillion of zero, negative-yield bonds drag global GDP
NEW YORK (Reuters) – Noted bond investor Bill Gross of Janus Capital Group Inc said Wednesday that with yields at near zero and negative on $10 trillion of global government credit, the contribution of money velocity to GDP growth is coming to an end …
Bank of England’s Carney steps up as Brexit crisis engulfs UK
LONDON (Reuters) – As Britain struggles with political chaos following its vote to leave the European Union, central bank governor Mark Carney has stepped into the breach to manage the economic fallout.
Airbus lags Boeing in order race ahead of Farnborough Airshow
PARIS (Reuters) – Airbus goes into next week’s Farnborough Airshow lagging behind arch-rival Boeing after ending the first half of the year with 227 aircraft orders, or 183 after adjusting for cancellations, company data showed on Wednesday.
U.S. services sector data underscores strong economic fundamentals
WASHINGTON (Reuters) – U.S. services industry activity hit a seven-month high in June as new orders surged and companies hired more workers, suggesting the economy regained speed in the second quarter.
