Stocks sag as U.S. rate rise expectations revive
LONDON (Reuters) – Stock markets in Europe and Asia weakened on Wednesday in the wake of accelerating U.S. inflation and comments from Federal Reserve officials that rekindled prospects of an interest rate rise within months.
Japan’s Abe: G7 sees need to boost demand, address supply constraints
TOKYO (Reuters) – G7 leaders agree on the need to take measures to boost global demand and eliminate factors that hamper productivity amid lingering risks to the world economy, Japanese Prime Minister Shinzo Abe said on Wednesday.
Goldman Sachs cuts equities to ‘neutral’, upgrades commodities
LONDON (Reuters) – Goldman Sachs downgraded equities to “neutral” over a 12-month time-frame on growth and valuation concerns, but upgraded commodities to “neutral” on a three-month basis saying there was less downside potential to oil prices.
LSE to hold Deutsche Boerse merger vote in July
LONDON (Reuters) – London Stock Exchange Group plc will hold its shareholder meeting on the proposed $30 billion merger with Deutsche Boerse in July, the British firm said in an update on Wednesday.
Deutsche Bank shareholders set to pressure chairman
FRANKFURT (Reuters) – Deutsche Bank’s chairman faces sharp criticism at the bank’s annual general meeting on Thursday, as shareholders consider launching an investigation into management’s response to scandals that have cost it billions of euros in fi…
Alibaba’s Ma cancels speech after row with anti-counterfeiting group
SHANGHAI (Reuters) – Alibaba Group Holding Ltd’s chief Jack Ma has canceled a speech at an anti-counterfeiting conference in the United States after the trade group behind it suspended the e-commerce giant’s recently gained membership.
Silicon Valley mocks Trump over his tech bubble warning
SAN FRANCISCO (Reuters) – Republican presidential candidate Donald Trump on Tuesday warned that a dangerous financial bubble has formed in the technology industry – and Silicon Valley responded with a collective eye roll.
Trump on North Korea, Wall Street regulation, tech stocks
NEW YORK – Presumptive Republican nominee Donald Trump told Reuters in a wide-ranging interview on Tuesday that he would be willing to talk to North Korean leader Kim Jong Un to try to stop Pyongyang’s nuclear program.
Verizon, striking unions to continue talks, U.S. Labor Dept. says
(Reuters) – Verizon Communications Inc and representatives from two striking unions will continue contract discussions in Washington this week with the help of the U.S. Department of Labor, the regulator said.
U.S. extends GM safety oversight for additional year
WASHINGTON (Reuters) – U.S. auto safety regulators will oversee General Motors Co’s decision-making about potential vehicle safety issues for another year, until May 2017, the National Highway Traffic Safety Administration (NHTSA) told the automaker in…
