Global business growth accelerated in Nov: PMI
LONDON (Reuters) – Global business growth accelerated last month as new orders picked up despite firms raising prices at the steepest rate since July, a survey showed.
China’s premier says will ruthlessly deal with zombie firms
BEIJING (Reuters) – China plans to spend around two years to tackle serious overcapacity in some industries and will ruthlessly deal with so-called zombie firms, Premier Li Keqiang said in remarks seen on Friday.
Foreigners drawn in as fear and loathing grip China’s finance industry
SHANGHAI/HONG KONG (Reuters) – A widening regulatory probe into some of China’s biggest brokerages has set nerves jangling in a financial industry still recovering from a summer of turmoil, with fear of becoming entangled in investigations spreading am…
Activist investor renews call for Yahoo to sell core business
SAN FRANCISCO/BENGALURU (Reuters) – An activist investor on Thursday renewed its push for Yahoo Inc to abandon its plans to spin off its valuable stake in Chinese e-commerce giant Alibaba Group Holding Ltd and instead sell its core business “at the highest price possible.”
VW ready to sell assets should loan repayment falter: sources
FRANKFURT (Reuters) – Volkswagen has told banks supplying a 20 billion euro ($21.1 billion) credit line that it would sell assets if it finds no other way of repaying the one-year loan, two people familiar with the matter said.
Investors still spinning from ECB brace for U.S. jobs, OPEC
LONDON (Reuters) – There was no respite on Friday for investors still reeling from the disappointment of the European Central Bank’s stimulus package the day before, as they geared up for the latest U.S. employment data and a key OPEC meeting of oil pr…
Activist investor renews call for Yahoo to sell core business
SAN FRANCISCO/BENGALURU (Reuters) – An activist investor on Thursday renewed its push for Yahoo Inc to abandon its plans to spin off its valuable stake in Chinese e-commerce giant Alibaba Group Holding Ltd and instead sell its core business “at the highest price possible.”
U.S. November employment report seen cementing rate hike
WASHINGTON (Reuters) – U.S. job growth likely remained solid in November in a show of the economy’s resilience, which could pave the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade.
Global stocks hit, euro shines after ECB wrong-foots traders
SINGAPORE/TOKYO (Reuters) – Asian shares joined a global markets slump on Friday after the European Central Bank’s stimulus package fell well short of markets’ high expectations, sending the euro rocketing to its biggest one-day surge in nearly seven y…
Black Friday delivers record week for John Lewis
LONDON (Reuters) – British retailer John Lewis [JLPLC.UL] set a record for weekly sales in the seven days to Nov. 28 after trading was boosted by “Black Friday” discounts both online and in its department stores.
