China’s October factory, services surveys show economy still wobbly
BEIJING (Reuters) – Activity in China’s manufacturing sector unexpectedly contracted in October for a third straight month, an official survey showed on Sunday, fuelling fears the economy may still be losing momentum in the fourth quarter despite a raf…
China official October factory PMI unchanged at 49.8, shrinks for third month
BEIJING (Reuters) – Activity in China’s manufacturing sector unexpectedly shrank for a third straight month in October, an official survey showed on Sunday, fuelling fears that the economy may be cooling further in the fourth quarter despite a raft of …
Lufthansa cabin crew union says pay talks have failed
FRANKFURT (Reuters) – Talks between Lufthansa and its main cabin crew union have failed, the union said on Saturday, raising the prospect of more strikes at the German carrier.
Italy court says no proof of wrongdoing in UniCredit mafia probe
FLORENCE, Italy (Reuters) – An Italian court said on Saturday there was no proof to back up allegations that three executives at Italian lender UniCredit had helped a businessman who prosecutors claimed had links to the Sicilian mafia, according to a c…
ECB reveals capital hole in Greek banks as unpaid loans soar
FRANKFURT (Reuters) – Greece’s banks need to raise more than 14 billion euros (10 billion pounds) of extra capital to cover mounting unpaid loans, the European Central Bank said on Saturday as it announced the results of stress tests intended to rehabi…
Merkel says VW must act in transparent manner
BERLIN (Reuters) – The “Made in Germany” brand has not been damaged by the Volkswagen scandal, but the carmaker needs to deal with the matter in a transparent manner, German Chancellor Angela Merkel said on Saturday in her weekly podcast.
ECB reveals capital hole in Greek banks as unpaid loans soar
FRANKFURT (Reuters) – Greece’s banks need to raise more than 14 billion euros ($16 billion) of extra capital to cover mounting unpaid loans, the European Central Bank said on Saturday as it announced the results of stress tests intended to rehabilitate…
Swatch CEO sees 2016 Swiss launch for pay watch: newspaper
ZURICH (Reuters) – Swatch Group expects to launch a smartwatch that can be used to make payments in Switzerland next spring, Chief Executive Nick Hayek said in an interview with a Swiss newspaper published on Saturday.
ECB will do what is needed to keep inflation target on track: Draghi
MILAN (Reuters) – The European Central Bank (ECB) is ready to do what it takes to keep its medium-term inflation target on course, its head Mario Draghi said in a newspaper interview published on Saturday.
Exclusive: Beyond Valeant, U.S. payers scrutinize other drugmaker ties to pharmacies
LOS ANGELES (Reuters) – Express Scripts Holding Co, the largest U.S. pharmacy benefit manager, is reviewing pharmacy programs run by AbbVie Inc and Teva Pharmaceuticals Industries Ltd after finding questionable practices at Valeant Pharmaceuticals Inte…
