Softness in global economy to extend into 2016 as developing world drags: IMF
WASHINGTON (Reuters) – A relentless deceleration in the economies of the developing world will cause global growth to slow this year and only pick up a bit more pace in 2016, the head of the International Monetary Fund said on Wednesday.
U.S. jobs sector gains, Midwest manufacturing stumbles
NEW YORK (Reuters) – U.S. companies hired workers at a solid clip in September, but data showed factory activity in the U.S. Midwest contracted, muddying the economic picture for the Federal Reserve on whether to raise interest rates later this year.
Fed’s Dudley downplays market ‘liquidity’ concerns, eyes HFT
NEW YORK (Reuters) – A top Federal Reserve official on Wednesday largely dismissed concerns that bond market liquidity has sharply diminished following U.S. regulatory reforms, saying the rise of high-frequency trading probably plays a bigger role in a…
GM and Navistar to develop and make commercial trucks
(Reuters) – U.S. automaker General Motors Co said on Wednesday it will jointly develop and assemble medium-duty commercial vehicles with truck and engine maker Navistar International Corp.
Average Apple Watch sells for $529, at top end of estimates: report
(Reuters) – Apple Inc’s new Watch sells for an average of $529, including accessories, at the high end of Wall Street estimates, according to findings by research firm Wristly.
Sainsbury’s profit upgrade cheers British supermarkets
LONDON (Reuters) – British supermarket Sainsbury’s raised its profit forecast and posted better-than-expected quarterly sales on Wednesday, sending its shares soaring on hopes the worst may be over for the battered sector.
WTO cites China, U.S., refugee costs as risks to trade growth
GENEVA (Reuters) – World trade will grow by 2.8 percent this year and could be pegged back further by a U.S. interest rate rise, China’s economic slowdown or Europe’s refugee crisis, the World Trade Organization said on Wednesday.
Volkswagen to refit cars affected by emissions scandal
BERLIN (Reuters) – Volkswagen said on Tuesday it will repair up to 11 million vehicles and overhaul its namesake brand following the scandal over its rigging of emissions tests.
Multinational China execs feel chill wind, not hot growth
SHANGHAI (Reuters) – China’s economy is officially growing at a brisk clip of 7 percent, but many locally based executives at multinationals say they wouldn’t know it from the performance of their businesses.
Asia shares rally, but on track for worst quarterly loss in four years
TOKYO/SINGAPORE (Reuters) – Asian stock markets rallied on Wednesday after sliding to 3-year lows, but concerns lingered over slumping commodities prices and China’s cooling economy.
