Toshiba posts net loss, plans restructuring to put scandal behind it
TOKYO (Reuters) – Japan’s Toshiba Corp booked a net loss for the past financial year and pledged a bold restructuring, raising hopes it was finally moving beyond a $1.3 billion accounting scandal.
BlackRock sees new opportunity in China real estate
HONG KONG (Reuters) – BlackRock Inc is ready to increase its China real estate portfolio exposure as it sees good entry points following the weakness in the nation’s economy and credit environment, a senior executive of the U.S. money manager said on M…
ESM’s Regling says confident IMF will participate in Greek program
LJUBLJANA (Reuters) – The head of the European Stability Mechanism (ESM) Klaus Regling said he was confident the International Monetary Fund would participate in the third aid program to Greece.
GM’s sales drop in August highlights automaker divide in China
BEIJING (Reuters) – General Motors Co reported on Monday its biggest drop in China sales in five months for August as global automakers struggle with a deepening economic slowdown and slumping equities in the world’s largest auto market.
India rejects patent on Pfizer’s arthritis drug
MUMBAI (Reuters) – India has again denied Pfizer Inc a patent on its rheumatoid arthritis drug tofacitinib, the latest setback for a multinational drugmaker seeking to enforce its intellectual property rights in the country.
German industrial output up in July, strongest gain so far in 2015
BERLIN (Reuters) – German industrial output rose in July at its fastest pace so far this year, data from the Economy Ministry showed on Monday, suggesting Europe’s largest economy powered ahead at the beginning of the third quarter.
BlackRock’s buyout arm sees opportunities in China real estate
HONG KONG (Reuters) – The private equity arm of BlackRock Inc is ready to increase its exposure to Chinese commercial real estate as it sees good entry points following recent weakness in the economy and credit environment, an executive of the U.S. mon…
Oil prices fall on global glut fears, slowing U.S. jobs growth
SINGAPORE (Reuters) – Oil prices fell on Monday as oversupply concerns, a firmer dollar and lackluster U.S. non-farm payrolls data weighed on global markets, but a rebound in Chinese stocks after a two-day holiday helped prop up prices.
Bad loans haunt Greek banks seeking new start
ATHENS (Reuters) – Turned down for a 10,000 euro ($11,100) loan, George Sarris is one of hundreds of thousands of small business owners shunned by Greek banks.
World’s top 300 pension funds see assets pass $15 trillion: study
LONDON (Reuters) – The combined assets of the world’s largest 300 pension funds grew more than 3 percent in 2014 to a new high of more than $15 trillion, driven by retirement saving in North America and Europe, a study showed on Monday.
