U.S. services sector expands at fastest pace since May: Markit
NEW YORK, (Reuters) – U.S. services sector growth edged ahead during August from July to its highest level since May, signaling the United States was on track for solid third-quarter expansion, an industry report showed on Thursday.
Europe must wait at least five years for bank consolidation: CEOs
FRANKFURT (Reuters) – Europe will have to wait at least five years before banks begin to consolidate across borders, as they wrestle with low interest rates, regulatory reforms and the need to overhaul technology, bank executives said.
U.S. trade deficit smallest in five months
WASHINGTON, Sept 3 (Reuters) – The U.S. trade deficit fell in July to its lowest level in five months as exports rose, signaling underlying strength in the economy amid concerns about a global growth slowdown.
Exclusive: Japan Display CEO hints at strong Apple orders ahead of new iPhone launch
TOKYO (Reuters) – Japan Display Inc’s new chief executive said on Thursday the screen maker’s “biggest client”, widely understood to refer to Apple Inc , is increasing orders ahead of the expected launch of a new iPhone this month.
No concern yet regarding financial institutions from market turmoil: Jack Lew
WASHINGTON (Reuters) – U.S. Treasury Secretary Jack Lew said financial market turmoil has yet to cause enough stress in financial institutions to warrant concern, CNBC reported on Thursday.
Global stocks enjoy relief rally ahead of ECB, but investors wary
LONDON (Reuters) – World stocks rose on Thursday, lifted by the strong rally on Wall Street the previous day, but investors were cautious ahead of a potentially critical 24 hours that will include a European Central Bank policy meeting and the latest U…
Japan August PMI survey shows services expand at fastest pace in almost two years
TOKYO, (Reuters) – Activity in Japan’s services sector expanded at the fastest pace in almost two years in August, a survey showed on Thursday, as companies turned more optimistic on business conditions in a sign the economy may be bouncing back.
Solar power supplies 10 percent of Japan peak summer power: Asahi
TOKYO (Reuters) – Solar power generation contributed to about 10 percent of peak summer power supplies of Japan’s nine major utilities, equivalent to more than 10 nuclear reactors, the Asahi newspaper reported on Thursday.
Toshiba to post annual net loss of about 10 billion yen: Yomiuri
TOKYO (Reuters) – Japan’s Toshiba Corp is likely to post a net loss of about 10 billion yen ($83 million) when it reports its financial 2014/15 earnings as early as this week, the Yomiuri daily reported, amid a probe into improper accounting at the com…
Ackman’s Pershing Square hedge fund drops 9.2 percent in August
BOSTON (Reuters) – Hedge fund mogul William Ackman, one of last year’s best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China.
