China’s yuan up on suspected intervention, set for August loss
SHANGHAI， (Reuters) – China’s yuan firmed on Monday after the central bank set a stronger guidance rate while it also appeared to continue using state-owned banks to support the Chinese currency, traders said.
Suzuki Motor says it will buy back VW stake as court settles feud
TOKYO (Reuters) – Japan’s Suzuki Motor Corp said on Sunday it would buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court ordered the German automaker to sell its holding.
Carlyle’s nominee on China Fishery’s board steps down
SINGAPORE (Reuters) – Carlyle Group’s nominee on the board of China Fishery Group has stepped down, a few months after the U.S. private equity firm declined to take part in the Singapore-listed company’s rights issue.
World to Fed: We’re prepared for U.S. rate hike, so don’t delay
JACKSON HOLE, Wyo. (Reuters) – Central bankers from around the world are telling their American counterparts that they are ready for a U.S. interest rate hike and would prefer that the Federal Reserve make the move without further ado.
Paypal seen rising 40 percent from post spinoff lows: Barron’s
NEW YORK (Reuters) – PayPal Holdings Inc , the e-commerce group trading sharply off its recent offering price, could rise 40 percent to $46 a share if it succeeds with investments tied to payments systems innovation, the Aug. 31 edition of Barron’s sai…
Boeing uses its clout to control supplier consolidation
NEW YORK (Reuters) – Berkshire Hathaway Inc’s $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world’s biggest plane maker to put a check on some deals.
Suzuki Motor says it will buy back VW stake as court settles feud
TOKYO (Reuters) – Japan’s Suzuki Motor Corp said on Sunday it will buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court settled a dispute between the automakers over their failed partnership.
Tycoon to the rescue as cheaper China floods Vietnam’s economy
HANOI (Reuters) – Soldier-turned-tycoon Nguyen Huu Duong is a fierce patriot still fighting to protect his country, four decades after battling American forces in the Vietnam War.
Fed’s Fischer sees inflation rebound, allowing gradual rate hikes
JACKSON HOLE, Wyo. (Reuters) – U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact…
‘Good reason to believe’ inflation will rise: Fed’s Fischer
JACKSON HOLE, Wyo. (Reuters) – U.S. inflation will likely rebound as pressure from the dollar and other factors fade, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday.
