Exporters run for high ground as China growth story unravels
FRANKFURT (Reuters) – The alarming scale of China’s economic slowdown is pushing European exporters to accelerate a move into premium goods and services, sacrificing volumes if necessary to sustain margins.
ESM’s Regling says threat of Grexit is still there
BERLIN (Reuters) – A Greek exit from the euro zone was a possibility and remains a threat if Athens does not fulfill the conditions of its third bailout agreement, the head of the European Stability Mechanism said on Thursday.
Syngenta shares rebound as management seen under pressure to act
FRANKFURT (Reuters) – Shares in pesticides maker Syngenta bounced back on Thursday from their worst ever slump in the previous session as the market speculated on management being pressured into quickly boosting the shares after suitor Monsanto walked …
Goldman Sachs to hire several hundred people in Warsaw
WARSAW (Reuters) – Goldman Sachs will hire “several hundred” employees for its Warsaw-based technology and operations units over the next three years, the U.S. bank said on Thursday.
Panasonic to shut battery factory in Beijing, cut 1,300 jobs
TOKYO (Reuters) – Japanese electronics giant Panasonic Corp on Thursday said it will stop making lithium-ion batteries at its factory in Beijing this month, cutting 1,300 jobs as part of a move to focus on higher-margin products such as electric car ba…
Wal-Mart boosts holiday layaway, eyeing Star Wars toy launch
(Reuters) – Wal-Mart Stores Inc said it will bring forward its holiday layaway program by two weeks, as the world’s largest retailer hopes to get a jump on year-end demand and fuel sales of soon-to-be-launched Star Wars toys.
China market chaos blamed on exodus of regulatory ‘turtles’
SHANGHAI (Reuters) – At the height of the 2008 financial crisis, as Wall Street slashed jobs, Beijing took advantage of the disarray to poach top Chinese financial talent from overseas to help reform its stock markets.
Monsanto, rivals eye next step after Syngenta deal collapse
CHICAGO (Reuters) – Monsanto Co , having ditched an audacious $46 billion offer for Syngenta AG , may downshift to a humbler strategy of beefing up its crop protection portfolio through other acquisitions, partnerships and licensing agreements.
Fidelity Investments considers dropping AmEx, BofA as partners: Bloomberg
(Reuters) – Mutual fund provider Fidelity Investments is considering dropping American Express Co and Bank of America Corp to find new partners and better terms, Bloomberg reported, citing people familiar with the matter.
Gap to end ‘on-call’ shifts for workers
(Reuters) – Apparel retailer Gap Inc said it would end on-call shifts at all of its stores and improve scheduling policies to provide employees with at least 10-14 days’ notice.
