Greece deal points to flexible approach to bank rescues in EU
LONDON (Reuters) – European Union rules to shield taxpayers from having to rescue ailing banks should be applied flexibly because of broader economic imperatives highlighted by the latest Greek rescue package, analysts and lawyers say.
China August official factory PMI seen shrinking to three-year low
BEIJING (Reuters) – Activity in China’s manufacturing sector likely shrank at its fastest pace in three years in August, a Reuters poll suggested, adding to signs of deepening economic weakness which are shaking global financial markets.
Mortgage applications inch up in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages edged up last week as interest rates declined, an industry group said on Wednesday.
Toyota says to restart Tianjin plants post explosion
BEIJING (Reuters) – Toyota Motor Corp plans to “gradually” restart from Thursday its manufacturing operations near the Chinese port of Tianjin, which has been halted after the deadly chemical explosions on Aug. 12, the company said on Wednesday.
E.ON targets United States in solar push
BERLIN (Reuters) – Germany’s biggest utility E.ON aims to aggressively expand its solar business and is banking on the United States where President Barack Obama has pledged to promote renewables in a bid to fight climate change.
E.ON targets United States in solar push
BERLIN (Reuters) – Germany’s biggest utility E.ON aims to aggressively expand its solar business and is banking on the United States where President Barack Obama has pledged to promote renewables in a bid to fight climate change.
Currency volatility upsets Asian growth plans
SINGAPORE (Reuters) – Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China’s abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but a…
Amazon expands Prime Now, offers U.S. alcohol for first time
SAN FRANCISCO (Reuters) – Amazon.com Inc said on Tuesday it will begin delivering wine, beer and spirits to U.S. customers for the first time as part of its speedy delivery service, Prime Now.
Oshkosh wins $6.75 billion deal to replace U.S. Army, Marine Humvees
WASHINGTON (Reuters) – U.S. specialty truck maker Oshkosh Corp has won a $6.75 billion contract to build 17,000 light tactical vehicles to replace the aging Humvees used by the U.S. Army and Marine Corps, the U.S. Army announced on Tuesday.
Washington D.C. regulators reject Exelon-Pepco power merger
WASHINGTON (Reuters) – Utilities regulators for the District of Columbia on Tuesday denied Exelon Corp’s $6.8 billion bid for Pepco Holdings Inc , dealing a major blow to a deal that would have created the country’s top power distributor.
