Japan’s second-quarter GDP shrinks annualized 1.6 percent, first slump since recession in 2014
TOKYO (Reuters) – Japan’s economy shrank at an annualized pace of 1.6 percent in the April-June period, contracting for the first time in three quarters on weak exports and consumer spending, government data showed on Monday.
Slim’s America Movil extends Mexico-U.S. ‘borderless’ plan to prepay
MEXICO CITY (Reuters) – America Movil said on Sunday it removed roaming charges on calls to and data in the United States for 40 million Mexican prepay clients as it gears up to prevent new rival AT&T Inc. stealing market share on its home turf.
Dutch parliament recalled to debate new Greece bailout
AMSTERDAM (Reuters) – Dutch lawmakers have been recalled from their summer break to vote on the latest emergency funding package for Greece, parliament said on Sunday.
Merkel says she expects IMF to take part in Greek bailout
BERLIN (Reuters) – German Chancellor Angela Merkel tried to reassure skeptical lawmakers on Sunday that the International Monetary Fund would take part in a new bailout for Greece, before a parliamentary vote in which many of her conservatives may brea…
Investors to look at Fed, earnings with China filter
NEW YORK (Reuters) – Investors will comb through Wednesday’s minutes of the most recent Federal Reserve meeting for indications on how the U.S. central bank will react to the recent yuan devaluation and the further decline in oil prices.
Exclusive: Germany’s Mann + Hummel buys U.S. peer for $1.3-1.4 billion
FRANKFURT (Reuters) – German car parts maker Mann + Hummel is buying U.S. firm Affinia’s auto filter unit for $1.3-1.4 billion, a person familiar with the transaction said on Sunday.
Exclusive: Germany’s Mann + Hummel buys U.S. peer for $1.3-1.4 billion
FRANKFURT (Reuters) – German car parts maker Mann + Hummel is buying U.S. firm Affinia’s auto filter unit for $1.3-1.4 billion, a person familiar with the transaction said on Sunday.
China yuan to move both ways, more ‘adjustments’ unlikely: central bank economist
BEIJING (Reuters) – China’s move to weaken the yuan last week could head off further similar “adjustments”, and the yuan is likely to move in both directions as the economy stabilizes, Ma Jun, chief economist at the central bank said on Sunday.
Euro ministers give blessing to Greek bailout, wooing IMF on debt
BRUSSELS/ATHENS (Reuters) – Euro zone finance ministers have agreed to lend Greece up to 86 billion euros ($96 billion) after Greek lawmakers accepted their stiff conditions despite a revolt by supporters of leftist Prime Minister Alexis Tsipras.
Berkshire Hathaway hints at new purchase, ups Charter stake
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said it boosted its stake in cable TV operator Charter Communications Corp , and signaled it may have another large investment planned after agreeing to buy Precision Castparts Corp in its l…
