Accused U.S. ‘flash crash’ trader wins bail in London
LONDON (Reuters) – Navinder Sarao, the London-based day-trader accused by the United States of a market manipulation that contributed to a Wall Street “flash crash” in 2010, was freed on bail on Friday after spending four months in prison.
Autos buoy U.S. industrial output; consumer sentiment dips
WASHINGTON (Reuters) – U.S. industrial output advanced at its strongest pace in eight months in July as auto production surged, another bullish sign for third-quarter economic growth that boosts the prospects of a Federal Reserve interest rate hike nex…
Greek PM faces biggest party revolt yet as bailout approved
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras faced the widest rebellion yet from his leftist lawmakers as parliament approved a new bailout program on Friday, forcing him to consider a confidence vote that could pave the way for early electio…
Volkswagen recalls 461,300 cars in U.S., Canada to fix air bags
BERLIN (Reuters) – Volkswagen is recalling about 461,300 cars in the United States and Canada to fix a fault that could prevent air bags from deploying.
Consumer sentiment slips in August
NEW YORK (Reuters) – U.S. consumer sentiment eased more than expected in August, a survey released on Friday showed.
Industrial output jumps as auto production surges
WASHINGTON (Reuters) – U.S. industrial output advanced at its strongest pace in eight months in July as auto production surged in a bullish signal for third-quarter economic growth.
Exclusive: Japan Post’s $11 billion triple listing expected November 4 – sources
TOKYO (Reuters) – Japan Post Holdings Co is expected to list shares in its holding company and bank and insurance units on Nov. 4, several people close to the deal said on Friday, in Japan’s biggest sale of state-owned enterprises in nearly three decad…
Global M&A activity surges toward record high
LONDON (Reuters) – Global mergers and acquisitions (M&A) have climbed close to a record high this year, accelerated by a trio of multibillion-dollar deals in the U.S., Thomson Reuters data showed.
Tesla raises share offering to $642.5 million
(Reuters) – Electric car maker Tesla Motors Inc said it was looking to raise about $642.5 million through a share sale, above the $500 million it announced on Thursday.
Stocks set for weekly drop, bruised by China’s yuan weakness
LONDON (Reuters) – European stocks were poised for their worst week in six on Friday, under pressure from a falling oil price, as global markets struggled to regain poise after China’s surprise currency devaluation on Tuesday.
