Exclusive: Noble Group mulls raising funds from strategic investor – source
SINGAPORE (Reuters) – Noble Group is considering issuing a convertible note to a strategic investor, one of several steps the commodities trader is assessing to revive investor confidence after a damaging accounting dispute, a person with direct knowle…
Exclusive: Macquarie to enter U.S ETF market making business
(Reuters) – Australia’s Macquarie Group is entering the U.S exchange-traded fund market making business, officials told Reuters in an interview.
Cargill to unveil $7.25 billion business plan for Mexico: paper
MEXICO CITY (Reuters) – Global commodities trader Cargill will unveil a $7.25 billion business plan for Mexico for 2015-2018, which includes financing for agriculture, crop purchases and $167 million in direct foreign investment, local paper El Financi…
U.S. productivity rises in second quarter, but trend still soft
WASHINGTON (Reuters) – U.S. non farm productivity rebounded in the second quarter, but a weak underlying trend suggested inflation could pick up more quickly than economists have anticipated.
Russian firms, banks shrink as they face fresh peak debt payment
MOSCOW (Reuters) – Russian state companies and banks are cutting staff and scrapping projects as they prepare for another surge of foreign debt repayments of at least $35 billion before the end of the year amid falling energy export revenues and a weak…
Ford targets emerging markets with frugal India engineering
UDAIPUR, India (Reuters) – Ford Motor Co plans to use the low-cost techniques it learned in India to develop compact models for other emerging markets, executives said, copying a strategy used by the Asian rivals that outsell it in the world’s fifth la…
China’s devaluation raises currency war fear as Greece strikes deal
LONDON (Reuters) – China’s shock 2 percent devaluation of the yuan on Tuesday pushed the dollar higher and raised the prospect of a new round of currency wars, just as Greece reached a new deal to contain its debt crisis.
U.S. small business confidence bounces back in July
WASHINGTON (Reuters) – U.S. small business confidence rebounded in July from a 15-month low as owners anticipated solid sales and inventory growth, providing another boost to the economic outlook for the third quarter.
China turns to tourism to boost sagging economy
BEIJING (Reuters) – China is ramping up support for tourism, creating investment funds and building tourist attractions from camp grounds to theme parks in a bid to lift spending in its softening economy.
Automakers feel China heat as buyers burnt by stocks rout desert showrooms
BEIJING (Reuters) – The great Chinese stock slump that first whacked luxury car sales is spreading to mass-market brands as wannabe customers like Zhang Jiabin count the cost of soured investments.
