Focus on Fed, euro zone’s economic health
PARIS (Reuters) – The search for clues to whether the Federal Reserve will raise U.S. interest rates in September for the first time in nearly a decade is set to intensify next week.
Coca-Cola near deal for organic juice company Suja: sources
(Reuters) – Coca-Cola Co is nearing a deal to buy a minority stake in U.S. organic juice company Suja Life LLC, people familiar with the matter said on Friday, as the soft drink giant tries to identify the next big hit with consumers.
Greece says expects to pass bailout in parliament on August 18
ATHENS (Reuters) – Greece expects the third bailout it is negotiating with its international lenders to be passed by parliament on August 18, in time to secure funds to cover a key payment to the European Central Bank, the government’s spokeswoman said…
‘Frack now, pay later,’ top services companies say amid oil crash
HOUSTON (Reuters) – Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. It amounts to this: “frack now and pay later….
World stocks, dollar flat before U.S. jobs data
LONDON (Reuters) – Investors moved to the sidelines on Friday, with the dollar and world stocks markets barely budging, before U.S. jobs data that are considered key to convincing the Federal Reserve to raise interest rates for the first time in nearly…
Succession feud mars legacy of Lotte Group founder
SEOUL (Reuters) – Shin Kyuk-ho, the founder of one of South Korea’s biggest and best-known conglomerates, has sought to crown his rags-to-riches success story by building the country’s tallest skyscraper.
Bitcoin startups lure quant whizzes from Wall Street
NEW YORK (Reuters) – Armed with a doctorate in financial engineering, 34-year-old Timo Schlaefer was on his way to a promising career at Goldman Sachs in London. Previously with the bank’s mergers and acquisitions team, he became an executive director of credit quantitative modeling at Goldman, where quants like Schlaefer are highly valued.
German Finance Ministry favors bridge loan for Greece: paper
BERLIN (Reuters) – Germany’s Finance Ministry favors a bridge loan for Greece to give Athens and its creditors sufficient time to negotiate a comprehensive third bailout, the Sueddeutsche Zeitung daily reported on Friday.
Made in North Korea: goods store opens to brisk business in Seoul
SEOUL (Reuters) – A shop in South Korea’s capital specializing in goods made in the North has run nearly $140,000 through its tills in just three months of business, helping dispel the notion that products from the impoverished state are shoddy and und…
Investor Ackman takes $5.5 billion stake in Cadbury owner Mondelez
(Reuters) – Activist investor William Ackman has built a stake worth about $5.5 billion in Mondelez International Inc , the maker of Cadbury chocolate and Oreo cookies, in what is seen as an attempt to push the company to boost earnings or sell itself….
