Chinese factories face headwinds in July, Europe withstands Greek turmoil
LONDON/SYDNEY (Reuters) – Economic headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years, while euro zone factories largely shrugged off Greece’s brush with bankruptcy.
Western companies look hard at China as growth slows
LONDON (Reuters) – The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts.
EU regulators suspend review of Halliburton, Baker Hughes
BRUSSELS (Reuters) – European Union antitrust regulators have suspended their review of Halliburton Co’s $35 billion bid for oilfield services rival Baker Hughes Inc because the companies have failed to provide sufficient data.
Greek blue chip stock index futures open down 15.2 percent
ATHENS (Reuters) – Greek blue-chip stock index futures opened sharply down on Monday ahead of the stock market’s open, with the nearest contract expiring on August 21 down 18 percent at 202 points, after falling 15.2 percent on the first trade.
HSBC selling unprofitable Brazil unit to Bradesco for $5.2 billion
SAO PAULO (Reuters) – HSBC Holdings Plc agreed to sell its Brazilian unit to Banco Bradesco SA for $5.2 billion, retreating from the second-largest emerging market economy after years of disappointing performance.
Weaker China factories argue for more policy support as stocks swoon
BEIJING (Reuters) – China’s factory activity shrank more than initially estimated in July, contracting the most in two years as new orders fell and dashing hopes that the world’s second-largest economy may be steadying, a private survey showed on Monda…
Volkswagen overtakes Toyota as world’s biggest carmaker
(This July 28 story was corrected to state in sixth paragraph that Toyota is reporting first-quarter, not first-half, results on Tuesday; also corrects day in advisory line to Tuesday)
Star Wars meets Uniqlo as Fast Retailing, Disney expand product tie-up
TOKYO (Reuters) – Fast Retailing Co Ltd’s Uniqlo clothing chain said on Monday that it was expanding its collaboration with Walt Disney Co to offer a wider range of products and that it would open a flagship store at the Florida Disney World’s shopping…
European regulators ask Halliburton for more merger information: company
NEW YORK (Reuters) – Oilfield services provider Halliburton Co announced in a statement on Sunday it had received a request from the European Commission for additional information about its proposed $35 billion merger with rival Baker Hughes Inc .
German auto makers agree deal to buy Nokia HERE: sources
FRANKFURT (Reuters) – A consortium of German premium carmakers has agreed a deal to buy Nokia’s mapping business HERE, two people familiar with the matter said on Sunday, in a push to extend the reach of automakers into digital services for connected c…
