Global inflation pressures still mild, China still the worry
LONDON (Reuters) – Global inflation appears tamer than many had thought it would be by now, still held back by a modest outlook for economic growth, meaning central banks look likely to leave rates lower for longer — or even ease policy further.
China regulator orders brokerages to review trades following stock rout
BEIJING (Reuters) – China’s securities regulator instructed brokerages on Sunday to review trades and enforce rules that require the use of real names and national identification numbers, the latest move by the government aimed at stabilizing stock pri…
VW interim chairman to stay on, hunt for Piech successor continues: Bild
BERLIN (Reuters) – Volkswagen is still looking for a successor to former chairman Ferdinand Piech, meaning the interim holder of the position, Berthold Huber, is likely to stay until at least the end of the year, a German newspaper reported on Sunday.
China’s rich seek shelter from stock market storm in foreign property
SYDNEY/LONDON (Reuters) – Realtors in Australia, Britain and Canada are bracing for a surge of new interest in their already hot property markets, with early signs that wealthy Chinese investors are seeking a safe haven from the turmoil in Shanghai’s e…
Euro zone demands more from Greece, delays decision on aid
BRUSSELS (Reuters) – Skeptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country…
The Trump backlash: Latino consumers wield new clout
NEW YORK/CHICAGO (Reuters) – When Donald Trump described Mexican immigrants as rapists and drug smugglers last month, Latinos took to social media to express their outrage and urge businesses to sever ties with the billionaire presidential candidate.
High valuations weigh on U.S. stocks ahead of earnings
NEW YORK (Reuters) – As companies in the benchmark Standard & Poor’s 500 begin to release lackluster second quarter results, rich valuations threaten to keep the U.S. stock market spinning in place.
FTC exploring Apple rules for streaming music rivals in App Store
WASHINGTON/SAN FRANCISCO (Reuters) – U.S. government antitrust regulators are looking into claims about whether Apple’s treatment of rival streaming music apps is illegal under antitrust law, according to three industry sources.
Wall St. ends sharply higher in broad rally
NEW YORK (Reuters) – U.S. stocks closed broadly higher on Friday, with major indexes ending up more than 1 percent on hopes Greece would be able to secure fresh funding at an upcoming meeting, which would allow it to avert bankruptcy and remain in the …
Greek PM Tsipras seeks party backing after abrupt concessions
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras appealed to his party’s lawmakers on Friday to back a tough reform package after abruptly offering last-minute concessions to try to save the country from financial meltdown.
