France drives euro zone business surge in June; China, Japan lag
(Reuters) – A resurgence of activity in France helped euro zone businesses expand at their fastest rate in four years this month, the clearest sign yet that the European Central Bank’s stimulus is driving a solid recovery in the region.
Barclays in talks to sell private equity unit to management: source
LONDON (Reuters) – British banking group Barclays is in talks to sell its natural resources-focused private equity business to the unit’s management, a person familiar with the matter said on Tuesday.
Greece optimism lifts stocks but strong dollar tempers euro
LONDON (Reuters) – Signs that a deal could be at hand to stave off a Greek default lifted global shares on Tuesday and cut borrowing costs for euro zone countries seen as most vulnerable to the protracted crisis.
Greece offers new proposals to avert default, creditors see hope
BRUSSELS (Reuters) – Greece took a step back from the abyss on Monday with the presentation of new budget proposals that euro zone leaders welcomed as a basis for a possible agreement in the coming days to unlock frozen aid and avert a looming default….
Hyundai Motor to release more SUVs in China to regain momentum
SEOUL (Reuters) – South Korea’s Hyundai Motor Co on Tuesday said it began construction on its fifth plant in Chongqing, China, to regain lost momentum in the largest auto market with a new compact car and higher production of sport utility vehicles.
Britain cuts Lloyds Banking Group stake to below 17 percent
LONDON (Reuters) – Britain has cut its stake in Lloyds Banking Group to below 17 percent, the finance ministry said in a stock market disclosure on Tuesday, taking the total sum recovered by the taxpayer to 11.5 billion pounds ($18.2 billion).
China June factory activity contracts slightly but shows some signs of stabilizing: PMI
SHANGHAI (Reuters) – China’s factory activity contracted for the fourth straight month in June but showed some signs of stabilizing, according to a preliminary private survey, suggesting more stimulus measures may be needed to support the world’s second-largest economy.
JetBlue adds premium class to Boston flights on corporate demand
(Reuters) – JetBlue Airways Corp on Tuesday said it will add its premium “Mint” class to transcontinental flights from Boston, the first new city for a service that JetBlue credits with helping it steal share from competitors.
Nissan says paid CEO Ghosn $8.4 million last year
YOKOHAMA, Japan (Reuters) – Nissan Motor Co , Japan’s second-biggest automaker, said on Tuesday it paid Chief Executive Carlos Ghosn 1.035 billion yen ($8.39 million) last business year, up 4 percent from the previous year.
Greece offers new proposals to avert default, creditors see hope
BRUSSELS (Reuters) – Greece took a step back from the abyss on Monday with the presentation of new budget proposals that euro zone leaders welcomed as a basis for a possible agreement in the coming days to unlock frozen aid and avert a looming default….
