China May investment up 11.4 percent year-on-year
BEIJING (Reuters) – China’s fixed-asset investment grew at its slowest rate in nearly 15 years in May, missing expectations even as growth in retail sales and factory output steadied, arguing for Beijing to increase policy support to avert a deeper dow…
Stocks extend gains, dollar lifted by Fed feelings
LONDON (Reuters) – European shares saw fresh gains on Thursday after their best day in over a month and as bets that the United States could be edging towards its first interest rate rise kept upward pressure on global bond yields and the dollar.
No need to be industry number one, says Spotify founder
STOCKHOLM (Reuters) – Playing down the threat to his business from the world’s most valuable company, the founder of music streaming service Spotify said the industry was big enough for several players and his firm did not have to be number one.
IMF’s ‘never again’ experience in Greece may get worse
BRUSSELS (Reuters) – For the International Monetary Fund, five years of playing junior partner in European bailouts for Greece has been a “never again” experience, and the worst may be yet to come.
Qualcomm names old-hand as new China chairman; former head joins Xiaomi
BEIJING (Reuters) – U.S. chipmaker Qualcomm Inc said it has appointed old-hand Frank Meng as its chairman for China, a market which accounts for half of the company’s overall revenues but where it has hit rough patches in recent times.
Rising cost on U.S. rate swaps raises worries
NEW YORK (Reuters) – A widening gap in the costs to hedge interest rate risk between platforms based in London and Chicago is generating losses for Wall Street dealers and creating concern about how well this corner of the bond market will respond when…
Greece, EU powers agree to step up debt talks as crunch looms
BRUSSELS (Reuters) – Greek Prime Minister Alexis Tsipras held a new round of late-night talks with the leaders of Germany and France and agreed to intensify negotiations with Athens’ creditors ahead of a looming default at the end of the month.
Merkel, Hollande, Tsipras agree to intensify debt talks
BRUSSELS (Reuters) – The leaders of Germany and France agreed with Greek Prime Minister Alexis Tsipras on Wednesday that negotiations between Greece and its creditors must be intensified to reach a deal to avert a Greek default but there was no sign of…
Warner Music to pay $4.2 million to end intern wage lawsuit
NEW YORK (Reuters) – Warner Music Group Corp has agreed to pay hundreds of former interns more than $4.2 million to resolve a class-action lawsuit accusing the company of underpaying them.
Wall Street climbs on tech, financials gains, optimism on Greece
NEW YORK (Reuters) – U.S. stocks jumped on Wednesday, helped by gains in technology and financial shares and optimism that Greece may be closer to reaching a deal with creditors.
