Greek uncertainty hits Europe shares, inflation lifts euro
LONDON (Reuters) – European shares dipped on Tuesday while German bond yields rose, with investors scrabbling for clarity over whether a high-level meeting on Greece’s debt crisis might herald a significant breakthrough.
HSBC set to cut thousands of jobs globally: Sky News
LONDON/HONG KONG (Reuters) – HSBC Holdings Plc could announce thousands of job cuts at a strategy day next week, Sky News reported on Monday, part of chief executive Stuart Gulliver’s overhaul of Europe’s biggest bank.
Euro zone back to inflation as May prices beat forecast
BRUSSELS (Reuters) – The euro zone returned to inflation in May with a higher than expected increase in consumer prices after five months of falls and stagnation, due to rising food costs and the waning impact of cheap energy.
Uber driver arrested near New Delhi, accused of sexual harassment
NEW DELHI (Reuters) – A driver contracted with U.S.-based online taxi company Uber Technologies was arrested near New Delhi on Tuesday, police said, after a woman passenger accused him of sexual harassment when she hailed his cab over the weekend.
Greece can’t make more concessions for deal, says labor minister
ATHENS (Reuters) – Greece’s government can make no more concessions in negotiations for a cash-for-reforms deal and its international lenders must take responsibility for their role in the talks, Labour Minister Panos Skourletis said on Tuesday.
Kraft seeks dismissal of two counts in wheat price manipulation case
(Reuters) – Kraft Foods Group Inc and Mondelez International Inc petitioned a judge to dismiss two counts in a case filed by the U.S. Commodity Futures Trading Commission that alleged the companies manipulated wheat prices.
Exclusive: Fiat Chrysler delays many future vehicle programs
DETROIT (Reuters) – Fiat Chrysler Automobiles in the past year has delayed the redesign or release of at least a dozen current or new vehicles in North America, according to suppliers familiar with the company’s plans. The unusual number of delays coul…
Takata will change design for certain air bag inflators
(Reuters) – Takata Corp said on Monday that it will continue producing air bags that use ammonium nitrate propellant, but will change the design of the driver-side air bag inflators.
European, IMF leaders agree to work intensely in Greek debt talks
BERLIN/BRUSSELS (Reuters) – The leaders of Germany, France and Greece’s international creditor institutions agreed late on Monday to work with “real intensity” in the coming days as they try to clinch a deal in debt negotiations with Athens.
Oil prices dip on high OPEC, U.S. production outlook
SINGAPORE (Reuters) – Crude oil dipped on Tuesday on expectations of rising OPEC output and a potential increase in U.S. shale production, but analysts said that strong refinery demand was preventing further price falls.
