Sluggish factory growth in Europe and Asia puts central bank stimulus in spotlight
LONDON/SYDNEY (Reuters) – Manufacturing activity showed scant sign of picking up across Europe and Asia in May as demand stayed stubbornly weak, highlighting the need for central banks to continue supporting growth.
China factories scrabble for growth in May, export demand shrinks
BEIJING (Reuters) – Growth in China’s giant factory sector edged up to a six-month high in May but export demand shrank again, prompting companies to shed jobs and keeping alive worries about a protracted economic slowdown, a government survey showed o…
EU’s Oettinger says Greece deal still possible this week
BERLIN (Reuters) – Germany’s EU Commissioner Guenter Oettinger said on Monday it might still be possible for Greece and its creditors to reach a deal this week.
Malaysia Airlines CEO says carrier ‘technically bankrupt’, set to cut jobs, routes
KUALA LUMPUR (Reuters) – The newly appointed chief executive of loss-making Malaysia Airlines said on Monday the carrier is “technically bankrupt”, underlining the case for a restructuring to cut a third of jobs, scrap some international routes and rev…
New StanChart boss faces cash call, dividend squeeze
LONDON (Reuters) – Standard Chartered’s incoming Chief Executive Bill Winters is expected to raise capital and cut the bank’s dividend later this year, potentially forced to act by a tough stress test of its Asian loans, investors and analysts said.
China recovery helps shares; eyes on Greece
LONDON (Reuters) – European stock markets inched higher on Monday, putting aside concerns over Greece that unsettled the euro after Chinese stocks rallied almost 5 percent.
Euro zone factory growth stumbles as core struggles: PMI
LONDON, (Reuters) – Euro zone factory growth was weaker than previously thought last month as the bloc’s core countries continued to struggle, a survey of businesses showed on Monday.
UK to launch Lloyds retail share sale in next 12 months
LONDON (Reuters) – Britain said it will launch a sale of shares in Lloyds to private retail investors in the next 12 months and has extended a facility enabling it to sell more shares in the bank to financial institutions.
Indian food inspectors file case against Nestle over noodles
LUCKNOW, India (Reuters) – Food safety inspectors in the northern Indian state of Uttar Pradesh have filed a criminal complaint against Nestle’s Indian arm, after spot checks earlier this year found excess lead in some packets of Maggi instant noodles….
China’s factories slow to respond to stimulus, South Korea exports dive
(Reuters) – China’s manufacturing sector showed scant signs of picking up in May as demand stayed stubbornly weak, while exports in South Korea suffered their biggest annual drop since the global financial crisis, grim readings which prompted calls for…
