Dollar General says COO Vasos to replace Dreiling as CEO
(Reuters) – Discount retailer Dollar General Stores Inc said Chief Operating Officer Todd Vasos would replace Rick Dreiling as chief executive, effective June 3.
Oil steadies ahead of U.S. inventory data
LONDON (Reuters) – Oil prices steadied on Thursday after a two-day slide as investors awaited data from the U.S. Energy Information Administration (EIA) to see how American oil production was responding to a recent surge in prices.
EU regulators tell 11 countries to adopt bank bail-in rules
BRUSSELS (Reuters) – The European Commission on Thursday gave France, Italy and nine other EU countries two months to adopt new EU rules on propping up failed banks or face legal action.
China markets plunge in record turnover as margin traders take fright
SHANGHAI (Reuters) – China’s stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained m…
China May official factory PMI seen lackluster despite stimulus moves
BEIJING (Reuters) – China’s factories struggled to expand in May despite recent interest rate cuts and other policy stimulus, a Reuters poll showed, suggesting the government may have to do more to halt a protracted slowdown in the economy.
Fed’s Williams says U.S. rate rise likely this year, economy to bounce back
SINGAPORE (Reuters) – San Francisco Fed President John Williams said on Thursday the Fed was likely to raise interest rates later this year, adding that he expects above-trend U.S. growth for the rest of 2015 after a weak first quarter.
Airbus exec says jet market could absorb over 60 A320s a month
TOULOUSE (Reuters) – Planemaker Airbus hinted at further production increases in its popular A320 series on Thursday, saying market demand would justify a leap to “more than 60 aircraft” a month.
Dollar momentum wanes, China stocks take heavy tumble
LONDON (Reuters) – The dollar took a breather on Thursday after hitting its highest level against the yen since 2002, and stocks stuttered as high-flying Chinese shares tumbled and European officials downplayed talk of an imminent deal to keep Greece a…
Fed’s Williams expects above trend U.S. growth rest of the year
SINGAPORE (Reuters) – San Francisco Fed President John Williams said on Thursday he expects above-trend economic growth in the United States for the rest of the year after a weak first quarter.
Honda expands air bag recall after Takata complies with U.S. order
TOKYO (Reuters) – Honda Motor Co called back about 340,000 cars in Japan to replace air bag inflators made by Takata Corp after the Tokyo-based parts supplier last week agreed to comply with U.S. orders to expand some of its previous recalls.
