U.S., euro zone business growth slower, China contracts
LONDON/NEW YORK (Reuters) – U.S. and euro zone business growth slowed in May while China’s factory sector contracted again, reinforcing the need for major central banks to continue supporting economic growth.
U.S. home resales unexpectedly fall, tarnishing housing recovery
WASHINGTON (Reuters) – U.S. home resales unexpectedly fell in April as tight inventories pushed prices higher, giving a cautious signal on the strength of the housing market.
Shares subdued by mixed China, euro zone PMI data
LONDON (Reuters) – World shares hovered near record highs on Thursday after downbeat Chinese manufacturing data kept pressure on Beijing for more stimulus and the Federal Reserve signalled higher U.S. interest rates are still some way off.
Greek optimism about imminent deal not justified: Schaeuble
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble told Reuters the Greek government’s optimism about clinching a cash-for-reforms deal with its lenders in days was not backed up by negotiations and he could not rule out Greece becoming inso…
Lenovo annual profit up 1 percent, missing forecasts, amid China smartphone competition
BEIJING/HONG KONG (Reuters) – Lenovo Group Ltd , the world’s biggest PC maker by sales, said on Thursday its annual net profit rose 1 percent to $829 million, slightly below analyst expectations, as intense competition in the Chinese smartphone market …
VW works council boss calls for cuts to management board
BERLIN (Reuters) – The head of Volkswagen’s works council wants a pared-down management structure at the carmaker, he told a German magazine, as the company takes stock after the ouster of Chairman Ferdinand Piech.
Japan unveils $110 billion plan to fund Asia infrastructure, eye on AIIB
TOKYO (Reuters) – Japan unveiled a plan on Thursday to provide $110 billion in aid for Asian infrastructure projects, as China prepares to launch a new institutional lender that is seen as encroaching on the regional financial clout of Tokyo and its al…
Airbus sees ‘significant’ number of orders at Paris Airshow
PARIS (Reuters) – Airbus expects to win a “significant number” of orders at next month’s Paris Airshow, a senior executive said on Thursday.
Deutsche Telekom to consider partner for T-Mobile US: CEO
COLOGNE, Germany (Reuters) – Deutsche Telekom will consider any partner that can improve profitability at its U.S. operations, its chief executive told the company’s annual shareholders meeting.
Japan auto lobby chief: hopes for report on Takata problems by year-end
TOKYO (Reuters) – The head of Japan’s auto lobby said on Thursday he hopes for an interim report on the cause of Takata Corp’s air bag problems by the end of the year from any one of the teams investigating the issue.
