U.S. labor market tightening; inflation still muted
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week to near a 15-year low, indicating the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in …
Exclusive: Avago shows interest in Xilinx, Renesas, Maxim – sources
(Reuters) – Avago Technologies Ltd, looking to acquire a fellow chipmaker, has reached out to potential targets including Xilinx Inc, Renesas Electronics Corp and Maxim Integrated Products Inc, according to people familiar with the matter.
Oil down on ample supply as June Brent expires
NEW YORK (Reuters) – Oil futures pulled back on Thursday as ample global supply weighed on prices while Brent’s front-month June contract headed to expiration.
Fed staff says first quarter slowdown was real, not a fluke of statistics
WASHINGTON (Reuters) – Make no mistake: the U.S. economy’s dismal first quarter was, in fact, a dismal first quarter, not a statistical fluke in the way U.S. gross domestic product is measured, Federal Reserve staff concluded on Thursday.
Monsanto’s Syngenta gambit hinges on sale of seed businesses: sources
LONDON/FRANKFURT (Reuters) – U.S. seeds giant Monsanto is trying to line up buyers for assets worth up to $8 billion to appease competition authorities before making a fresh takeover approach for Swiss Syngenta, possibly within three weeks, industry so…
U.S. companies rush to insulate themselves against Venezuela’s currency, economic woes
CARACAS/NEW YORK (Reuters) – A growing number of U.S. companies say they can’t cope with Venezuela’s sinking bolivar currency, prompting some of them to remove their operations in the South American nation from their consolidated financial reports. In other cases, they have exited the country altogether through a sale or by simply shuttering their businesses there.
Greece offers privatization concession as Germany stays tough
ATHENS (Reuters) – Greece on Thursday offered a concession to its international lenders by pushing ahead with the sale of its biggest port, Piraeus.
U.S. capital spending seen falling to four-year low in 2015
NEW YORK (Reuters) – U.S. corporate spending on capital projects could fall this year to the lowest level since 2011, with steep reductions by the energy industry and companies in other sectors cutting spending amid broad concerns about global growth.
Honda adds to Takata air bag recalls; global tally now around 36 million
TOKYO (Reuters) – Honda Motor Co on Thursday recalled close to 5 million vehicles fitted with potentially faulty Takata Corp air bag inflators, as investigations showed the problem behind one of the biggest auto safety crises may be more widespread tha…
Credit cards bolster Citigroup in UAE, Bahrain and Poland
DUBAI (Reuters) – The United Arab Emirates, Bahrain and Poland have emerged as Citigroup’s top consumer markets in the Europe, Middle East and Africa (EMEA) region, a senior executive told Reuters, as the bank focuses on growth areas.
