U.S. business investment plans fall for seventh straight month
WASHINGTON (Reuters) – U.S. business investment spending plans fell for a seventh straight month in March, likely weighed down by a strong dollar and lower energy prices, suggesting the economy could struggle to rebound from a soft patch hit at the sta…
Xerox cuts 2015 profit forecast due to strong dollar
(Reuters) – Xerox Corp, cut its 2015 profit forecast, blaming a strong dollar, and reported quarterly revenue below Wall Street’s expectations, hurt mainly by lower printer sales and higher costs.
Volvo to make new generation of small cars in Belgium and China: CEO
SHANGHAI (Reuters) – Sweden’s Volvo Cars will produce at its Belgian factory a small car based on a common platform and engine technology developed with Chinese parent Zhejiang Geely Holding Group [GEELY.UL], Volvo’s chief said.
‘Smaller and simpler’ mantra rings through banking boardrooms
LONDON (Reuters) – Deutsche Bank’s expected move to sell much of its retail banking business will see it join a growing list of banks choosing to shrink and simplify to survive.
Equities at all-time high after Nasdaq record
LONDON (Reuters) – Global equity markets rode to new all-time highs on Friday, with positive corporate updates in Europe and a post-dotcom-boom peak for the U.S. Nasdaq stoking investor optimism.
Biogen quarter-one results disappoint Wall Street as Tecfidera sales slow
(Reuters) – Biogen Inc posted lower-then-expected quarterly profit and revenue as its key oral multiple sclerosis (MS) drug Tecfidera showed signs of slowing growth, sending the company’s shares down 3 percent in premarket trading on Friday.
Exclusive: China plans greater yuan convertibility inside and outside FTZs
BEIJING (Reuters) – China plans to take a giant step toward making the yuan more convertible by extending a pilot scheme allowing the currency to be traded with few restrictions to all its free trade zones, before taking the scheme nationwide later thi…
Asian central banks to ease further, but effects may be muted: Reuters poll
BENGALURU (Reuters) – Emerging Asian central banks are expected to cut interest rates again in the coming months, but economists polled by Reuters are doubtful the moves will significantly boost growth or inflation.
China says employment resilient despite slower economic growth
BEIJING (Reuters) – China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labor ministry warned that authorities cannot be “blindly optimistic” as the pace of job creation is slo…
UBS Wealth cuts allocation to U.S., UK stocks
LONDON (Reuters) – UBS Wealth Management, the world’s biggest wealth manager, has cut its positions in U.S. and UK stocks, betting that euro zone shares offer the best value and growth prospects, the firm’s chief investment officer said in a note to cl…
