Industrial output falls on mining, utilities
WASHINGTON (Reuters) – Industrial production recorded its biggest drop in more than 2-1/2 years in March, weighed down by a decline in mining and utilities output, fresh evidence that economic growth slowed sharply in the first quarter.
All or nothing gives way to new deal for fund ‘star’ wantaways
LONDON (Reuters) – After watching billions of dollars of investor cash follow “star” managers exiting rivals, some Britain-based fund firms have taken a novel step to help cushion the blow: let the manager take their fund’s assets with them.
Abu Dhabi’s Etihad Airways CEO warns Europeans against protectionism
ABU DHABI (Reuters) – The boss of Abu Dhabi’s Etihad Airways has warned Europe that it will suffer if it restricts the access of foreign carriers to its market, in a fresh effort by fast-growing Gulf airlines to head off what they see as Western protec…
Delta Air Lines first-quarter profit beats expectations
(Reuters) – Delta Air Lines Inc on Wednesday reported first-quarter profit that topped analysts’ expectations as cheap fuel continued to help its bottom line.
Barclays investors urged to reject CEO’s pay award
LONDON (Reuters) – Barclays Plc shareholders should reject the British bank’s remuneration policy, as pay for Chief Executive Antony Jenkins is “excessive”, a shareholder advisory group said on Wednesday.
Germany says aid payout to Greece in April unrealistic
BERLIN (Reuters) – The German government said on Wednesday that it was unrealistic to expect euro zone countries to be able to pay out a new tranche of aid to Greece this month.
China growth slowest in six years, more stimulus expected soon
BEIJING (Reuters) – China grew at its slowest pace in six years at the start of 2015 and weakness in key sectors suggested the world’s second-largest economy was still losing momentum, intensifying Beijing’s struggle to find the right policy mix to sho…
Europe shares at 14-year high on generous central banks
LONDON (Reuters) – European shares hit a 14-year high on Wednesday before a meeting at which the European Central Bank is expected to affirm its loose policy stance, as weak data from China raised prospects of monetary easing there too.
Xiaomi-backed Chinese firm acquires iconic scooter maker Segway
BEIJING (Reuters) – Chinese transportation robotics firm Ninebot said on Wednesday it has acquired U.S. rival Segway Inc, the company behind the self-balancing scooter that became a technological marvel when it was launched in the early 2000s but whose…
UK watchdog fines Bank of New York Mellon $185 million
LONDON (Reuters) – Britain’s markets regulator has fined Bank of New York Mellon 126 million pounds ($185.30 million) for failing to keep customer money safe during the financial crisis.
