EU’s Schulz warns before summit Greek finances are ‘dangerous’
BERLIN (Reuters) – European Parliament President Martin Schulz said on Thursday, shortly before EU leaders meet in Brussels, that Greece’s financial situation was “dangerous” and it needed two to three billion euros in the short term to avoid bankruptc…
SNB keeps deposit charges and interest rates unchanged, signals franc intervention
ZURICH (Reuters) – The Swiss National Bank kept a charge on some cash deposits steady at -0.75 percent on Thursday, but said it would remain active in foreign exchange markets to weaken what it sees as a “significantly overvalued” franc.
Euro zone has not yet fully overcome debt crisis, says Merkel
BERLIN (Reuters) – German Chancellor Angela Merkel said on Thursday that the return of growth and a fall in unemployment levels in the euro zone showed much progress had been made in the bloc, but that the debt crisis had not been completely overcome.
Fed rate hike view hurts Asia FX sentiment; yuan exception: Reuters poll
SINGAPORE (Reuters) – Bearish bets on most emerging Asian currencies increased in the last two weeks, with short positions in the Singapore dollar at a six-year high, as the Federal Reserve moved closer to raising interest rates, a Reuters poll showed …
Japan’s Sharp to cut 6,000 jobs in global restructuring: source
TOKYO (Reuters) – Japan’s loss-making Sharp Corp intends to cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan said on Thursday.
Spain’s bank fund says will not bail out BPA’s Banco Madrid,
MADRID (Reuters) – Spain’s bank restructuring fund (FROB) said late on Wednesday it would not bail out the Spanish affiliate of Andorra’s Banca Privada d’Andorra (BPA) Banco Madrid, clearing the way for insolvency proceedings at the lender.
Japan public pensions to follow GPIF into stocks from JGBs: sources
TOKYO (Reuters) – Three Japanese public pension funds with a combined $250 billion in assets will follow the mammoth Government Pension Investment Fund and shift more of their investments out of government bonds and into stocks, two people involved in …
Starbucks partners drinks maker Tingyi to expand in China
SHANGHAI/SEATTLE (Reuters) – Starbucks Corp will partner Taiwanese drinks maker Tingyi Holding Corp to produce and sell ready-to-drink (RTD) beverages in China, becoming the latest global firm to latch on to a local peer to expand in the tricky market….
Japan automobile demand seen down 5.4 percent in FY2015/16: auto lobby
TOKYO (Reuters) – Japanese demand for new cars, trucks and buses is expected to fall 5.4 percent to 4.99 million vehicles in the fiscal year ending in March 2016, the auto industry lobby said on Thursday.
Japan says three citizens killed in Tunisia attack, not five
TOKYO (Reuters) – Three Japanese citizens were killed in an attack on Tunisia’s national museum and not five as Tunisia said, Japanese government officials said on Thursday.
