China’s Li says to create 10 million jobs in 2015: China Daily
SHANGHAI (Reuters) – China’s Premier Li Keqiang pledged to create at least 10 million new jobs in 2015, the state run China Daily newspaper said on Tuesday, despite economic growth that slowed to its weakest pace in nearly a quarter of a century last y…
Petrobras may book $20 billion asset write-down: Veja magazine blog
SAO PAULO (Reuters) – Brazilian state-controlled oil company Petróleo Brasileiro SA could take a charge of about 52 billion reais ($20 billion) in its delayed third-quarter results to reduce the value of some assets, a Veja magazine blog said on Monday.
Qantas, Virgin use lower oil prices to absorb fuel surcharges
SYDNEY (Reuters) – Qantas Airways Ltd said on Tuesday it is restructuring its international tariffs to absorb fuel surcharges into base fares, adding that lower oil prices put airlines in a better position to invest in new aircraft, lounges and routes….
U.S. deficit to dip in 2015 as era of dramatic declines ends: CBO
WASHINGTON (Reuters) – The U.S. budget deficit will decline slightly to $468 billion this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said on Monday in a report heralding the end of a brief period o…
Microsoft profit falls on sluggish Windows, currency pressure
SEATTLE (Reuters) – Microsoft Corp on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the …
Toyota to move to merit-based pay for factory workers: Nikkei
(Reuters) – Toyota Motor Corp will change the way it pays factory workers, focusing on their performance rather than their seniority, the Nikkei reported on Monday.
Wall Street rises after Greek elections; energy climbs
NEW YORK (Reuters) – U.S. stocks edged higher on Monday as investors brushed off fears that a leftist victory in Greece would bring fresh crisis to the Eurozone and energy stocks advanced.
Ocwen calls investor claims baseless
(Reuters) – Mortgage servicer Ocwen Financial Group said on Monday a group of investors had no basis for claiming it failed to live up to its agreements to collect payments on $82 billion worth of home loans.
Siemens names new healthcare bosses, power head goes
MUNICH, Germany (Reuters) – German industrial group Siemens announced a major reshuffle of its management board on Monday, appointing a new team to run its healthcare business and saying the chief of its struggling power and gas unit would leave this w…
S&P downgrades Russia’s sovereign credit rating to ‘junk’
MOSCOW (Reuters) – Ratings agency S&P cut Russia’s sovereign credit rating to junk status on Monday, bringing it below investment grade for the first time in a decade.
