Nestle plans to invest $138 million in Egypt in next few years
CAIRO (Reuters) – Swiss food giant Nestle plans to invest about 1 billion Egyptian pounds ($137.93 million) in Egypt in the next few years and believes economic reforms could deliver results, its regional CEO said on Monday.
China seen posting weakest annual growth in 24 years, will spur more stimulus
BEIJING (Reuters) – China is likely to post its weakest growth since the global financial crisis in the fourth quarter as its property market cooled, reinforcing expectations the government will have to roll out more stimulus measures to avoid a sharpe…
Oil slips $1 on China economy worries, record Iraq output
(Reuters) – Brent crude oil prices fell below $49 a barrel and U.S. crude also fell more than $1 on Monday after the global economic outlook darkened and Iraq announced record oil production.
Markets expect decade of below-target inflation even as ECB readies QE
LONDON (Reuters) – Days before the European Central Bank is expected to deploy its ultimate monetary easing weapon, financial markets are showing no sign of confidence that it will push inflation anywhere near target in the next decade.
Iran sees no OPEC shift toward a cut, says oil industry could withstand $25 crude
DUBAI (Reuters) – Iran sees no sign of a shift within OPEC toward action to support oil prices, its oil minister said, adding its oil industry could ride out a further price slump to $25 a barrel.
Lufthansa, cabin crew seek mediation in labor dispute
FRANKFURT (Reuters) – Lufthansa and cabin crew have agreed to mediation in their dispute over retirement benefits, the airline and trade union UFO said on Monday, as the risk of further costly labor strikes looms over the German carrier.
EU health chief says no clear majority yet for U.S. trade deal
BERLIN (Reuters) – No clear majority has so far emerged among EU states for a free-trade agreement between the European Union and the United States and both sides need to explain the benefits of such a deal, the EU’s health chief said.
Hong Kong’s embattled leader falls short on housing promises
HONG KONG (Reuters) – Hong Kong leader Leung Chun-ying took power in 2012 with a pledge to make housing more affordable, but since then both home prices and the waiting list for public housing have jumped by a third, stoking calls for him to step down….
BOJ faces crunch time as oil slump threatens inflation target
TOKYO (Reuters) – Bank of Japan policymakers gathering for a rate review this week will face the daunting task of coming up with a reason why they can hold off on expanding stimulus for now, even as slumping oil prices keep inflation further away from …
Caution rules ahead of ECB meeting, China data
SYDNEY (Reuters) – Asian share markets were looking to edge higher on Monday, though anxious investors were wary of being disappointed yet again by economic news from China and policy stimulus in the euro zone.
