Brazil govt plans Petrobras asset-backed debt offer -minister
BRASILIA/SAO PAULO (Reuters) – The Brazilian government is working on a plan to help embattled state-controlled oil producer Petrobras borrow money through an offering of asset-backed securities before year end, Mines and Energy Minister Edison Lobão said on Thursday.
Solid U.S. retail sales point to brisk consumer spending
WASHINGTON, Dec 11 (Reuters) – U.S. consumer spending advanced at a brisk clip in November as lower gasoline prices gave the holiday shopping season a boost, offering the latest sign of underlying momentum in the economy.
Exclusive: Aston Martin looks to raise funds for new models – sources
PARIS/LONDON (Reuters) – Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with knowledge of the matter said, as the loss-making sports car maker steps up its turnaround efforts …
Investors call for Standard Chartered to plan for life after Sands
LONDON (Reuters) – Standard Chartered is being urged to plan for life beyond Peter Sands after a strategy update last month failed to restore confidence in the chief executive among some investors.
Selloff slows as timid loan take-up boosts bets on ECB QE
LONDON (Reuters) – A selloff in world stocks slowed on Thursday as oil prices steadied at a five-year low and lacklustre demand for virtually- free ECB money stoked expectations the bank will have to resort to full-blown quantitative easing.
Exclusive: Emirates raps Airbus for A380 comment, dangles huge order
(Reuters) – The head of Dubai-based airline Emirates has reacted angrily to a suggestion by Airbus that it might stop making its A380 superjumbo airliner, telling Reuters it could double its investment if the planemaker agreed to upgrade the A380 inste…
Airbus sales chief campaigning for more A380 orders
BERLIN (Reuters) – Planemaker Airbus is working on four campaigns to sell more of its A380 super jumbo, its sales chief said on Thursday.
Exclusive: China tells banks to step up lending to lift flagging growth
BEIJING/SHANGHAI (Reuters) – China has told its banks to lend more in the final months of 2014 and relaxed enforcement of loan-to-deposit ratios to expand credit, sources told Reuters, as Beijing prepares to release data that could confirm the relentle…
Burger King to save millions in U.S. taxes in ‘inversion’: study
WASHINGTON (Reuters) – Fast food chain Burger King will avoid hundreds of millions of dollars in U.S. taxes if, as planned, it completes its pending buyout of Canadian coffee-and-doughnuts chain Tim Hortons, a tax activist group said on Thursday.
Wal-Mart says found China pricing discrepancies in 2011
(Reuters) – Wal-Mart Stores Inc said it discovered discrepancies in pricing and inventory at its China operations in 2011 and has since reinforced its compliance policies in the country.
