Signs point to March meeting for ECB decision on printing money
FRANKFURT (Reuters) – Momentum is building for the European Central Bank to launch a program of sovereign-bond buying to boost the struggling euro zone economy with most signs pointing to March for a decision.
Factory activity growth at 10-month low in November: Markit
NEW YORK, Dec 1 (Reuters) – The U.S. manufacturing sector slowed in November to its lowest rate of growth since January, while gauges of new orders and output also fell to their lowest levels since January, an industry report showed on Monday.
Chemical maker Huntsman to cut about 900 jobs
(Reuters) – Huntsman Corp said it would cut about 900 jobs and that it was exploring options to reduce capacity at its titanium dioxide, or white pigment, business.
China’s Dalian Wanda in talks to buy stake from Lions Gate: Bloomberg
BEIJING (Reuters) – Chinese conglomerate Dalian Wanda Group Co, one of the biggest theater operators in the United States, is in talks to buy a stake in U.S. film studio Lions Gate Entertainment Corp., Bloomberg News said on Monday.
Daimler to spend 100 million euros to expand German battery output
FRANKFURT (Reuters) – Daimler will spend about 100 million euros ($125 million) in coming years to increase production of lithium-ion batteries in eastern Germany.
China conglomerate Fosun to sweeten bid for Club Med: sources
PARIS (Reuters) – Chinese billionaire Guo Guangchang is set to sweeten his bid for the struggling French holiday group Club Mediterranee to trump Italian tycoon Andrea Bonomi’s offer in France’s longest-running takeover battle.
Euro zone companies come home as Asian costs rise
MILAN (Reuters) – After years of moving production to Asia, some European companies are following the example of their U.S. counterparts and coming home.
Deutsche Bahn seeks $2.6 billion damages from airlines
BERLIN (Reuters) – State-controlled German rail company Deutsche Bahn [DBN.UL] is seeking a total of about 2.1 billion euros ($2.6 billion) in damages in Germany and United States from air freight carriers that were involved in a cartel.
EU antitrust regulators to decide on Novartis, GSK deals by January 14
BRUSSELS (Reuters) – European Union antitrust regulators will decide by Jan. 14 whether to clear two asset trade deals between Swiss drugmaker Novartis and British rival GlaxoSmithKline, the European Commission said on Monday.
Asia, Europe factory activity slackens despite price cuts
LONDON/SYDNEY (Reuters) – Manufacturing growth across Asia and Europe eased in November as heavy price cutting failed to revive demand, surveys showed on Monday, more evidence that a feeble global recovery may be grinding to a halt.
