EU insurance watchdog warns on low interest rate threat
FRANKFURT (Reuters) – Nearly one in four European insurers could have trouble meeting financial obligations to policy holders in the coming years if rock bottom interest rates persist, the EU’s insurance watchdog EIOPA said on Sunday.
In fading Japan hinterland, scepticism doubt ‘Abenomics’ will cure ills
AKITA CITY, Japan (Reuters) – Mihoko Asaka wants to know how candidates in this month’s election in Japan will create jobs and halt the drastic population decline that is bleeding her home region of youth and vitality, but has little hope they will off…
Israel to stagger purchase of second F-35 batch
JERUSALEM (Reuters) – Israel will stagger the purchase of its second batch of 31 U.S.-made F-35 fighter jets over the next three years, an Israeli defense official said on Sunday after budget wrangling among Prime Minister Benjamin Netanyahu’s top cabi…
Hong Kong counts cost of protests on city’s core shopping districts
HONG KONG (Reuters) – Hong Kong is expected to report a drop in October retail sales on Monday, providing the first broad look at the impact of pro-democracy protests on core shopping areas after demonstrators blocked key roads and scared off mainland …
Germany’s Schaeuble says ministers to discuss Greek credit line early Dec
BERLIN (Reuters) – Eurozone finance ministers will discuss in early December conditions for providing Greece with credit when its current aid program expires, German Finance Minster Wolfgang Schaeuble said on Sunday.
Bricks-and-mortar sales edge lower at start of holiday season; online surges: data
(Reuters) – U.S. shoppers spent slightly less money at brick-and-mortar stores on Thanksgiving Day and Black Friday than across the same two days in 2013, while online sales surged to record highs, data showed on Saturday.
Inside Takata, tantrums, but little sense of crisis over air bags
TOKYO (Reuters) – Shigehisa Takada, the third-generation head of Takata Corp, shows little sense of the crisis engulfing the Japanese air bag maker at the center of one of the auto industry’s biggest safety recalls, according to three people who have m…
Iran: OPEC decision not good for all members but won’t protest
DUBAI (Reuters) – OPEC’s decision to retain its production ceiling is not beneficial to all OPEC member states, but Iran has refrained from protesting to maintain group solidarity, Iranian oil ministry news agency Shana reported the oil minister as say…
GSK to axe U.S. jobs as part of $1.6 billion cost cuts: sources
LONDON (Reuters) – GlaxoSmithKline will this week inform U.S. staff of hundreds of job cuts in its biggest market as the drugmaker starts implementing a major cost-saving program, sources familiar with the matter said on Sunday.
QE or not QE? Spotlight on the ECB as inflation dips
PARIS (Reuters) – The ECB’s monthly rate meeting will focus minds this week on the debate over quantitative easing in the euro zone, as a series of data releases on both sides of the Atlantic sheds more light on European woes and U.S. strength.
