Exclusive: China ready to cut rates again on fears of deflation – sources
BEIJING (Reuters) – China’s leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources inv…
Falling inflation a worry for Europe but also the world
LONDON (Reuters) – European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy.
Sweden’s Wallenberg dynasty prepares for sixth generation
STOCKHOLM (Reuters) – Jacob Wallenberg, the 58-year-old head of one of Europe’s most enduring family dynasties, is trying to work out how the empire controlling much of Sweden’s economy could look with a woman or someone without the family name at the …
Putin stands by hawkish Russian central bank – for now
MOSCOW (Reuters) – With Russia’s economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float.
Europe not at risk of full-blown deflation: ECB’s Constancio
FLORENCE Italy (Reuters) – Europe is not at risk of sliding into “full deflation” but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Saturday.
China’s rate-cut likely to hurt banks, curb new loans to small borrowers
SHANGHAI (Reuters) – China’s latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.
Giving thanks for big stock gains
NEW YORK (Reuters) – U.S. stock investors head into the Thanksgiving holiday thankful for the market’s recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.
Visa sees Visa Europe option now costing more than $10 billion
(Reuters) – Visa Inc , the world’s largest credit and debit card company, said it might have to pay more than $10 billion to buy its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to sell it.
Lockheed, Pentagon ink $4.7 billion deal for eighth batch of F-35 fighters
WASHINGTON (Reuters) – The Pentagon said on Friday it had awarded Lockheed Martin Corp a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 perce…
European Parliament may propose Google break-up in draft resolution
By Alexei Oreskovic, Julia Fioretti and Alastair Macdonald
