The master who teaches the Merrill herd to graze on wheatgrass and chia
NEW YORK (Reuters) – At a retreat for Merrill Lynch financial advisers in a luxury Orlando hotel last month, a group of several dozen men and women in business attire swung their arms back and forth over their heads to Kid Rock’s “All Summer Long” to g…
Euro zone risks self-fulfilling loss of momentum: ECB’s Coeure
FRANKFURT (Reuters) – The euro zone economy is at risk of slipping into a self-fulfilling loss of growth momentum, European Central Bank Executive Board member Benoit Coeure said on Sunday, underlining the ECB’s readiness to act if needed.
Volvo Cars says begins XC60 production in China
STOCKHOLM (Reuters) – Geely-owned Volvo Car Group said on Sunday it had begun production of its best-selling XC60 crossover at its plant in Chengdu, taking a further step toward supplying locally-produced cars in China as well as opening the door to ov…
Kuroda sprang easing surprise to head off damaging inflation forecast
TOKYO (Reuters) – The Bank of Japan Governor not only surprised the markets with his latest splurge of monetary easing. He sprang it on his own board members just two days earlier, jolted into action to stop them making a low-ball forecast that might h…
U.S. rules out major Trans-Pacific trade announcement at APEC
BEIJING (Reuters) – There will be no “major announcement” on a Washington-backed Asia-Pacific free trade deal during a meeting of leaders from the region in Beijing this week, U.S. Trade Representative Michael Froman said on Sunday.
India’s finance minister vows to push land purchase reform
NEW DELHI (Reuters) – India will push ahead with reform to a land purchase law blamed by business for slowing industrial projects, even if there is resistance to loosening the rules, Finance Minister Arun Jaitley said on Sunday.
China president says risks to economy ‘not that scary’
BEIJING (Reuters) – The risks faced by China’s economy are not that scary and the government is confident it can head off the dangers, President Xi Jinping told global business leaders on Sunday to dispel worries about the world’s second-largest econom…
Wal-Mart to focus on food safety in China: Asia chief
BEIJING (Reuters) – Wal-Mart Stores Inc is focusing on food safety as the world’s largest retailer aims to boost profitability of its more than 400 stores in China, Wal-Mart Asia chief executive Scott Price told Reuters.
Brazil’s Embraer says strike blocking ‘critical operations’
SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Saturday that a strike that began this week stopped it from delivering planes, processing bills and conducting other “critical operations” after union workers blocked factory doors.
China to establish $40 billion Silk Road infrastructure fund
BEIJING (Reuters) – China will contribute $40 billion to set up a Silk Road infrastructure fund to boost connectivity across Asia, President Xi Jinping announced on Saturday, the latest Chinese project to spread the largesse of its own economic growth….
