Reuters poll: Chance ECB buys sovereign bonds rises to even odds – traders
BANGALORE (Reuters) – There is now an even chance the European Central Bank will buy sovereign bonds, according to a Reuters poll of traders taken after the Bank of Japan shocked markets by unexpectedly expanding its already massive asset buying progra…
Banks set aside up to $7 billion as UK currency settlement looms
LONDON (Reuters) – Major banks have set aside almost $7 billion for potential settlements with regulators investigating allegations of collusion and manipulation in foreign exchange markets, the first of which could come in Britain later this month.
Euro zone factory growth sluggish in October as prices fall: PMI
LONDON, Nov 3 (Reuters) – Euro zone manufacturing activity expanded slightly slower than first thought last month as further discounts at the factory gate failed to drive up new orders, a business survey showed on Monday.
Strong dollar squeezes oil, China data limits stock gains
LONDON (Reuters) – The dollar powered to a seven-year peak against the yen and a two-year high against the euro on Monday, extending gains after the Bank of Japan’s latest stimulus and punishing oil and gold priced in the U.S. currency.
Factory growth ebbs in Europe & Asia, making case for more stimulus
LONDON/SYDNEY (Reuters) – Factories across Asia and the euro zone reported a general loss of momentum last month that speaks volumes about the need for more policy stimulus on top of Japan’s latest efforts to ignite growth.
China Oct PMIs point to cooling economic momentum, growth target at risk
BEIJING (Reuters) – China’s economy lost further momentum heading into the fourth quarter as a cooling property market weighed on activity and export demand softened, surveys showed on Monday, putting Beijing’s official target for the year at even grea…
Apple plans investor call ahead of a potential bond sale: WSJ
(Reuters) – Apple Inc is planning an investor call on Monday ahead of a potential bond sale, the Wall Street Journal reported, citing a banker working on the deal.
German manufacturing sector rebounds in Oct after Sept dip: PMI
BERLIN, Nov 3 (Reuters) – German factory activity rebounded in October after shrinking slightly in September for the first time in over a year, although there are signs of weak domestic demand in Europe’s largest economy, a survey showed on Monday.
East German town shows ‘flourishing landscapes’ within reach at last
SONNEBERG Germany (Reuters) – Once hemmed in by the Iron Curtain, the eastern German town of Sonneberg has undergone something of an economic miracle, proving that the long, painful transition from communism can bear fruit at last.
China pledges mergers, private investment in shipping industry reform
SHANGHAI (Reuters) – China has issued further guidance to support and modernize its shipping industry, saying it would encourage mergers and private investment as well as develop its cruise industry.
