U.S. services sector activity growth slows in October: Markit
NEW YORK (Reuters) – The pace of growth in the U.S. services sector slowed in October compared with the previous month to its lowest level in six months, a survey showed on Monday.
BlackRock lowered fees on three fixed income funds
(Reuters) – BlackRock is lowering the fees on its Total Return Fund , Low Duration Fund and Core Bond Fund , according to a filing with the Securities and Exchange Commission Monday morning.
SEC standoff stalls Bank of America’s mortgage settlement: Bloomberg
(Reuters) – A standoff within the U.S. Securities and Exchange Commission is stalling the final piece of Bank of America Corp’s record $16.65 billion settlement with the U.S. government tied to troubled mortgage-backed securities, Bloomberg News report…
Weak German business morale weighs on global shares, euro
LONDON (Reuters) – European shares and the euro gave up early gains as weakening German business morale doused investor enthusiasm over slightly better-than-expected bank stress test results.
Revamp to help to boost Raiffeisen Zentralbank’s capital
VIENNA (Reuters) – Raiffeisen Zentralbank (RZB) [RZB.UL], which passed European bank stress tests at the weekend, would have looked more strongly capitalized if funds raised this year and a new capital regime were included, it said on Monday.
Italy market watchdog bans short selling on Monte Paschi shares
MILAN (Reuters) – Italy’s Consob has banned short selling on Monte dei Paschi’s shares on Monday and Tuesday, the Italian market regulator said in a statement.
Tesla offers leasing options for new Model S in U.S.
(Reuters) – Tesla Motors Inc unveiled a leasing policy for its new Model S with an option for buyers in the United States to return the car within three months of purchase.
Worried on low inflation, Fed seen offering soothing words
NEW YORK (Reuters) – The U.S. Federal Reserve this week will likely reinforce its stated willingness to wait a long while before hiking interest rates after a volatile month in financial markets that saw some measures of inflation expectations drop wor…
Obama plans executive actions to strengthen U.S. manufacturing
WASHINGTON (Reuters) – President Barack Obama will launch a series of executive actions on Monday to strengthen U.S. advanced manufacturing, including a $300 million investment in three technologies considered crucial to the country’s industrial compet…
Saab finalizes $5.4 billion Brazil order for 36 fighter jets
STOCKHOLM (Reuters) – Swedish aerospace firm Saab has finalised a $5.4 billion order to sell 36 fighter jets to Brazil, one of the most valuable defense contracts up for grabs in an emerging market.
