Japan PMI shows manufacturing picked up in third-quarter, more data needed for tax hike decision
TOKYO (Reuters) – Japan’s manufacturing activity picked up in the third quarter, a survey showed, but economists say they need more information on wages and consumer spending to determine whether the government should raise the sales tax again next yea…
ECB to keep loose policy ‘for long time’: Draghi
PARIS (Reuters) – The European Central Bank will keep monetary policy loose for as long as it takes to push ultra-low inflation in the euro zone back up closer to the two percent level, its president Mario Draghi said on Wednesday.
TNT Express warns of lower margins, competition fine
AMSTERDAM (Reuters) – Dutch logistics company TNT Express warned on Wednesday that low growth in Europe would hit margins in the third quarter and announced it was setting aside 50 million euros to settle an anti-competitiveness investigation by French…
Toshiba says to invest $1 billion in Southeast Asia over next five years
TOKYO (Reuters) – Japan’s Toshiba Corp said on Wednesday that it plans to invest $1 billion in Southeast Asia over the next five years to expand its business in the region.
Air France abandons Transavia Europe plans: minister
PARIS (Reuters) – Air France is withdrawing plans to develop its Transavia Europe budget unit that are at the heart of a labour dispute with pilots, French Transport Minister Alain Vidalies told RMC radio on Wednesday.
GM expects to sell over three million cars in China this year: Tsien
SHANGHAI (Reuters) – General Motors Co expects to sell over three million vehicles in China for the second straight year in 2014, with its premium brand forecast to grow 40 percent, the U.S. carmaker’s China President Matthew Tsien said on Wednesday.
Hyundai Motor land bid sparks strikes, complicates labor talks
SEOUL (Reuters) – A $10 billion bid by Hyundai Motor Co and two affiliates for a plot of land in Seoul could delay resolution of perennially contentious wage talks, with auto workers angered by news of the deal striking for a second day on Wednesday.
Aircraft lessors wary as new rivals crowd into aviation
ISTANBUL (Reuters) – Aircraft leasing companies voiced confidence in steady jetliner demand, but warned new aviation investors that they may take a painful hit when central banks start unwinding their efforts to stimulate the economy.
Citizens Financial’s IPO prices below expected range at $21.50
(Reuters) – Citizens Financial Group Inc said its initial public offering was priced at $21.50 per share, valuing the U.S. unit of Britain’s Royal Bank of Scotland at about $12 billion.
Oracle’s Ellison took smaller pay package in fiscal 2014
(Reuters) – Oracle Corp’s Larry Ellison, who is stepping aside as chief executive officer, took less money home in fiscal 2014 that the year before following criticism of his compensation and concerns about the software company’s struggles against smaller rivals.
