China August FDI falls to lowest in at least two-and-a-half years
BEIJING (Reuters) – China’s foreign direct investment inflows in August fell to a low not seen in at least 2-1/2 years, underscoring the challenges to growth facing the world’s second-biggest economy.
Detroit reaches bankruptcy deal with fiercest creditor
DETROIT (Reuters) – Detroit on Monday officially settled with one of its fiercest creditors, removing a major hurdle for the city to exit its historic bankruptcy but possibly creating another delay in the trial on restructuring its $18 billion in debt …
Wal-Mart spokesman resigns over false information in resume: Bloomberg
(Reuters) – Wal-Mart Stores Inc’s Chief Spokesman David Tovar resigned after the company allegedly found that he had lied about his academic record in his resume, Bloomberg reported, citing a person familiar with the matter.
Exclusive: Colombia may pre-finance 2015 borrowing needs – finance minister
NEW YORK (Reuters) – Colombian Finance Minister Mauricio Cardenas said on Monday the government could start early to pre-finance some of its estimated $3 billion in 2015 borrowing needs by tapping international capital markets before year-end.
After standoff, Vale and China’s Cosco both claim shipping victory
RIO DE JANEIRO/SHANGHAI (Reuters) – In the end, the answer to Brazilian miner Vale’s Chinese shipping problem turned out to be in the problem itself.
GE exec says avoided geared design in jet engine battle with Pratt
(Reuters) – General Electric Co avoided using a geared design for its new engine for narrowbody jets because of concerns about weight and reliability, said a top GE executive on Monday as it battles with rival Pratt & Whitney for billions of dollars in engine orders.
Alibaba boosts IPO as demand strengthens
HONG KONG/NEW YORK (Reuters) – Alibaba Group Holding Ltd [IPO-BABA.N] raised the price range on its initial public offering to $66 to $68 on Monday, reflecting strong demand from investors for the year’s most anticipated debut and potentially the world…
Exclusive: U.S. safety chief raps GM’s ‘flawed’ culture on recalls
(Reuters) – The top U.S. auto safety regulator harshly criticized General Motors Co for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a “new normal” for saf…
Senior BNP Paribas energy traders quit; bank denies downsizing
(Reuters) – Two senior BNP Paribas energy traders in New York have left, but the Paris-based bank said on Monday it was not downsizing its U.S. commodity and energy businesses.
Tesla prevails in top Massachusetts court over direct sales
(Reuters) – Massachusetts’ highest court on Monday threw out a lawsuit seeking to block Tesla Motors Inc from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships.
