Weak investment, trade drive second quarter contraction in German economy
BERLIN (Reuters) – Weak investment spending and slow trade led Germany to contract for the first time in over a year in the second quarter, data showed, suggesting Europe’s largest economy is running out of steam just as the impact of the crisis in Ukr…
Retreat in China’s PMIs heightens calls for policy easing
BEIJING (Reuters) – Growth in China’s vast factory sector cooled in August as foreign and domestic demand slowed, two surveys showed on Monday, spurring new calls for more policy easing to prevent the economy from stumbling once more.
Britain’s Barclays to sell Spanish assets to Caixabank
MADRID (Reuters) – Barclays is selling its Spanish retail and corporate banking operations to Caixabank, the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul.
China manufacturing slowdown ripples through region
SYDNEY (Reuters) – Growth in China’s vast factory sector slackened in August as foreign and domestic demand slowed, stoking speculation that further policy easing would be needed to prevent the economy from stumbling once more.
Tantrums, concubines, hotpot burns and smog: China insurers have it covered
HONG KONG (Reuters) – Your child throws a tantrum and smashes something? Take out “naughty child insurance”. Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer World Cup, burning yo…
Citi to pay allowance to compensate for limited bonuses
(Reuters) – Citigroup Inc has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times re…
Citi to pay allowance to compensate for limited bonuses
(Reuters) – Citigroup Inc has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times re…
UK manufacturing growth cools as export orders slip: EEF
LONDON (Reuters) – Britain’s main manufacturing trade association trimmed its growth forecast for 2014 on Monday after its members reported the first fall in export orders since early 2013.
Qantas stays loyal to its frequent flyer ‘cash cow’
SYDNEY (Reuters) – Australia’s flagship airline, Qantas Airways Ltd , is making a mint helping other companies keep their customers – even as it struggles to retain the loyalty of its own.
China banks seek new lending horizons as bad debts rise
SHANGHAI/HONG KONG (Reuters) – Grappling with a slowing economy, China’s biggest banks are turning their back on mainstay borrowers like manufacturers and courting high growth industries such as healthcare, food and IT in a bid to boost revenue.
