Aircraft demand spurs record gain in U.S. durable goods orders
WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods posted their biggest gain on record in July on strong overseas demand for aircraft, and the underlying trend also remained firm, pointing to brisk economic growth.
Burger King to buy Canada’s Tim Hortons for $11.5 billion
TORONTO, Aug 26 (Reuters) – Burger King Worldwide Inc announced plans to buy Canadian coffee and doughnut chain Tim Hortons Inc for C$12.64 billion ($11.53 billion) in a cash-and-stock deal that would create the world’s third-largest fast-food restaura…
Consumer Reports says Ram top pickup; Highlander top mid-size SUV
DETROIT (Reuters) – The Chrysler Group’s Ram 1500 EcoDiesel was named the top full-size pickup truck in the U.S. market and Toyota’s Highlander the top mid-size SUV by Consumer Reports, the magazine said on Tuesday.
U.S. consumer confidence hits nearly seven-year high in August
(Reuters) – U.S. consumer confidence rose in August to its highest level since October 2007 on improved feelings about the current state of the economy, according to a private sector report released on Tuesday.
U.S. home prices fall in June: S&P/Case-Shiller
NEW YORK (Reuters) – U.S. single-family home prices fell in June and disappointed expectations, a closely watched survey said on Tuesday.
Euro, bond yields dip as looser ECB policy eyed
LONDON (Reuters) – The euro hit its lowest level against the dollar in nearly a year and euro zone government bond yields fell to record lows on Tuesday on expectations the European Central Bank might ease monetary policy as soon as next week.
BOJ to stay bullish on prices even as it cuts Japan GDP estimate: sources
TOKYO (Reuters) – The Bank of Japan is likely to keep its bullish inflation outlook even as it cuts its economic growth forecast for this fiscal year in an October report, sources said, suggesting that the bank will not ease policy further at least unt…
BOJ to keep inflation view even as it cuts GDP estimate: sources
TOKYO (Reuters) – The Bank of Japan is likely to keep its bullish inflation outlook even as it cuts its economic growth forecast this fiscal year in an October report, sources said, suggesting the central bank will not ease policy further for at least …
Rising North American plane demand boosts leasing market: BOC Aviation
SINGAPORE (Reuters) – A pick-up in North America’s aviation market is providing a boost for the leasing industry as demand from Southeast Asian airlines starts to slow, according to the head of BOC Aviation, Asia’s second-biggest aircraft lessor.
China police seize 30,000 tonnes of tainted chicken feet
SHANGHAI (Reuters) – Chinese police have seized over 30,000 tonnes of tainted chicken feet, common on restaurant menus in China, in the latest food scandal to hit the country.
