Russia orders temporary closure of one more McDonald’s restaurant
MOSCOW (Reuters) – Russian food safety watchdog said on Monday it had ordered the temporary closure of one McDonald’s restaurant in the southern Stavropol region over sanitary violations.
BOC Aviation orders Boeing planes worth $8.8 billion
SINGAPORE (Reuters) – BOC Aviation, the leasing arm of Bank of China , has placed the biggest order in its 20-year history for 80 Boeing medium-haul passenger planes, weeks after lessor SMBC Aviation ordered 115 Airbus jets.
Exclusive: IRS enforcement agent numbers could drop to lowest levels since 1970s
NEW YORK (Reuters) – Budget pressures at the Internal Revenue Service’s Criminal Investigation Division are cutting the number of investigators there to the lowest level in four decades, and officials say the changes are forcing the division to scale b…
German car parts suppliers asked to form JVs in China: Stuttgarter
FRANKFURT/SHANGHAI (Reuters) – Three German car parts suppliers have been told by China they can no longer manage their Chinese units independently but need to form partnerships with local peers, the chief executive of auto parts maker ElringKlinger to…
German business morale sours in August as Ukraine crisis weighs
BERLIN (Reuters) – German business sentiment dropped for a fourth straight month in August as concerns about the Ukraine crisis and the impact of sanctions against Russia sweep through corporate boardrooms in Europe’s largest economy.
Euro falls, stocks rise on ECB stimulus bet
LONDON (Reuters) – The euro fell to a near one-year low against the dollar and euro zone stocks and bonds rallied on Monday as investors positioned for rising chances of further policy easing by the European Central Bank.
Dollar in demand as stimulus talk dogs euro, yen
SYDNEY (Reuters) – The dollar marched higher against the euro and yen on Monday as investors wagered that interest rates were set on a diverging course in the United States, Europe and Japan, giving a lift to Tokyo stocks in the process.
Roche to buy U.S. biotech firm InterMune for $8.3 billion
LONDON/ZURICH (Reuters) – Roche Holding AG has agreed to buy U.S. biotech company InterMune Inc for $8.3 billion in cash, marking the latest multibillion-dollar deal in a consolidating pharmaceutical sector.
French economy minister urges alternative to German austerity
PARIS (Reuters) – The time has come for France to resist Germany’s “obsession” with austerity and promote alternative policies across the euro zone that support household consumption, firebrand French Economy Minister Arnaud Montebourg said on Sunday.
Market leaders seen taking S&P 500 to 2,000
NEW YORK (Reuters) – U.S. stocks have been on a roll of late, with the S&P 500 hitting the latest in a series of records on Thursday, and investors expect the index’s momentum to soon carry it to – if not far past – the 2,000 milestone.
