Lehman’s London staff win $300 million pensions fight
LONDON (Reuters) – More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle to receive their money from parts of the collapsed U.S. investment bank.
UK inflation falls more than expected; 2014 rate rise less likely
LONDON (Reuters) – British inflation fell more than expected in July and surging house price growth slowed in June, making it less likely the Bank of England will raise interest rates this year.
U.S. consumer prices rise modestly in July
WASHINGTON (Reuters) – U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while.
U.S. consumer prices rise modestly in July
WASHINGTON (Reuters) – U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while.
U.S. housing starts, permits surge in July
WASHINGTON (Reuters) – U.S. housing starts and building permits rebounded strongly in July, suggesting the housing market recovery was back on track after stalling in the second half of last year.
Goldman to face Libya’s sovereign wealth fund in court over trades
LONDON (Reuters) – Goldman Sachs and Libya’s sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position of trust by encouraging the fund to invest more than $1 billion in trades that ended up worthless…
Stocks head higher as risk appetite returns
LONDON (Reuters) – Global stocks rose and money-market rates fell to new lows on renewed investor appetite for risk on Tuesday, as investors breathed easier over the Ukraine crisis and saw monetary policy remaining accommodative.
China antitrust regulator fines two Japan auto parts makers
TOKYO (Reuters) – Two Japanese automotive bearings makers said on Tuesday a Chinese regulator has ordered them to pay fines for violating antitrust laws as Beijing intensifies its scrutiny of business practices in the auto sector.
AirAsia denies report it weighing a bid for Japan’s Skymark
SINGAPORE (Reuters) – Malaysia’s AirAsia Bhd dismissed a media report that it is weighing a bid for Japan’s embattled Skymark Airlines Inc , saying it is focused on a budget airline it is setting up with Japanese partners.
Dollar General enters race for Family Dollar with $8.95 billion bid
(Reuters) – Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping a bid by Dollar Tree Inc and aiming to strengthen its dominance of a growing segment of retailers serving penny-pinching customers.
