European firms express concern over China antitrust probes
BEIJING (Reuters) – The European Union Chamber of Commerce in China on Wednesday expressed concern over a recent series of antitrust investigations, saying China was using strong-arm tactics and appeared to be unfairly targeting foreign firms.
Global stocks firmer as oil prices plumb 13-month low
LONDON (Reuters) – World stock markets ticked higher on Wednesday as brighter corporate results offset gloomy economic news from Asia and as oil prices plumbed 13-month lows as ample supply offset disruption risks posed by tensions in Iraq and Libya.
Unexpected drop in euro zone output clouds recovery hopes
BRUSSELS (Reuters) – Euro zone industrial production contracted unexpectedly in June, hurting hopes for a stronger recovery as the region feels the effect of conflict in Ukraine, Iraq and and Gaza.
China’s July economic data points to further softness
BEIJING (Reuters) – China’s economy showed further signs of softening in July despite a burst of government stimulus measures, suggesting more policy support may be needed to keep growth on track as a property downturn worsens.
Surprisingly weak China July money data cast doubts on recovery’s durability
BEIJING (Reuters) – The amount of money flowing into China’s economy slowed to the lowest level in nearly six years in July, adding to fears that a sustained recovery may be at risk in the second half of the year despite government efforts to shore up …
Banks push U.S. Fed to delay Volcker rule : WSJ
(Reuters) – Banks are lobbying U.S. policy makers for a delay of up to seven years from a provision requiring them to sell investments in private-equity and venture-capital funds, the Wall Street Journal reported, citing people familiar with the matter…
SEC to examine alternative mutual funds : WSJ
(Reuters) – The Securities and Exchange Commission has launched a broad examination of alternative mutual funds, the Wall Street Journal reported, citing people familiar with the matter.
Water deal could force another delay in Detroit bankruptcy trial
(Reuters) – A federal judge could once again push back the start date for the trial on Detroit’s exit from the largest municipal bankruptcy in U.S. history after some creditors said on Tuesday a possible settlement is snarling key components of the res…
Exclusive: Argentine debt mediator expects more meetings ahead
NEW YORK (Reuters) – Daniel Pollack, the court-appointed mediator in the debt dispute between Argentina and holdout creditors, who has come under fire from the Argentine government for his handling of the talks, expects to hold more meetings with both …
SEC to examine alternative mutual funds : WSJ
(Reuters) – The Securities and Exchange Commission has launched a broad examination of alternative mutual funds, the Wall Street Journal reported, citing people familiar with the matter.
