Banks to return 4.15 billion euros in crisis loans to ECB next week
FRANKFURT (Reuters) – Banks will return 4.15 billion euros ($5.56 billion) in long-term loans to the European Central Bank next week after the ECB started to charge for holding banks’ excess cash overnight and promised more long-term loans.
BOJ offers bleaker exports view, but Kuroda stays upbeat
TOKYO (Reuters) – The Bank of Japan offered a bleaker view on exports and output a week before data is expected show the biggest contraction in economic activity since the global financial crisis, heightening concerns a rebound may be delayed and incre…
BMW sales up 8.4 percent in July but lead over Audi shrinks
BERLIN/FRANKFURT (Reuters) – BMW’s lead over German rival Audi is shrinking, despite increasing deliveries in July, as the luxury-car leader posts lower volume growth in the United States and Europe.
China posts record trade surplus, but domestic economy may lag
BEIJING (Reuters) – China’s buoyant exports pushed its trade surplus to a record in July, fuelling optimism global demand will help counter pressure on the domestic economy from a weakening property sector.
Nissan closes gap with Honda in U.S. thanks to stylish designs, discounts
DETROIT (Reuters) – For more than 25 years, the contest among Japanese car makers in North America has been a two-horse race, led by Toyota with Honda in second place and Nissan in the rear view mirror -trailing far behind. Not anymore.
Pfizer confronts surge of lawsuits over Lipitor
(Reuters) – Pharmaceutical giant Pfizer is facing a mounting wave of lawsuits by women who allege that the company knew about possible serious side effects of its blockbuster anti-cholesterol drug Lipitor but never properly warned the public.
Arab Bank Plc faces Hamas financing trial in U.S.
NEW YORK (Reuters) – Arab Bank Plc goes on trial next week in New York over claims that it provided material support to the Palestinian group Hamas, in what one of the plaintiffs’ lawyers said is the first terrorism financing case against a bank to go …
U.S. meat supplier OSI withdraws products made in Shanghai factory
HONG KONG (Reuters) – U.S. meat supplier OSI Group LLC [OSIGP.UL] is withdrawing products made in a Shanghai factory from undisclosed outlets in the wake of a food safety scare last month that hit fast food chains McDonald’s and Yum Brands Inc’s KFC.
Asian shares skid as Obama authorizes air strikes in Iraq
TOKYO (Reuters) – Asian shares tumbled on Friday as investors sought out safe-haven assets on growing fears that conflicts in Ukraine and the Middle East could sap global growth, extending losses after U.S. President Obama said he had authorized air st…
Former Calpers board member charged with bribery in corruption case
(Reuters) – A federal grand jury indicted on Thursday a former Calpers board member on charges of bribing a chief executive of the California public pension fund and faking documents to gain million of dollars in investments fees.
