McDonald’s to resume full menu in Beijing, Guangzhou this week
HONG KONG/SHANGHAI (Reuters) – McDonald’s Corp , which has over 2,000 restaurants in China, will restore its full menu in some Chinese cities this week, a fortnight after a food safety scandal forced the company to halt the sale of staples such as Big …
China repeats promise to increase investment, speed up reforms
BEIJING (Reuters) – China will increase investment in areas including the property sector, while authorities will advance wide-ranging economic reforms such as changing the fiscal and pricing systems, the country’s powerful economic planning agency sai…
Will Europe’s banking “big bang” loosen lending?
PARIS (Reuters) – In the biggest advance in European integration since the launch of the euro in 1999, the European Central Bank will take charge of supervising banks from Helsinki to Lisbon in November after subjecting their books to unprecedented scr…
Will Europe’s banking “big bang” loosen lending?
PARIS (Reuters) – In the biggest advance in European integration since the launch of the euro in 1999, the European Central Bank will take charge of supervising banks from Helsinki to Lisbon in November after subjecting their books to unprecedented scr…
Safety violations at China auto factory led to dust blast: Xinhua
HONG KONG (Reuters) – Chinese officials have blamed the chairman of a car parts factory in eastern China and local regulators for safety breaches that led to the most deadly industrial accident in a year, the official Xinhua news agency reported on Mon…
Portugal in $6.6 billion rescue of Banco Espirito Santo
LISBON (Reuters) – Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank, testing the euro zone’s resilience to another banking crisis just months after Lisbon exited an international bailout.
Portugal in $6.6 billion rescue of Banco Espirito Santo
LISBON (Reuters) – Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank, testing the euro zone’s resilience to another banking crisis just months after Lisbon exited an international bailout.
Iliad may face tough battle cutting costs at T-Mobile
WASHINGTON (Reuters) – French telecoms firm Iliad will be hard-pressed to meet its goal of generating $2 billion in additional annual operating profit at T-Mobile US Inc by cutting costs and slashing prices if its takeover bid is accepted, analysts sai…
Toyota dreams of green car future, but tied to gas-guzzler present
TOKYO (Reuters) – Toyota Motor Corp is hitching its future to green cars, investing billions of dollars in gasoline-electric hybrids and fuel-cell vehicles, but for now its record profit performance is being powered largely by a gas-guzzling U.S. marke…
After China port fraud probe, messy legal fight chills metal trade
HONG KONG/SHANGHAI (Reuters) – As global banks and trading houses fire off lawsuits over their estimated $900 million exposure to a suspected metal financing fraud in China, the tangled legal battle to recoup losses is set to drag on for years and hind…
