EU/China solar deal offers no dumping protection: EU producers
BRUSSELS (Reuters) – The European Union’s deal to end a trade dispute over solar panels with China risks creating a downward spiral of prices, further damaging the EU producers it is designed to protect, their association said on Wednesday.
China July official PMI seen hitting eight-month high
BEIJING (Reuters) – Activity in China’s vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus …
Euro touches eight-month low, European shares fall
LONDON (Reuters) – The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were at record lows ahead of inflation data expected to boost the case for further European Central Bank policy easing.
Euro touches eight-month low, European shares fall
LONDON (Reuters) – The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were at record lows ahead of inflation data expected to boost the case for further European Central Bank policy easing.
Amazon to invest $2 billion more in India as e-commerce race heats up
MUMBAI (Reuters) – Amazon.com Inc on Wednesday said it will invest a further $2 billion in India just a day after the country’s largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce s…
China’s local GDP data points to recovery, rebalancing
BEIJING (Reuters) – China’s regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity.
Fed seen trimming bond buys, could offer vague rate clues
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday looks certain to press forward with its plan to wind down its bond-buying stimulus, and could offer some vague clues on how much nearer it might be to finally raising interest rates.
Argentine debt talks end without deal as default looms
NEW YORK/BUENOS AIRES (Reuters) – Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation faces a possible defa…
Toyota says first-half global sales rise 3.8 pct
TOKYO (Reuters) – Toyota Motor Corp said its first-half groupwide global sales rose 3.8 percent to 5.097 million vehicles, achieving a record for first-half sales as its reign at the top of the global auto industry comes under threat from Volkswagen AG…
Tobacco tax law cost U.S. billions in revenue: report
WASHINGTON (Reuters) – A 2009 law that raised federal taxes to discourage smoking cost the U.S. government billions of dollars in lost revenue as manufacturers relabeled products and consumers shifted to cheaper pipe tobacco and large cigars, the U.S. …
