France defends billion-euro guarantee demand in UBS probe
PARIS (Reuters) – A 1.1 billion euro ($1.48 billion) guarantee payment demanded by French judges of Swiss bank UBS reflects the size of the fine it could pay if found guilty of helping wealthy French customers avoid tax, the French prosecutor’s office …
European stocks rise on euro zone data; sanctions hit Russia
LONDON (Reuters) – European stocks hit 2 1/2-week highs and the euro rallied from eight-month lows against the dollar on Thursday after the region’s private sector expanded at its fastest rate in three months in July.
American Airlines declares first dividend since 1980 as profit rises
(Reuters) – American Airlines Group Inc said on Thursday it will pay its first dividend since 1980 and buy back stock as it reported higher second-quarter earnings.
In China, Apple’s focus pays off while Samsung feels squeeze
BEIJING (Reuters) – The mobile industry has long held that Samsung’s broad range of mobile devices makes it nimble in changing markets, while Apple loses out by rigidly sticking to its high-end gadgets.
Boeing reaches plane parts deal with Iran
PARIS (Reuters) – U.S. planemaker Boeing has disclosed an agreement with Iran to provide airplane parts, relaxing a three-decade freeze in ties as part of a broader package of sanctions relief.
China probes food businesses; Hong Kong bans imports in meat safety scare
SHANGHAI (Reuters) – China’s food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away as J…
Former BES CEO Salgado detained, to appear before judge: official
LISBON (Reuters) – Ricardo Espirito Santo Salgado, the patriarch of Portugal’s beleaguered Espirito Santo banking family and former CEO of Banco Espirito Santo , was detained by law officials on Thursday and will appear before a judge, prosecutors said…
China July HSBC flash PMI at 18-month high
BEIJING (Reuters) – China’s factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures kick…
POSCO aims to raise $2 billion by end-2015 through restructuring
SEOUL (Reuters) – South Korea’s POSCO aims to raise about 2 trillion won ($1.95 billion) by the end of 2015 through restructuring efforts, the steelmaker said after reporting quarterly earnings on Thursday.
Euro zone business on solid footing in July but firms cut prices – PMI
July 24, (Reuters) – The euro zone’s private sector expanded at the fastest rate in three months in July, although faster growth in new business was driven mainly by companies cutting prices again, surveys showed on Thursday.
