LVMH and eBay settle litigation over fake goods
PARIS (Reuters) – LVMH Moet Hennessy Louis Vuitton and eBay Inc have settled a long-running court battle over the sale of counterfeit luxury goods on the U.S. company’s online auction website.
New Russia sanctions rattle markets, ruble tumbles
LONDON (Reuters) – A tightening of Western sanctions on Russia rattled world markets on Thursday, sending Moscow stocks and the ruble tumbling and lifting traditional safe-haven currencies and bonds.
Euro zone June inflation unchanged at low levels as expected
BRUSSELS (Reuters) – Euro zone inflation stayed low as expected in what the European Central Bank calls the “danger zone” in June as falling prices of food and phone calls offset more expensive tobacco and restaurants, data showed on Thursday.
GSK confirms it fired staff for corruption in China in 2001
LONDON (Reuters) – GlaxoSmithKline said it fired staff in China for bribing officials in 2001 in a case that predates wider allegations of corruption for the British drugmaker in the country by more than a decade.
Nissan’s Ghosn wary of Japan PM Abe target of 30 percent women in top jobs
TOKYO (Reuters) – Nissan Motor Co Chief Executive Carlos Ghosn raised doubts over Japanese Prime Minister Shinzo Abe’s call to appoint women to 30 percent of top jobs by 2020, saying rushing to meet such a target could set the firm and its staff up for…
Japan government raises economy view as sales tax hangover fades
TOKYO (Reuters) – Japan’s government raised its assessment of the economy on Thursday because a decline in consumer spending after a sales tax increase is starting to fade due to improving consumer sentiment and a tight labor market.
Drugmaker Novartis to eke out more cost savings to lift margins
ZURICH (Reuters) – Swiss drugmaker Novartis posted a quarterly rise in sales that missed expectations and said it would focus on eking out gradual cost savings to boost margins as it prepares a radical business overhaul.
Asian shares slip, euro probes lows
TOKYO (Reuters) – Asian equities dipped on Thursday, giving up earlier modest gains as Chinese shares fell, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve was tilting towards tighter monetary policy.
ECB will reveal unprecedented amount of data after bank stress tests
LONDON (Reuters) – The European Central Bank (ECB) on Thursday laid out plans to publish a trove of data on individual banks – ranging from measures of their leverage to a standard level of non-performing loans – on individual banks when it completes a…
Are markets poised for Taper Tantrum 2.0?
SAN FRANCISCO/NEW YORK (Reuters) – Investors may be ignoring subtle warnings from the Federal Reserve that a rate rise may come sooner than they think, setting the stage for another painful market contraction much like last year’s “taper tantrum.”
