U.S. consumer confidence rises in June
NEW YORK (Reuters) – U.S. consumer confidence rose in June to the highest level since January 2008, according to a private sector report released on Tuesday.
Vincent Bollore gives first clues on his vision for Vivendi
PARIS (Reuters) – Billionaire French businessman Vincent Bollore gave the first hints of his strategy for Vivendi as he took over as chairman on Tuesday, saying he saw the potential to grow its media assets while also paying a healthy dividend.
U.S. home prices up less than forecast in April: S&P/Case-Shiller
NEW YORK (Reuters) – U.S. single-family home prices rose less than expected in April, a closely watched survey said on Tuesday.
Post bailout, Portugal’s banks must prove the worst is over
LISBON (Reuters) – A month after Portugal emerged from its international bailout, its lenders are far from the promised land they might have hoped for.
S&P’s Kraemer: euro zone has much to do to cut debt, boost growth
LONDON (Reuters) – Euro zone countries still have much work to do to cut debt and boost growth and their credit ratings are unlikely to rise until they get their economies into better shape, a senior Standard & Poor’s official said on Tuesday.
Arrow or Dart? Japan’s Abe unveils latest reform plan
TOKYO (Reuters) – Prime Minister Shinzo Abe unveiled a package of measures on Tuesday aimed at boosting Japan’s long-term economic growth, from phased-in corporate tax cuts to a bigger role for women and foreign workers, but applause from investors is …
A flexible yuan can help China cope with bigger capital flows: central bank
BEIJING (Reuters) – China needs to make the yuan more flexible to cope with possible rises in capital flows, a senior researcher at the People’s Bank of China (PBOC) said on Tuesday.
Subdued Ifo takes M&A shine off European stocks
LONDON (Reuters) – European stocks and major currency and bond markets struggled for direction on Tuesday, underpinned by manufacturing data from China, Japan and the United States the previous day but unnerved by growing signs of economic weakness in …
Dean Foods, Clorox subpoenaed in Icahn insider-trading probe: WSJ
(Reuters) – U.S. authorities have sought information from Dean Foods Co and Clorox Co in connection with an insider-trading investigation of billionaire investor Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter.
Japan unveils latest instalment of ‘Third Arrow’ reforms
TOKYO (Reuters) – Prime Minister Shinzo Abe unveiled a package of measures on Tuesday aimed to boost Japan’s long-term economic growth, from phased-in corporate tax cuts to a bigger role for women and foreign workers, but applause from investors is lik…
