Carlyle raises $1 billion for second financial-companies fund
(Reuters) – Private equity firm Carlyle Group LP said on Monday it had raised $1 billion for its second fund focused on buying and selling financial institutions such as wealth managers and insurance firms, almost three years after it began fundraising…
U.S. existing home sales, inventory surge in May
WASHINGTON (Reuters) – U.S. home resales rose more than expected in May and the stock of properties for sale was the highest in more than 1-1/2 years, suggesting that housing was pulling out of a recent slump.
U.S. existing home sales, inventory surge in May
WASHINGTON (Reuters) – U.S. home resales rose more than expected in May and the stock of properties for sale was the highest in more than 1-1/2 years, suggesting that housing was pulling out of a recent slump.
U.S. manufacturing expands in June at fastest rate in four years: Markit
NEW YORK (Reuters) – The U.S. manufacturing sector expanded more strongly than expected in June, with the rate of growth and key subindexes advancing to their highest levels in more than four years, an industry report showed on Monday.
U.S. manufacturing expands in June at fastest rate in four years: Markit
NEW YORK (Reuters) – The U.S. manufacturing sector expanded more strongly than expected in June, with the rate of growth and key subindexes advancing to their highest levels in more than four years, an industry report showed on Monday.
Abe’s ‘drill bit’ hits resistance on Japan labor reform
TOKYO (Reuters) – When Prime Minister Shinzo Abe vowed at the World Economic Forum in Davos to take a “drill bit” to the “solid rock” of vested interests in reforming Japan’s economy, executives at companies such as General Electric and IBM paid attent…
Merkel ally criticizes French over Alstom deal
BERLIN (Reuters) – A conservative ally of Chancellor Angela Merkel accused France on Monday of showing “ice-cold” national interests in choosing GE over Siemens for an alliance with Alstom, and also questioned whether Paris had the fiscal leeway to buy…
American Apparel board rejects demand to meet Charney: source
(Reuters) – The independent directors of maverick retailer American Apparel Inc have rejected a demand to meet and reinstate ousted CEO Dov Charney on Monday, a source close to the matter said.
Gloomy French data hits European shares, Iraq keeps oil high
LONDON (Reuters) – European shares fell on Monday after euro zone business activity data showed growth slowing, with France a notable laggard, in contrast with upbeat numbers from China that lifted Asian shares and the Australian dollar.
After port fraud, China’s vast warehouse sector under scrutiny
SYDNEY/SHANGHAI (Reuters) – Shaken by a fraud investigation into metal financing in the world’s seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China’s sprawling warehouse sect…
