Ferrari chairman dismisses talk of Alitalia job
MODENA Italy (Reuters) – Ferrari Chairman Luca Cordero di Montezemolo has dismissed press speculation that he could become the next chairman of ailing airline Alitalia once it is rescued by Gulf-based Etihad Airways.
Fed-fueled stocks fly, dollar sags; oil nine-month high on Iraq
London(Reuters) – Global stocks and emerging market assets rallied on Thursday after the U.S. Federal Reserve signaled that rising inflation won’t trigger an interest rate rise any time soon, while Iraq turmoil sent crude oil futures to their highest t…
Facebook website returns to service after crash
(Reuters) – Facebook Inc.’s FB.O website crashed briefly on Thursday, temporarily preventing computer and mobile phone users from reaching the site around the globe.
Japan business mood defies economic headwinds, backs BOJ optimism
TOKYO/AKITA Japan (Reuters) – Confidence of Japanese manufacturers held steady in June while the service-sector mood rebounded from the prior month, an encouraging sign for the economy as it tries to hold its ground in the face of soft exports and weak…
Japan business mood defies economic headwinds, backs BOJ optimism
TOKYO/AKITA Japan (Reuters) – Confidence of Japanese manufacturers held steady in June while the service-sector mood rebounded from the prior month, an encouraging sign for the economy as it tries to hold its ground in the face of soft exports and weak…
Alcoa and Novelis steel for next test in aluminum auto race
(Reuters) – Aluminum giants Alcoa Inc and Novelis Inc spent decades wooing Detroit’s automakers to toss out their heavy steel vehicle bodies and overhaul their factories in order to mass produce vehicles made out of lighter aluminum.
Citigroup names Slaughter as head of Asia-Pacific investment bank
HONG KONG (Reuters) – Citigroup Inc has named Mark Slaughter as Asia-Pacific head of corporate and investment banking (CIB), the U.S. bank said in a statement on Thursday.
Sony CEO says not thinking of splitting off entertainment business
TOKYO (Reuters) – Sony Corp Chief Executive Kazuo Hirai said on Thursday that the Japanese consumer electronics company was not thinking of splitting off or listing its entertainment business.
Fed keeps faith in recovery, bumps up expected rate-hike path
WASHINGTON (Reuters) – The Federal Reserve on Wednesday expressed confidence the U.S. economic recovery was on track and hinted at a slightly more aggressive pace of interest rate increases starting next year.
U.S. says basic outline in place for international services trade deal
WASHINGTON (Reuters) – The outline of an international trade deal opening up services markets is in place, U.S. Trade Representative Michael Froman said on Wednesday, ahead of the next round of negotiations next week.
