Aeropostale secures $150 million credit facility from Sycamore Partners
(Reuters) – Aeropostale Inc said it secured a $150 million credit facility from private equity firm Sycamore Partners, in what could be a lifeline for the struggling teen apparel retailer.
Orange names French treasury chief as chief financial officer
PARIS (Reuters) – France’s state-backed telecom group Orange named Ramon Fernandez, a top civil servant who now serves as the country’s Treasury chief, as its next chief financial officer effective in September.
Draghi: ECB aware of risks from persistently low inflation
SINTRA Portugal (Reuters) – European Central Bank President Mario Draghi said on Tuesday the bank was aware of the risks from prices remaining too low for too long and the ECB was equipped to get inflation back to its target again.
World share markets up on ECB hopes
NEW YORK, (Reuters) – World share markets climbed closer to record levels on Tuesday on expectations the European Central Bank will extend its easy monetary policy, while gold slipped to a one-month low following upbeat U.S. economic data.
Three U.S.-based former Barclays traders appear in UK court
LONDON (Reuters) – Three ex-traders from banking group Barclays appeared in a London court on Tuesday as Britain began criminal proceedings against U.S.-based Libor traders, part of a global investigation into alleged rigging of benchmark interest rate…
U.S. consumer confidence rises in May
NEW YORK (Reuters) – U.S. consumer confidence rose in May as consumers saw the economy, including the labor market, in a better light, according to a private sector report released on Tuesday.
U.S. services sector expands at faster pace in May: Markit
NEW YORK, May 27 (Reuters) – The U.S. services sector expanded in May at its fastest rate since March 2012 as employment creation accelerated, an industry report showed on Tuesday.
Airbus Group CEO says key projects on track, eyes higher output
PARIS (Reuters) – Airbus is studying further increases in production of its best-selling A320 jet family from 2018 after reaching a targeted level of 46 a month in 2016, the chief executive of parent Airbus Group said on Tuesday.
U.S. durable goods orders rise on defense, but business spending plans weak
WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods unexpectedly rose in April, but a drop in a measure of business capital spending plans could temper expectations for a sharp rebound in economic growth this quarter.
China President stresses market forces in reforms: media
BEIJING (Reuters) – China President Xi Jinping has emphasized the importance of free markets in the country’s economic reforms, state media said on Tuesday, another indication that the government is persevering with plans to bring about sweeping change…
