French court overturns Mercedes sales ban
PARIS (Reuters) – France’s top administrative court has overturned the French government’s decision last year to ban the sale of certain Mercedes vehicles in a dispute over air-conditioning coolant.
Ford recalls about 4,000 Super Duty F-Series trucks for transmission issue
DETROIT (Reuters) – Ford Motor Co is recalling almost 4,000 commercial versions of its F-Series full-size pickup truck, mostly in the United States, because they could slip into reverse and increase the risk of a crash, according to documents filed wit…
China to extend over $12 billion in aid to Africa
BEIJING (Reuters) – Chinese Premier Li Keqiang unveiled extra aid for Africa totaling at least $12 billion on Monday, and offered to share advance technology with the continent to help with development of high-speed rail, state news agency Xinhua repor…
Apple on medical tech hiring spree, a possible hint of iWatch plans
SAN FRANCISCO (Reuters) – Apple Inc is building a team of senior medical technology executives, raising hackles in the biotechnology community and offering a hint of what the iPhone maker may be planning for its widely expected iWatch and other wearabl…
Ukraine tensions, Chinese data sour sentiment
LONDON (Reuters) – European stocks slipped in thin trade on Monday after soft Chinese manufacturing data, while simmering tensions in Ukraine underpinned safe-haven government bonds and gold.
Ukraine’s largest bank suspends cash operations in east
KIEV (Reuters) – Ukraine’s largest bank has temporarily closed branches in separatist-held Donetsk and Luhansk, saying it could no longer carry out cash transactions in regions riddled with crime that could “threaten the lives” of its workers.
China’s ‘ordinary’ billionaire behind grand Nicaragua canal plan
BEIJING (Reuters) – Wang Jing, the enigmatic businessman behind Nicaragua’s $50 billion Interoceanic Grand Canal, shrugs off skepticism about how a little-known entrepreneur can be driving a huge transcontinental project, insisting he’s not an agent of…
Australia central bank seen on hold even as tough budget looms
SYDNEY (Reuters) – Australia’s central bank is almost certain to maintain a neutral policy bias this week with a batch of data likely to point to an economy that is picking up speed, uncomfortable reading for a government preparing voters for a tough f…
China unleashes yuan bears, but can it cage them again?
SHANGHAI (Reuters) – Beijing’s attack on yuan speculators has proven extraordinarily successful, so much so that traders no longer see it as a short-term intervention but a deeper market shift that has now gained a self-reinforcing momentum.
China’s half-year report card on economic reform: slow, safe and steady
(Reuters) – Six months into China’s grand economic makeover, Beijing is playing it safe, choosing gradual progress on many fronts over game-changing, riskier reforms such as removing all controls over bank interest rates.
