China takes first step to steady economic growth
BEIJING (Reuters) – China acted for the first time this year to steady its stumbling economy by cutting taxes for small firms on Wednesday and announcing plans to speed up the construction of railway lines.
How to run or ruin a company in 140 characters
LONDON (Reuters) – When Nat Rothschild, the co-founder of troubled miner ARMS, insulted his former investment partner on Twitter last week, he showed the power of social media for business leaders seeking publicity – but also the perils of saying the w…
BlackBerry severs sales ties with T-Mobile US
TORONTO (Reuters) – BlackBerry Ltd said it would not renew a deal allowing T-Mobile US Inc to sell its products, a gamble by the smartphone maker as it struggles to stabilize its business under an aggressive new chief executive officer.
Global shares extend rally, euro firm in pre-ECB jockeying
LONDON (Reuters) – World stocks added a bit to their recent rally and the safe-haven yen sagged to a 10-week low on Wednesday, as investors focused on the positive in a mixed bag of global economic data.
EU regulators fine Goldman Sachs, Prysmian for cable cartel
BRUSSELS (Reuters) – Investment bank Goldman Sachs, the world’s top cablemaker Prysmian, Nexans and eight cable firms were fined a total of 302 million euros ($416 million) by EU antitrust regulators on Wednesday for running a cartel.
Chrysler to recall nearly 870,000 SUVs for brake problem
(Reuters) – Chrysler Group said on Wednesday it would recall nearly 870,000 vehicles to fix a defect in the brake systems following complaints about excessive brake-pedal firmness.
Lufthansa grounded by three-day pilot strike
FRANKFURT (Reuters) – A three-day strike by pilots at Lufthansa over early retirement, which has grounded Germany’s largest airline, shows no sign of ending early after management said there would be no further talks during the strike period.
U.S. private job growth accelerates in March: ADP
NEW YORK (Reuters) – U.S. companies picked up the pace of hiring in March, signaling the dampening effects of harsh winter weather on job growth may be fading, a report by a payrolls processor showed on Wednesday.
IMF ramps up loan conditions despite promises, study finds
WASHINGTON (Reuters) – The number of conditions the International Monetary Fund attaches to its loans has grown in recent years, despite promises to limit what critics see as onerous requirements, according to a study released on Wednesday.
U.S. mortgage applications fell last week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages fell last week on lower refinancing demand, an industry group said on Wednesday.
