Spanish CPI shock flags euro deflation risks
LONDON (Reuters) – The euro and benchmark German bond yields slid to three-week lows on Friday as a surprise fall in Spanish inflation bolstered investors’ bets the European Central Bank will ease policy next week to ward off the threat of deflation.
As China lists big businesses in Hong Kong, some investors query reform credentials
HONG KONG/BEIJING (Reuters) – China’s move to list one of its biggest state-run conglomerates in Hong Kong has left some investors questioning whether Beijing’s choice is about improving corporate management and welcoming foreign investors or cementing…
Tokyo court extends Mt. Gox bankruptcy investigation to May 9
TOKYO (Reuters) – A deadline for a court-mandated investigation into why bitcoin exchange Mt. Gox failed, and whether it should be revived under bankruptcy protection laws, has been extended to May 9, the company said in a brief statement on Friday.
China’s Baidu defeats U.S. lawsuit over censored search results
NEW YORK (Reuters) – Chinese Internet company Baidu Inc on Thursday won the dismissal of a U.S. lawsuit by pro-democracy activists who complained that Baidu illegally suppressed political speech on China’s most widely used Internet search engine.
Banks, issuers look to Indian election to end IPO drought
MUMBAI (Reuters) – After waiting nearly two years, India’s GMR Energy plans to file an IPO prospectus in coming days to raise about $250 million, sources with direct knowledge of the deal said, starting what bankers hope is an election-fuelled revival …
LME ruling creates ‘perfect storm’ for CME’s aluminum bid
NEW YORK (Reuters) – A British court ruling that has set back the London Metal Exchange’s sweeping warehouse reforms has handed CME Group an unexpected windfall just weeks before it launches an audacious challenge to the world’s biggest aluminum contra…
Fed’s Evans sees no rate rise before mid-2015
HONG KONG (Reuters) – The U.S. Federal Reserve will need to keep rates at rock bottom until late 2015 and then increase them only moderately over the next year because it would otherwise risk derailing a building economic recovery, a top Fed official s…
Ford investing $500 million to make new engine at Ohio plant
(Reuters) – Ford Motor Co will spend $500 million and create 300 jobs to upgrade an Ohio engine plant to make the new 2.7-liter six-cylinder EcoBoost engine for its best-selling F-150 pickup trucks, the company said on Friday.
Microsoft CEO signals new course with Office for iPad
SAN FRANCISCO (Reuters) – Microsoft Corp’s new Chief Executive Officer, Satya Nadella, finally unveiled Office for Apple Inc’s iPad in a polished debut that set him apart from his energetic predecessor while signaling his plans to make mobile apps the …
State regulators hire outside lawyer for dispute with SEC
WASHINGTON (Reuters) – State securities regulators have hired a former Securities and Exchange Commission lawyer to help them win a rare and high-stakes jurisdictional dispute with the SEC.
