U.S. services, private sector growth accelerate in March: Markit
NEW YORK (Reuters) – U.S. private sector economic activity growth accelerated in March at a faster clip than in February as the services sector picked up, even as business creation showed warning signs, an industry report showed on Wednesday.
Global shares hit two-week highs on upbeat U.S. data, Ukraine calm
LONDON (Reuters) – European and Asian shares climbed to two-week highs on Wednesday, with investor confidence getting a boost from upbeat U.S. data, talk of fresh central bank stimulus and diminishing concern over Ukraine.
Nissan recalling over one million vehicles for airbag issue
DETROIT (Reuters) – Nissan Motor Co is recalling 1,053,479 vehicles globally, mostly in the United States, to fix software that could deactivate the front passenger airbag.
Lufthansa cancels 600 flights on Thursday due to strike
FRANKFURT (Reuters) – Lufthansa , Germany’s largest airline, said it had cancelled around 600 flights – about a third of its services – on Thursday due to a planned strike by public-sector workers across the country’s airports.
Cash-rich Toyota to buy back shares worth up to $3.5 billion
TOKYO (Reuters) – Toyota Motor Corp will buy back up to 1.89 percent of its shares worth up to 360 billion yen ($3.5 billion) in what would be the automaker’s biggest buyback in more than a decade.
Fed’s Bullard says U.S. jobless rate expected to fall below six percent this year
HONG KONG (Reuters) – The U.S. unemployment rate will fall below 6 percent by the end of this year, a Federal Reserve official said on Wednesday, offering a bullish view on the country’s economy after central bank comments sent shock waves through fina…
U.S. banks brace for second Fed health check in a week
WASHINGTON (Reuters) – U.S. banks will tell shareholders on Wednesday how much they plan to pay out after the U.S. Federal Reserve unveils whether they can afford the cost and still be robust enough to weather the next crisis.
The quiet Australian: Trafigura’s new chief cut from a different cloth
NEW YORK (Reuters) – For decades, Trafigura’s co-founder and Chief Executive Officer Claude Dauphin has been the epitome of the successful commodity trader, a demanding workaholic who traveled to harsh frontiers in search of raw materials to sell at a …
Mt. Gox says working with police in missing bitcoin probe
TOKYO (Reuters) – In the first confirmation of a criminal investigation at Mt. Gox, the failed Tokyo-based bitcoin exchange said on Wednesday it was working with the police “with regard to the disappearance” of bitcoins worth some $490 million at curre…
Exclusive: Carlyle seeking to buy a traditional asset manager
NEW YORK (Reuters) – Carlyle Group LP is considering buying a traditional money manager to broaden its own investment platform, as the private equity firm tries to attract more retail investors and achieve the higher stock market valuation commanded by…
