China fines NU Skin, eyes tighter direct-sales control
SHANGHAI (Reuters) – China has fined NU Skin Enterprises Inc more than $500,000 for illegal product sales and misleading local consumers, the country’s watchdog said in a statement on Monday, adding it would strengthen regulation of the country’s direc…
China data hits Europe shares, Crimea keeps nerves taut
LONDON (Reuters) – European shares edged lower on Monday after further signs of a slowdown in China, although robust data from France and Germany limited their decline.
JPMorgan top China banker Fang to leave amid hiring probe
HONG KONG (Reuters) – JPMorgan Chase & Co’s chief executive for China investment banking, Fang Fang, will leave the firm, according to an internal memo – a departure that comes amid a probe of JPMorgan hiring practices in Asia.
EU’s plans for growth to bring shadow banking in from the cold
LONDON (Reuters) – European Commission proposals due to be published on Thursday on how to fund long-term investments to boost Europe’s economies brings the start of a rehabilitation for the image of “shadow banking”, the largely unregulated market-bas…
New worries on China growth as flash PMI shows contraction
BEIJING (Reuters) – China’s manufacturing engine contracted in the first quarter of 2014, a preliminary private survey showed on Monday, raising market expectations of government stimulus to arrest a loss of momentum in the world’s second-largest econo…
South Korea boosts air defenses with about $6.8 billion budget for F-35s
SEOUL (Reuters) – South Korea expects to pay around 7.34 trillion won ($6.79 billion) for 40 Lockheed Martin F-35 fighter jets, two sources with knowledge of the matter said on Monday, as Seoul boosts its air defenses amid simmering tensions in the reg…
Mexico’s Oceanografia CEO held for questioning in Citigroup fraud case
MEXICO CITY (Reuters) – The chief executive of a major Mexican oilfield services company was held for questioning on Saturday in connection with a fraud investigation that forced Citigroup to cut its 2013 profit, the federal attorney general’s office s…
Apple in talks with Comcast for streaming-TV service: WSJ
(Reuters) – Apple Inc is in talks with Comcast Corp to enter into a deal for a streaming-television service that would allow Apple set-top boxes to bypass congestion on the web, the Wall Street Journal reported, citing people familiar with the matter.
Many business economists see first U.S. rate hike this year
WASHINGTON (Reuters) – Many business economists expect the Federal Reserve to start raising U.S. interest rates as early as this year, in contrast to forecasts on Wall Street where the consensus is much more solidly in 2015.
Gunvor pins future on Swedish CEO after Russian co-founder exits
NEW YORK (Reuters) – In 2007, when Torbjorn Tornqvist first emerged from the shadows of the Geneva-based oil trading empire he helped build, he had one message to tell: Russian President Vladimir Putin has nothing to do with Gunvor.
