Beyond the hype, Keystone would yield few permanent jobs
STEELE CITY, Nebraska (Reuters) – In the heated debate over whether to build the Keystone XL pipeline, the energy industry and lawmakers have predicted that the project could unleash an economic bonanza in the Midwest, and provide jobs for up to a half…
U.S. producer prices fall, offer little sign of inflation pressure
WASHINGTON (Reuters) – U.S. producer prices fell in February, dragged down by falling costs for services and offering little sign of a pickup in inflation pressures.
India court rejects Nokia appeal over asset transfer to Microsoft
NEW DELHI (Reuters) – India’s Supreme Court on Friday ordered Nokia to give a 35 billion rupees ($572.5 million) guarantee before it transfers one of its biggest mobile phone plants and other assets in the country to Microsoft Corp.
Draghi holds course in face of deflation threat
FRANKFURT/WASHINGTON (Reuters) – Meeting students at the University of Amsterdam in April last year, European Central Bank President Mario Draghi extolled the virtues of courage, recalling a story his father had told him:
Temasek-led group offers $2.1 billion for remaining Olam shares
SINGAPORE/HONG KONG (Reuters) – A Temasek-led shareholders group has offered to pay $2.1 billion in cash for shares in Olam International Ltd they don’t already own, putting the heft of the Singaporean state investor behind the commodity trading firm’s…
Ukraine anxiety triggers flight to safety, stocks tumble
LONDON (Reuters) – Heightened tensions ahead of Ukraine’s weekend referendum in Crimea and stresses over China’s growth pushed world stocks to their lowest in a month on Friday and sent investors scurrying into safe-haven gold and bonds.
UniCredit to spend up to $14 billion on buying state debts to firms: CEO
MILAN (Reuters) – UniCredit is prepared to spend up to 10 billion euros ($14 billion) to take on payments owed to companies by Italy’s public administration, the bank’s chief executive said in a newspaper interview on Friday.
Germany’s Gabriel wants Swiss bankers who aid evasion in court
BERLIN (Reuters) – Germany’s center-left deputy chancellor hailed the jail sentence for tax evasion handed to Bayern Munich soccer boss Uli Hoeness and said the directors of Swiss banks that hide such funds should be hauled before the courts.
Missing plane may cool Malaysia tourism, airline bookings
SINGAPORE/KUALA LUMPUR (Reuters) – Loss-making Malaysian Airline System risks losing out on lucrative corporate business from travelers outside the country in the wake of the disappearance of a China-bound flight carrying 239 people, travel agents warn…
Japan February exports seen accelerating; trade gap to narrow
TOKYO (Reuters) – Japan’s export growth is forecast to have accelerated in February as shipments recovered from a Lunar New Year slowdown, which along with slower import growth is expected see the trade deficit narrow from record levels, a Reuters poll…
