Euro at 2 1/2 year high as China, Ukraine jitters boost safe havens
LONDON (Reuters) – The euro hit a new 2-1/2 year high against the dollar on Thursday as concerns over Chinese growth and political tensions in Ukraine took the fizz out of an attempted rebound in riskier assets.
VW to hit 10-million mark for annual car sales in 2014
BERLIN (Reuters) – German carmaker Volkswagen expects to sell more than 10 million vehicles across its multi-brand group this year, aiming to hit a long-running target four years earlier than previously planned.
Boeing in talks with India airlines on 737 MAX jet
HYDERABAD (Reuters) – Boeing Co is in talks with Indian airlines Jet Airways and Air India about the sale of its 737 MAX jets, a Boeing executive told Reuters on Thursday, as the aircraft manufacturer raised its forecast for demand in India.
Alibaba close to deciding on New York as IPO venue: FT
HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group Holding is “95 percent certain” to choose New York as the venue for its initial public offering, the Financial Times reported on Thursday, citing unnamed sources close to the deal.
ECB ready to act if real interest rates don’t fall – Coeure
FRANKFURT (Reuters) – The European Central Bank’s forward guidance on interest rates means that real interest rates for borrowers should fall as inflation rises and the ECB is ready to act if this does not happen, ECB policymaker Benoit Coeure said on …
China’s Jan-Feb economic activity cools to multi-year lows
BEIJING (Reuters) – China’s economy slowed markedly in the first two months of the year, with growth in investment, retail sales and factory output all falling to multi-year lows, a surprisingly weak performance that raises the specter of a sharper coo…
Loan defaults in China won’t stir systemic risks: Premier Li
BEIJING (Reuters) – Any default of loans in China will not set off systemic risks in the world’s second-largest economy, Premier Li Keqiang said at a press conference on Thursday.
J.C. Penney turnaround faces big test with home goods relaunch
(Reuters) – J.C. Penney Co Inc is about to undo the centerpiece of former Chief Executive Officer Ron Johnson’s failed vision to take the retailer upmarket.
Analysis: Indonesia’s stock market set for another boost from earnings
SINGAPORE (Reuters) – Asia’s best performing stock market this year, Indonesia, is now seeing a string of upgrades in corporate earnings forecasts that could give the rally further momentum and cement its lead in the region.
Australia to buy U.S. Triton drones to secure Indian Ocean resources
SYDNEY (Reuters) – Australia has committed to purchasing the U.S. Navy’s MQ-4C Triton unmanned aircraft, its prime minister said on Thursday, continuing a trend amongst Asia-Pacific nations to protect commercial maritime interests amid rising regional …
