Bank of England to hold independent inquiry into FX fixing claims: report
LONDON (Reuters) – The Bank of England may appoint a judge, academic or senior financial industry executive to run an independent inquiry into its actions in relation to allegations it allowed manipulation of the foreign exchange market, the Sunday Tel…
A washing machine factory tests Italy’s industrial future
PORCIA, Italy (Reuters) – The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. It is one of the many symbols of Southern Europe’s industrial decline.
IBM factory strike shows shifting China labor landscape
SHANGHAI (Reuters) – A wildcat strike at an IBM factory in southern China illustrates how tectonic shifts under way in the country’s labor market are emboldening workers to take matters into their own hands, raising risks for multinationals.
China February inflation tame, room for policy easing
BEIJING (Reuters) – China’s consumer prices rose at their slowest rate in 13 months in February as pork prices fell by their most in over a year, a sign that slowing growth rather than rising prices poses a bigger risk to the world’s second-biggest eco…
AT&T cuts wireless data charges for individual customers
(Reuters) – AT&T Inc said on Saturday it is cutting wireless data charges for individual customers who have no annual service contract, as the No. 2 U.S. mobile operator attempts to better compete with rival T-Mobile US Inc.
JP Morgan Chase’s sale of private equity arm stalls
NEW YORK, March 8 (Reuters-peHUB) – The auction of JP Morgan Chase’s private equity business, One Equity Partners, in the market since at least November, has hit an impasse, according to three people with knowledge of the situation.
Vivendi starts to review rival bids for SFR: sources
PARIS (Reuters) – A committee of board directors at Vivendi met on Saturday to review rival offers for telecoms unit SFR and prepare a meeting of the supervisory council possibly at the end of the week, sources close to the matter said.
Shanghai Exchange gets approval for trading platform in free-trade zone
BEIJING (Reuters) – The Shanghai Stock Exchange has secured approvals from regulators to set up an international trading center in the free-trade zone, the chairman of the bourse said on Saturday.
U.S. job growth offers upbeat sign for weather-beaten economy
WASHINGTON (Reuters) – U.S. job growth accelerated sharply in February despite the icy weather that gripped much of the nation, easing fears of an abrupt economic slowdown and keeping the Federal Reserve on track to continue reducing its monetary stimu…
China February exports tumble unexpectedly
BEIJING (Reuters) – China’s exports unexpectedly tumbled in February, swinging the trade balance into deficit and adding to fears of a slowdown in the world’s second-largest economy despite the Lunar New Year holidays being blamed for the slide.
