Reduced tension over Ukraine calms markets
NEW YORK/LONDON (Reuters) – A semblance of calm returned to world markets on Wednesday after two days of intense volatility, with the United States and Russia set to hold talks on easing East-West tension in Ukraine.
Dollar to outperform other major currencies this year
BANGALORE (Reuters) – The dollar will easily outperform other major currencies in the coming year, according to foreign exchange strategists polled by Reuters, driven by demand for U.S. assets prompted by a shift in Federal Reserve policy.
IMF calls for ECB rate cut, quantitative easing
BRUSSELS (Reuters) – The European Central Bank should cut interest rates and either inject more liquidity into the banking system via its Long-Term Refinancing Operations (LTRO) or start public and private asset purchases, International Monetary Fund o…
Electric-car maker Tesla expands European outlets
(Reuters) – Tesla Motors Inc will open more than 30 sales outlets and service centers this year in Europe and will expand its network of battery-charging stations there, the U.S. luxury electric-car maker said Tuesday.
London gold-fix banks accused of manipulation in U.S. lawsuit
LONDON (Reuters) – The five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation, a filing with a U.S. federal court in New York showed.
U.S. services growth dips in February: Market
(Reuters) – Growth and the pace of hiring in the U.S. services sector slowed in February, an industry report showed on Wednesday, though industry executives said unusually bad weather was in part to blame for disruptions in economic activity.
U.S. private sector adds 139,000 jobs in February: ADP
NEW YORK (Reuters) – U.S. private employers added 139,000 jobs in February, shy of economists’ expectations, and gains in the previous month were revised lower, a report by a payrolls processor showed on Wednesday.
Qatar Airways to get three A380s in June, A350 on track
BERLIN (Reuters) – Qatar Airways will take delivery of its first three Airbus A380 aircraft in June and inaugurate its superjumbo services with a daily flight to London, Chief Executive Akbar Al Baker said on Wednesday.
China services activity ticks up in January: HSBC PMI
BEIJING (Reuters) – Activity in China’s services industry ticked up in February from a 2-1/2-year low the previous month, a private survey showed on Wednesday, confirming other data showing a pick-up in services even as manufacturing activity slows.
China signals focus on reforms and leaner, cleaner growth
BEIJING (Reuters) – China sent its strongest signal yet that its days of chasing breakneck economic growth were over, promising to wage a “war” on pollution and reduce the pace of investment to a decade-low as it pursues more sustainable expansion.
