In China, property promotions add to price correction concerns
HONG KONG (Reuters) – Chinese property developers are stepping up the use of sales promotions for some suburban housing projects, an early sign that a slowdown in property prices that spooked investors this week may be spreading.
Airbus CEO not optimistic for Eurofighter export chances
TOULOUSE, France (Reuters) – The chief executive of aerospace and defense group Airbus Group is not optimistic when it comes to chances for selling its Eurofighter jet to markets outside of Europe, he said on Wednesday.
Bitcoin exchange Mt. Gox goes dark in blow to virtual currency
TOKYO/ST LOUIS (Reuters) – Mt. Gox, once the world’s biggest bitcoin exchange, abruptly stopped trading on Tuesday and its chief executive said the business was at “a turning point,” sparking concerns about the future of the unregulated virtual currenc…
Hunting credit, firms look beyond wary EU banks
LONDON (Reuters) – When David Armitt needed to refinance loans last year for his 153-year-old manufacturing company in Yorkshire, he found British banks reluctant to lend. So he took the nuclear option.
China should prepare for ‘instability’ from home-price cooling – editorial
SHANGHAI (Reuters) – Chinese policymakers must ensure the property market, which has started to show signs of cooling, does not become a source of social and financial instability, the official China Daily said in an editorial published on Wednesday.
BOJ’s Ishida: recovery on track even if GDP falls after tax hike
SAITAMA, Japan (Reuters) – Japan’s recovery will remain on track even if the economy contracts in the second quarter after sales tax is raised on April 1, a Bank of Japan board member said on Wednesday.
U.S. investors still wary of stocks: brokerage executives
NEW YORK (Reuters) – Some U.S. brokerages are grappling with unexpectedly weak stock trading by retail clients this year, eroding commission revenue and clipping the flow of new money into fee-based accounts.
Morgan Stanley could pay $275 million to settle SEC probe
NEW YORK (Reuters) – Morgan Stanley has reached a $275 million proposed settlement with the U.S. Securities and Exchange Commission that would allow the Wall Street bank to move past a substantial legal overhang from the financial crisis.
For J.C. Penney, e-commerce is no easy fix
(Reuters) – First the good news for J.C. Penney Co Inc : online sales rose 26.3 percent during the holiday quarter.
U.S. housing recovery uneven across markets, study finds
WASHINGTON (Reuters) – The U.S. housing sector is likely to experience an uneven recovery over the next five years, with some local markets bouncing back faster than others, according to a study released on Wednesday.
