Stocks sluggish, dollar firms as G20 reaction muted
TOKYO (Reuters) – Asian stocks wobbled and the dollar firmed in early trade on Monday, as investors appeared to give no more than a passing nod to the Group of 20’s latest commitment to spur faster global growth.
India’s Bajaj to launch four-wheel vehicle but it’s not a car
MUMBAI (Reuters) – It’s got four wheels and seatbelts, but Bajaj Auto , the creator of India’s first quadricycle, would rather you didn’t call it a car.
Numericable in talks to buy SFR: Les Echos
PARIS (Reuters) – French cable firm Numericable is in talks to buy mobile operator SFR in a deal that would value the unit of media group Vivendi at more than 15 billion euros ($20.6 billion), Les Echos newspaper reported on its website on Sunday.
Deutsche Bank to slash U.S.-based assets by $100 billion: FT
(Reuters) – Deutsche Bank has laid out plans to reduce its U.S. balance sheet as the U.S. Federal Reserve adopts new rules to shield the country’s taxpayers from costly bailouts, the Financial Times reported on Sunday.
HSBC cost cuts set to lift profits as CEO faces growth challenge
LONDON (Reuters) – HSBC’s profits are expected to rise by almost a fifth to $24 billion for 2013 as it benefits from a cost-cutting drive that spans managing its documents more efficiently to telling staff to use business class air travel less.
Microsoft resets Windows Phone to reach lower cost markets
BARCELONA (Reuters) – Microsoft Corp is pushing to reach a far wider audience for smartphones running its Windows Phone software by turning to cheaper chipsets and easing restrictions on how phone makers use its software to encourage them to drive down…
China’s Huawei seeks U.S. foothold in smartphone race: executive
BARCELONA, Spain (Reuters) – China’s Huawei Technologies believes it can take advantage of recent changes in how operators in the United States sell phones to get a foothold in the all-important market, an executive with its consumer division said on S…
Alcatel to stay out of telecom price war, inks Intel deal
BARCELONA (Reuters) – Alcatel-Lucent said it would stay out of a brewing price war in the telecom equipment market and set itself apart with better service and new products, including those from a partnership announced on Sunday with Intel Corp.
U.S. stocks to watch Yellen; S&P 500 may stall
NEW YORK (Reuters) – For U.S. stock investors, the main event will be Federal Reserve Chair Janet Yellen’s return trip this week to Capitol Hill. Wall Street will hang on her every word about the weather, of all things, when she goes before the Senate …
Big consumer companies cut costs, Wall Street wants bolder steps
BOCA RATON, Florida (Reuters) – Investors are growing impatient with the makers of global brands like Cadbury chocolate, Campbell Soup and Tide laundry detergent, as these stalwart consumer products companies try to boost profits through cost cuts and …
