Google fund invests in education start-up Renaissance Learning
(Reuters) – Renaissance Learning, an education technology start-up, said on Wednesday that Google Inc’s investment fund had bought a minority stake in the company, valuing it at $1 billion.
G-20 ready to take action to underpin global growth: Saccomanni
ROME (Reuters) – Italy’s outgoing Economy Minister Fabrizio Saccomanni on Wednesday said market turmoil in emerging markets is a threat to global growth and the world’s 20 major economies are ready do what is necessary to underpin output.
VW workers may block southern U.S. deals if no unions: labor chief
BERLIN (Reuters) – Volkswagen’s top labor representative threatened on Wednesday to try to block further investments by the German carmaker in the southern United States if its workers there are not unionized.
ADB chief urges Asia to tackle reform to cope with Fed tapering
TOKYO (Reuters) – Asian Development Bank (ADB) President Takehiko Nakao urged emerging Asian economies on Wednesday to promote sound macroeconomic policies and structural reform to cope with any impact of the withdrawal of U.S. monetary stimulus.
Japan says prices ‘rising moderately’ for first time in more than five years
TOKYO (Reuters) – Japan’s government described consumer prices as “rising moderately”, using that wording for the first time since October 2008, a sign that the economy is making steady progress towards exiting 15 years of stubborn deflation.
Stock buyers hesitant; euro holds gains
LONDON (Reuters) – Hesistant share investors kept a wary eye on interest rates in China while the euro left the dollar in its wake on Wednesday after soft U.S. economic data argued against any rapid withdrawal of Federal Reserve stimulus.
China budget carrier Spring eyes $3 billion A320 order
SINGAPORE (Reuters) – Chinese low-cost carrier Spring Airlines is set to make an order for up to 30 Airbus A320 aircraft worth $3 billion at list prices, the company’s chairman told Reuters, amid an expected surge in budget flights in China.
China aims for 100 percent bank liquidity coverage ratio by 2018
BEIJING (Reuters) – China’s banks will have to increase their liquidity coverage ratio (LCR) to 100 percent by 2018 under new rules to take effect from March 1, the banking regulator said on Wednesday.
As discontent grows, Singapore budget to tighten noose on the rich
SINGAPORE (Reuters) – Singapore is known as a tropical refuge for the world’s wealthy, endowed with exclusive residential enclaves, a marina for super-yachts, two casinos and an annual Formula One race that brings in the global jet-set.
Vodafone details share proceeds from Verizon deal
LONDON (Reuters) – Vodafone said on Wednesday shareholders would receive 0.026 shares in Verizon Communications for each Vodafone share they own as part of their payout for the $130 billion sale of the group’s stake in Verizon Wireless.
