Emerging markets lift P&G second-qaurter sales, crimp gross margin
(Reuters) – Procter & Gamble Co, the world’s largest household products maker, reported a dip in quarterly profit on Friday as its push in emerging markets led to a lower gross profit margin.
Rout in emerging markets may only be in Phase One
LONDON (Reuters) – The flight of investors from the once-booming emerging markets they previously favored with $7 trillion-worth of inflows may have only just begun.
Exclusive: World buyers line up to buy U.S. natural gas
LONDON/NEW YORK (Reuters) – Countries across the world have been quietly signing deals in recent months to import natural gas from the United States, revealing a growing appetite for the fuel overseas as domestic output soars.
Emerging market sell-off spills over to Europe, U.S.
LONDON (Reuters) – A global flight from emerging market assets gathered pace on Friday, sending the Turkish lira to a record low and setting global shares on course for their worst week this year.
KKR, BlackRock, funds in talks to buy stake in China Huarong: sources
HONG KONG (Reuters) – KKR & Co and BlackRock Inc are among leading global investors in talks to buy a stake in China Huarong Asset Management Co Ltd as the bad debt manager seeks to raise more than $2 billion, people familiar with the matter told Reuters.
Boeing says Dreamliner reliability ‘better but not satisfactory’
OSLO (Reuters) – The reliability of Boeing’s pioneering 787 Dreamliner jet is improving but is still not satisfactory, Mike Fleming, Boeing’s vice president for 787 support and services said on Friday.
Chinese state TV criticizes Wal-Mart’s quality control
HONG KONG (Reuters) – A state-owned Chinese TV station which has run a string of stories criticizing foreign firms has accused U.S. retailer Wal-Mart of circumventing its quality control process and fast-tracking some products with higher profit margin…
Sanofi CEO says buying L’Oreal’s stake could be ‘very accretive’
DAVOS, Switzerland (Reuters) – Buying back L’Oreal’s 9 percent stake in Sanofi could be “very accretive” for the French drugmaker, although the idea remains speculative as the $12 billion holding has yet to be put up for sale, Sanofi’s CEO said.
JPMorgan to hike Dimon’s 2013 pay: NY Times
(Reuters) – JPMorgan’s board voted to raise Chief Executive Jamie Dimon’s annual compensation for 2013, a turnaround from last year when it slashed his compensation by half in light of a trading debacle, the New York Times reported.
Exclusive:Japan government forecasts show Abe missing budget-balance promise
TOKYO (Reuters) – Japanese government calculations indicate that Prime Minister Shinzo Abe cannot meet his budget-balancing promise in coming years on the current course, suggesting he may come under greater pressure from fiscal hawks for future tax in…
