Samsung Electronics drops 5 percent on weak earnings outlook, soaring won
SEOUL (Reuters) – Samsung Electronics Co Ltd fell more than 5 percent on Thursday to its lowest in over four months, weighed down by analysts’ forecasts of lower quarterly earnings due to the strong won currency and weaker margins at its display busine…
China factory activity surveys confirm slowing momentum
BEIJING (Reuters) – China’s factory activity slowed in December, official and private manufacturing surveys showed, reinforcing views that growth in the world’s second-largest economy moderated in the final quarter of 2013.
Global shares start sluggishly, yen resumes decline
SYDNEY (Reuters) – Asian markets got the new year off to a sluggish start as Chinese economic data disappointed ahead of a raft of reports on global manufacturing due out through the session.
Stung by curbs, Indian iron ore companies throw in towel
Codli Village, INDIA/SINGAPORE (Reuters) – Top Indian trader MMTC’s $80 million iron ore export terminal, ready since 2010, has never handled a cargo. Now the company wants to spend $16 million to convert the terminal to ship coal.
Fiat reaches deal with UAW trust to buy rest of Chrysler
MILAN/DETROIT (Reuters) – Italian carmaker Fiat SpA said on Wednesday it has signed an agreement to buy the stake in U.S. automaker Chrysler Group LLC it does not already own, ending months of tense negotiations and allowing Chief Executive Sergio Marc…
Chinese iron trade fuels port clash with Mexican drug cartel
LAZARO CARDENAS, Mexico (Reuters) – When the leaders of Mexico and China met last summer, there was much talk of the need to deepen trade between their nations. Down on Mexico’s Pacific coast, a drug gang was already making it a reality.
India scraps AgustaWestland helicopter deal, agrees to arbitration
NEW DELHI (Reuters) – India cancelled its $770 million helicopter deal with Italian defense group Finmeccanica’s AgustaWestland unit on Wednesday over what it termed a breach of integrity, but agreed to take part in an arbitration process.
Campbell recalls 300 cases of Prego sauce
NEW YORK (Reuters) – Campbell Soup Co late Tuesday said it was voluntarily recalling about 300 cases of its 24-ounce-sized Prego Traditional Italian sauce, citing a risk of spoilage.
Spain’s economy minister sees ‘significant’ job creation in 2014
MADRID (Reuters) – Spain’s Economy Minister said on Wednesday that job creation in 2014 would be “significant” as a tentative economic recovery kicks in, but a poll showed most Spaniards do not expect any clear improvement until 2015.
Analysis: Scarred U.S. consumers a hard sell for traditional retail
NEW YORK (Reuters) – If there was one lesson from this year’s holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks.
