Tesco plans cautious India entry after arm-twisting by politicians
MUMBAI (Reuters) – It took months of arm-twisting and assurances from New Delhi to persuade British retailer Tesco Plc to take the plunge and become the first foreign player to set up a chain of supermarkets in India.
Fed cuts bond buying in first step away from historic stimulus
WASHINGTON (Reuters) – The Federal Reserve on Wednesday embarked on the risky task of winding down the era of easy money, saying the U.S. economy was finally strong enough for it to start scaling down its massive bond-buying stimulus.
European shares rally as Fed sugar-coats taper move
LONDON (Reuters) – European shares rallied on Thursday after the U.S. Federal Reserve sugar-coated its decision to start winding down its crisis-era stimulus with a promise to keep interest rates at record low levels even longer than previously signale…
Zuckerberg to sell Facebook shares worth about $2.3 billion
(Reuters) – Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares.
Retailers’ Christmas cheer tempered by fragility of recovery
BERLIN/PARIS (Reuters) – Retailers in Europe are predicting their best Christmas since the financial crisis, though optimism is laced with caution in the face of rising e-commerce and early discounting in a fragile economic recovery.
Tesco plans cautious India entry after arm-twisting by politicians
MUMBAI (Reuters) – It took months of arm-twisting and assurances from New Delhi to persuade British retailer Tesco Plc to take the plunge and become the first foreign player to set up a chain of supermarkets in India.
EU launches WTO dispute against Brazil to challenge car taxes
BRUSSELS (Reuters) – The European Union launched a case against Brazil at the World Trade Organization on Thursday to challenge Brasilia’s taxes on imports ranging from cars to computers, but insisted the dispute should have no bearing on delicate free…
Joint backstop for failed banks is convincing: Germany’s finance minister
PARIS (Reuters) – An EU finance ministers’ agreement on a joint backstop for failed banks is convincing, German Finance Minister Wolfgang Schaeuble said on Thursday hours after a deal was reached in Brussels.
Tesla starts offering cars in China with no Chinese name
SHANGHAI (Reuters) – Tesla Motors Inc has started offering its poplar Model S sedans in China, but the U.S. premium electric carmaker has yet to give its brand a Chinese name due to a long-running trademark dispute.
Bayer wins cancer firm Algeta with raised $2.9 billion bid
FRANKFURT/OSLO (Reuters) – Bayer has won backing from the board of Algeta , its partner for a new prostate cancer treatment, for an increased $2.9 billion offer to buy the Norwegian company.
