Russia eyes loan, gas deal to keep Ukraine in its orbit
MOSCOW (Reuters) – Russia signaled on Monday it was about to agree a loan and gas deal with Ukraine to help Kiev stave off economic chaos and keep it in its former Soviet master’s orbit.
Snowstorm unlikely to hurt holiday sales: analysts
(Reuters) – The snowstorm that hit the Northeast and Midwest this past weekend is unlikely to hurt overall holiday sales, analysts say, even as the shorter shopping season makes every day crucial for retailers.
NY factory conditions recover a tad in December: NY Fed
NEW YORK (Reuters) – New York state’s manufacturing sector rebounded slightly in December from its weakest level in six months while the region’s business outlook stayed relatively upbeat, a report from the New York Federal Reserve released on Monday s…
Productivity rises by most in nearly four years
WASHINGTON (Reuters) – U.S. nonfarm productivity rose the most in nearly four years in the third quarter but a drop in unit labor costs underlined a lack of inflation pressure, bolstering arguments for the U.S. Federal Reserve to maintain its massive m…
Renault plans SUVs to buck slowing China growth
PARIS (Reuters) – Renault plans to harness its Formula One renown and alliance with Nissan to build a 3 percent market share as a latecomer to China, after signing a joint venture deal with Dongfeng Motor Group on Monday.
UK regulator forced change in Standard Chartered risk role
LONDON (Reuters) – Standard Chartered’s recent decision to strip its finance director of responsibility for risk oversight was the result of intervention by Britain’s financial regulator, two sources with knowledge of the process said on Monday.
Portugal wants cheap EU loans to boost post-bailout reforms
LISBON (Reuters) – Support from a Europe-wide cheap loans scheme that is still on the drawing board offers Portugal a fighting chance of exiting its international bailout successfully, the country’s deputy minister for Europe said on Monday.
Lloyds insurance market appoints its first female CEO
LONDON (Reuters) – The Lloyd’s of London insurance market has appointed its first ever female chief executive, to replace Richard Ward who announced he was stepping down from the role in July.
Moncler’s shares soar 40 percent in Milan market debut
MILAN (Reuters) – Moncler shares jumped more than 40 percent on their first day of trading in Milan as investors scrambled to put their money into the maker of luxury down jackets, attracted by its strong revenue growth prospects.
Slovenia to pay banks for bad loans with short-term bonds
LJUBLJANA (Reuters) – Slovenia’s bailed-out banks will be paid for 4.5 billion euros ($6.18 billion) of bad loans with two and three year bonds that will allow them to access cash and fund new business, the head of the country’s bad bank said on Monday…
