Investment into emerging markets to fall in 2014: World Bank
WASHINGTON (Reuters) – Foreign direct investment into emerging markets should decline next year because of persistent concerns about the global economy, the World Bank’s political risk insurance arm said on Thursday.
Euro zone officials to meet on banking union on Friday: report
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble has invited euro zone officials to a meeting in Berlin on Friday in a bid to come closer to a solution on a planned European resolution mechanism to deal with troubled banks, a German newspa…
Haunted by old pledges, Airbus aims to boost A340 value
PARIS (Reuters) – Airbus and its engine makers have acted to try to shore up the value of second-hand A340 aircraft as the European planemaker tries to reduce its financial exposure to depressed market prices of an aircraft that it no longer produces.
Argentina, Repsol in talks regarding YPF compensation: Argentina
BUENOS AIRES (Reuters) – Argentina has begun talks with Repsol about compensation to the Spanish oil major for last year´s nationalization of the South American country’s top oil company, YPF , a government official said on Thursday.
Unilever streamlines products, cuts jobs to confront world slowdown
LONDON (Reuters) – Consumer products giant Unilever Plc aims to cut the number of individual products it sells by 30 percent by the end of 2014 to become more efficient and navigate a global economic slowdown it admits it was slow to confront.
Chanel acquires first tannery to secure luxury bag supplies
PARIS (Reuters) – Chanel has acquired its long-time lamb hide provider, the French tannery Bodin-Joyeux, in the latest purchase by a luxury brand of a partner that supplies top quality materials.
Ford leans on global Mustang to burnish overseas image
DEARBORN, Mich./SHANGHAI (Reuters) – Ford Motor Co unveiled its 50th anniversary Mustang sports car in its first global launch on Thursday, with a sleek redesign aimed at enhancing the brand’s status outside the United States.
Exclusive: OSX, bondholders in talks to delay interest payment, sources say
SAO PAULO/RIO DE JANEIRO (Reuters) – Tycoon Eike Batista’s OSX Brasil SA and holders of the ailing shipbuilder’s $500 million in bonds are in talks to delay an interest payment due on December 20, three sources with direct knowledge of the situation sa…
JPMorgan warns 465,000 card users on data loss after cyber attack
NEW YORK/BOSTON (Reuters) – JPMorgan Chase & Co is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its network in July.
Hayman Capital sells entire stake in J.C. Penney: Bloomberg TV
(Reuters) – Hedge fund Hayman Capital Management LP sold all its shares in J.C. Penney but still holds the ailing retailer’s debt, fund manager Kyle Bass told Bloomberg TV on Thursday.
