China Southern Airlines says four executives under anti-graft probe
BEIJING (Reuters) – China Southern Airlines said it reported four middle-ranking executives to authorities after an internal audit uncovered irregularities as China steps up its anti-corruption campaign.
Global factory growth picks up but Europe diverging
LONDON/BEIJING (Reuters) – Increasing demand for manufactured goods drove global factory activity higher last month but the spurt in the euro zone masked a widening disparity among some of the bloc’s key members.
Danone may take legal action over baby formula recall, says Fonterra
WELLINGTON/PARIS (Reuters) – New Zealand dairy exporter Fonterra may face legal action from France’s Danone over the recall of infant formula containing a potentially contaminated Fonterra ingredient, the company said on Monday.
BOJ’s Kuroda unwavering on inflation goal as Japan capex rises
NAGOYA/TOKYO, Japan (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday he saw no need to water down the bank’s commitment to achieve 2 percent inflation in two years, stressing that the country was on track to meet the target despite ris…
Former Malaysia PM Mahathir quits as Petronas adviser
KUALA LUMPUR (Reuters) – Mahathir Mohamad, Malaysia’s long-serving former prime minister, said on Monday he had resigned as an adviser to state-run oil company Petronas , ending an almost decade-long tenure in the energy major that is Malaysia’s only F…
Comcast tests new ad tech to help networks capture binge viewers
(Reuters) – Comcast Corp, the largest U.S. cable operator, is testing new advertising technology that inserts up-to-date commercials into past episodes of TV shows that are available on demand, a development that could help television networks generate…
Steady China factory growth in November underlines economic resilience
BEIJING (Reuters) – China’s factory growth stabilized in November aided by firm demand, a pair of surveys showed, a sign of resilience in the world’s second-largest economy that augurs well for its plans for structural reforms.
Japan corporate capex up in third-quarter but GDP seen little changed
TOKYO (Reuters) – Japanese companies raised spending on factories and equipment in the July-September quarter, but the slow pace of increase casts some doubt on the strength of capital spending that is needed to help sustain economic growth.
Yen remains under pressure as China PMI, U.S. data eyed
TOKYO (Reuters) – Japanese shares could get support from a weaker yen on Monday, while investors were generally cautious as they awaited a Chinese manufacturing survey later in the session as well as key U.S. data this week.
Holiday weekend sales dip on discounts; e-commerce jumps
NEW YORK (Reuters) – Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent almost 3 percent less than they did a year earlier, according to data released Sunday by an industry group.
