Insight: Work ethic, comic hero make Koreans hot shots in car design
(Reuters) – In today’s auto industry, where famed Japanese quality and durability are increasingly a given, design is king and, among designers, South Koreans are hot property.
Fed’s Dudley ‘hopeful’ on recovery; Plosser calls for capping QE
NEW YORK (Reuters) – Top Federal Reserve officials from opposite sides of the policy spectrum pointed to improvement in the U.S. economy on Monday, adding more weight to the notion that the central bank is getting close to reducing the pace of its mont…
Warrnambool farmers pivotal in global battle for Australia’s oldest dairy producer
WARRNAMBOOL, Australia (Reuters) – Dairy farmers in the tiny Australian town of Warrnambool, battered in recent years by drought, a stubbornly high currency and a bruising supermarket war over milk prices, are on the cusp of a much welcome windfall.
Union leader says Boeing speeds 777X due to Airbus jet
NEW YORK (Reuters) – Boeing wants to speed up development of its newest jetliner because of the success of a rival plane from Airbus and sought to nail down a Seattle labor deal to help advance that aim, the machinists’ union chief said in a Reuters in…
Alitalia may cut up to 2,600 staff to cut costs: union sources
ROME (Reuters) – Alitalia may cut up to 2,600 jobs in its first mass lay-offs since the airline was privatized, union sources said on Monday, citing a restructuring plan the company approved last week to cut costs and keep its planes in the air.
Google to pay $17 million to settle states’ Safari probe
SAN FRANCISCO (Reuters) – Google Inc will pay $17 million to settle allegations by 37 states and the District of Colombia that it secretly tracked Web users by placing special digital files on the Web browsers of their smartphones.
Analysis: As market bubbles form, investors may want to take cover
NEW YORK (Reuters) – Five years of rapid-fire money printing at the U.S. Federal Reserve and easy money policies at other central banks have left trillions of dollars sloshing around the world financial system, and some of it is ending up in some rathe…
After huge orders, Airbus and Boeing sign Gulf supply deals
DUBAI (Reuters) – Airbus and Boeing agreed to triple purchases of parts and materials from Abu Dhabi in deals worth over $5 billion on Monday, as Gulf states seek a reciprocal boost to their economies from huge orders they have placed with the planemak…
ECB’s stress test threshold not expected above 8 percent: official
MILAN (Reuters) – The minimum capital requirement the European Central Bank will set in the stress tests that are part of its upcoming extensive check-up of euro zone banks should not go above 8 percent, a top Bank of Italy official said on Monday.
Portugal sets price range in postal privatization
LISBON (Reuters) – Portugal’s government has set the price in the privatization of postal service CTT at a range of 4.10 euros per share to 5.52 euros per share, the government said on Monday.
