RWE to cut 2,500 jobs in German power generation: source
DUESSELDORF, Germany (Reuters) – RWE , Germany’s No.2 utility, will be cutting some 2,500 jobs in its power generating business in Germany over the next few years, a source familiar with the plans said on Wednesday.
Anti-austerity strike brings Greece to a halt during troika visit
ATHENS (Reuters) – Greek schools shut and flights were disrupted as workers held a general strike on Wednesday to protest austerity imposed by foreign lenders, whose inspectors were in Athens to review the country’s performance under its bailout.
Analysis: Cracks start to show in frontier markets
LONDON (Reuters) – Three years ago, a trip to the Southern Kenya production facilities of Canadian company Africa Oil attracted only seven potential investors. Two months ago, 60 boarded the flight.
BAE to stop shipbuilding at Portsmouth shipyard: BBC
LONDON (Reuters) – British defense contractor BAE Systems is set to announce the end of shipbuilding at its Portsmouth shipyard on the south coast of England, the BBC reported on Wednesday.
Alstom to cut 1,300 jobs, sell part of transport unit
PARIS (Reuters) – French power and engineering firm Alstom said it would shed 1,300 jobs and sell a stake in its transport business to raise between 1 and 2 billion euros after a drop in orders hit first-half profit and cash flow.
Italy services sector grows slower in October, 2nd month of expansion: PMI
ROME (Reuters) – Italy’s services sector expanded at a much slower pace in October, a survey showed on Wednesday, suggesting the euro zone’s third-biggest economy is timidly pulling out of its longest recession in six decades.
German private sector expands for sixth month running in October: PMI
BERLIN (Reuters) – Rising new orders helped Germany’s private sector grow for the sixth month running in October, a survey showed on Wednesday, in a sign Europe’s largest economy is expanding steadily in the fourth quarter.
French private sector activity keeps growing in October as hiring picks up: PMI
PARIS (Reuters) – French private sector activity grew for a second straight month in October, and at a brisker pace than initially reported, as employment rose for the first time in more than 1-1/2 years, a poll showed on Wednesday.
Samsung Electronics vows more aggressive investment, targets tablets
SEOUL (Reuters) – Samsung Electronics Co Ltd vowed to double its dividend yield, invest in new technology and boost marketing as it sought to topple Apple Inc in the mobile devices segment and ease investor concerns over its sagging share price.
Toyota closes in on record profit with healthy U.S. sales
TOKYO (Reuters) – Toyota Motor Corp raised its annual profit forecast on Wednesday, closing in on records set before the Lehman crisis as the weaker yen and growing sales in a healthy U.S. market sharply boost earnings.
