U.S. consumer sentiment slides in October on government shutdown
NEW YORK (Reuters) – U.S. consumer sentiment dropped in October to its lowest level since the end of last year as consumers worried congressional dysfunction and the resulting partial shutdown of the federal government would hurt growth, a survey relea…
U.S. wholesale inventories rise more than expected
WASHINGTON (Reuters) – U.S. wholesale inventories rose more than expected in August, suggesting that restocking was less of a drag on economic growth on the eve of a fiscal battle in Washington than analysts had thought.
Exclusive – Boeing gets $20.7 billion worth of 737 Max commitments from China: sources
SINGAPORE (Reuters) – Boeing Co has secured commitments for around 200 of its 737 Max aircraft, the upgraded variant of its best-selling short-haul planes, from multiple Chinese customers, said two sources familiar with the deals.
Glencore, Sumitomo buy Rio coal mine stake for $1 billion
MELBOURNE/LONDON (Reuters) – Rio Tinto has agreed to sell its majority stake in Australia’s third-largest thermal coal mine to Glencore Xstrata and Japan’s Sumitomo Corporation for just over $1 billion, pushing ahead with plans to focus on larger, core…
Barclays found liable in $300 million Black Diamond dispute
NEW YORK/LONDON (Reuters) – British bank Barclays Plc breached a derivative agreement with a Black Diamond Capital Management unit and must return an estimated $297 million in collateral to the hedge fund, a divided New York state appeals court ruled o…
Dollar near lows against euro, shares cling to weekly gains
LONDON (Reuters) – The dollar was slumped near a two-year low against the euro on Friday as clear expectations of continued U.S. bond purchase left it facing its sixth weekly fall in seven and world shares close to five-year highs.
UK economy accelerates to fastest growth since 2010
LONDON (Reuters) – Britain’s economy picked up more speed between July and September, growing at its fastest pace in more than three years and building on an unexpected turnaround that has buoyed the government.
Japan industrial output expected to recover on domestic demand
TOKYO (Reuters) – Japanese industrial output is expected to have rebounded in September, fuelled by strong domestic demand and business investment, a Reuters poll showed, highlighting the strength of the economy as government policies bolster growth.
Analysis: Bunge may struggle to lure suitors for loss-making sugar mills
NEW YORK/SAO PAULO (Reuters) – When Bunge Ltd bought five sugar mills in Brazil’s Sao Paulo state four years ago for $1.5 billion, they were considered the crown jewels of a burgeoning biofuel industry.
Turkey open to other bids if China defense deal fails
ANKARA (Reuters) – Turkey would be open to new offers for a missile defense system if a deal agreed with a Chinese firm under U.S. sanctions falls through, Prime Minister Tayyip Erdogan was quoted on Friday as saying.
