Chances of Grangemouth strike recede after company agrees to arbitration
GRANGEMOUTH (Reuters) – Ineos said on Sunday that it has agreed to go to independent arbitration with the Unite union over a dispute at the UK Grangemouth refinery and petrochemical plant that has led to industrial action including a strike planned to …
Lloyds CEO warns against housing “Help to Buy” bubble: FT
(Reuters) – The chief executive of Lloyds Bank has warned that the government’s “Help to Buy” mortgage scheme will risk creating a dangerous bubble in property prices unless steps are taken to boost the supply of new housing and free up planning restri…
U.S. stock futures open lower as Washington talks drag on
SYDNEY (Reuters) – U.S. stock index futures fell on Monday after weekend negotiations to avert a U.S. debt default ended with no agreement.
Air France-KLM’s stand unclear for Alitalia capital increase
MILAN/PARIS (Reuters) – Shareholders of Alitalia will vote on Monday on a 300 million euro ($407 million) capital increase to keep the near-bankrupt Italian airline flying, but the participation of top investor Air France-KLM is far from certain.
Wall St. Week Ahead: Debt-ceiling battle may overshadow earnings
NEW YORK (Reuters) – U.S. stock investors, hoping to leave politics aside to focus on fundamentals, aren’t going to get their wish yet as talks over raising the debt ceiling and reopening the government broke down over the weekend.
Analysis: Late Fed taper may do more harm than good for emerging nations
WASHINGTON (Reuters) – Emerging nations heaved a sigh of relief when the Federal Reserve last month decided not to reduce its monetary stimulus.
Bewildering Indian policies fuel needless coal imports
NEW DELHI (Reuters) – Tata Power’s 1,050 Megawatt power station in the state of Jharkhand is a textbook case of the absurd results that India’s 1970s-era coal supply laws can produce, and why power utilities are lobbying the government to change them.
Indonesia seeks to get back its manufacturing mojo
BANDUNG, Indonesia (Reuters) – In PT Trisula International’s hangar-sized factory outside the western Indonesian city of Bandung, hundreds of workers stitch together clothes for some of the world’s top brands.
Alibaba to transform China’s ‘e-conomy’ with $500 billion marketplace
HANGZHOU, China (Reuters) – Alibaba Group’s plans to revolutionize China’s retail industry, investing $16 billion in logistics and support by 2020, will open up China’s vast interior and bring access to hundreds of millions of potential new customers.
As crisis fades, G20 tries to get its mojo back
WASHINGTON (Reuters) – Top officials for the world’s biggest economic powers get nostalgic over how they mobilized to save the world from economic collapse in 2008. They are not nearly so glowing about their current muddle.
