U.S. consumer delinquencies rise on sluggish economy: ABA
WASHINGTON (Reuters) – U.S. consumer delinquencies rose slightly in a range of loan categories in the second quarter of 2013 as a sluggish economy weighed on borrowers’ ability to pay down debt, the American Bankers Association said on Tuesday.
Insight: At Twitter, global growth tests free speech advocacy
SAN FRANCISCO (Reuters) – When a Brazilian state prosecutor last year set out to silence anonymous Twitter messages that were revealing the location of drunk-driving checkpoints, he served the social media company’s just-opened Sao Paolo office with a …
IMF ready to support Serbia in ‘any way that suits’ – Official
WARSAW (Reuters) – The International Monetary Fund (IMF) is ready to support Serbia with a financial arrangement and advice to help the country curb its debt in the medium-term, the IMF’s representative for central and eastern Europe said.
Rolls-Royce sees Asia’s desire for luxury driving growth
SINGAPORE (Reuters) – Phantoms, Ghosts and now Wraiths are stalking the streets of Asia and Torsten Mueller-Oetvoes, the chief executive of Rolls-Royce Motor Cars, could not be more pleased.
Global trade weakening, economy to slow: APEC statement
NUSA DUA, Indonesia (Reuters) – The 21 countries of the Asia Pacific Economic Cooperation trade group promised on Tuesday to implement responsible macroeconomic policies that will help offset slowing global economic growth and weaker trade.
CNOOC issues exploration tender, includes South China sea blocks
SHANGHAI (Reuters) – State-run CNOOC , China’s top offshore oil producer, has issued a tender to invite foreign firms to bid for oil and gas blocks in the East and South China Sea, according to a statement on the company website.
Exclusive: India to stick with austerity despite looming election
NEW DELHI (Reuters) – The Indian government will have to rein in spending and cut subsidies to meet its fiscal deficit target, the country’s finance minister said on Monday, underlining that an austerity drive will not be blown off course by an electio…
China services firms see slower growth, weaker outlook
BEIJING (Reuters) – Business confidence in China’s services sector slipped in September and growth slowed, a private survey showed on Tuesday, another signal the world’s No.2 economy is finding it difficult to regain solid momentum after a protracted s…
Starbucks founder urges CEOs to push for end to federal shutdown
(Reuters) – Howard Schultz, Starbucks Corp’s outspoken CEO, on Monday urged fellow business leaders to ratchet up the pressure on U.S. political leaders to end the stalemate that has partially shut down the federal government since last week.
BP spars with U.S. government over size of Gulf of Mexico spill
NEW ORLEANS (Reuters) – Lawyers for BP Plc and the federal government sparred on Monday over the methods competing teams of scientists used to estimate the size of the company’s 2010 oil spill in the U.S. Gulf of Mexico.
