South Africa labor still ‘inherently unstable’ after strike ends: BMW
CAPE TOWN (Reuters) – BMW said on Monday the labor situation in South Africa remained “inherently unstable” and it had no plans to reverse a freeze on expansion, even after car parts makers ended a four-week strike.
Airbus clinches landmark jet order with Japan Airlines
BARCELONA/TOKYO (Reuters) – Airbus clinched its first jet order from Japan Airlines on Monday, cracking a big national market long dominated by the European firm’s main rival, Boeing .
Analysis: U.S. banks get ready for the day when deposits shrink
NEW YORK (Reuters) – U.S. banks, with nudging from regulators, are planning for the day when the economy recovers, rates rise, and depositors yank money from safe but low-paying accounts.
British court to hold Bank of America intern inquest on November 22
LONDON (Reuters) – A British court said it will conduct an inquest into the death of 21-year-old Bank of America Merrill Lynch intern Moritz Erhardt after a post-mortem examination that showed he died of epilepsy.
Darling buys Vion’s ingredients unit for 1.6 billion euros
LONDON (Reuters) – U.S.-based food business Darling International is to buy Dutch meat producer Vion’s ingredients division for 1.6 billion euros ($2.18 billion), according to a company statement on Monday, in a blow to private equity firms bidding for…
Stocks, dollar slide as U.S. impasse frays nerves
LONDON (Reuters) – A lack of progress by U.S. lawmakers in budget and debt ceiling talks rattled investors on Monday, sending European shares to a four-month low and pushing the dollar and oil down.
GM recalls 1,658 small Sonic cars for fuel tank issue
DETROIT (Reuters) – General Motors Co is recalling 1,658 Chevrolet Sonic cars, as potentially faulty strap welds could cause the fuel tank to separate from the car.
Bernard Madoff’s inner circle goes on trial
That is the message prosecutors will pound home as five of Bernard Madoff’s long-time employees go on trial this week accused of enabling his $65 billion Ponzi scheme.
Russia halts Lithuanian dairy imports before EU summit
MOSCOW (Reuters) – Russia suspended imports of dairy products from neighboring Lithuania on Monday, turning up trade pressure on the European Union member weeks before it hosts a summit that could pull former Soviet republics further from Moscow’s orbi…
World Bank cuts China, East Asia growth forecasts
SINGAPORE (Reuters) – The World Bank lowered its 2013 and 2014 economic growth forecasts for China and most of developing East Asia on Monday, citing slower growth in the world’s most populous nation as well as weaker commodity prices that have hurt ex…
