Banks to repay 7.7 billion euros of ECB crisis loans
FRANKFURT (Reuters) – Banks will return 7.675 billion euros ($10.46 billion) of crisis loans early to the European Central Bank next week, the ECB said on Friday, driving the amount of excess liquidity down and closer to the threshold where market inte…
Bank of Japan warns of severe global impact from U.S. fiscal standoff
TOKYO (Reuters) – A prolonged U.S. budget standoff would hit global markets very hard, the Bank of Japan warned on Friday as it said it was ready to top up its existing massive stimulus if the recovery underway in the world’s third-largest economy was …
Euro zone August factory prices flat, inflation pressures ebbing
BRUSSELS (Reuters) – Euro zone producer prices defied expectations of a small rise and were flat in August against July, underlining the absence of inflationary pressures and signaling the European Central Bank can keep its loose monetary policy to hel…
CFTC chairman Gensler to step down at end of 2013: WSJ
LONDON (Reuters) – Gary Gensler, chairman of U.S. financial markets regulator the Commodity Futures Trading Commission, will leave the agency at the end of the year, the Wall Street Journal reported, citing a person familiar with the matter.
Samsung takes aim at second straight year of record profit as memory chips rebound
SEOUL (Reuters) – Samsung Electronics Co Ltd is on track to post its second consecutive year of record earnings as a rebound in its semiconductor business shields the South Korean tech giant from a slower smartphone market.
Mercedes-Benz car sales rise 16 percent in September to record high
FRANKFURT (Reuters) – Daimler’s Mercedes-Benz premium auto brand posted its best-ever sales month in September, growing volume by 15.9 percent to 142,994 cars, the company said on Friday, confirming figures published earlier in a news report.
Freeport expects to sign new contract with Indonesia union in two weeks
NUSA DUA, Indonesia (Reuters) – Freeport-McMoRan Copper & Gold Inc and its Indonesian union workers are expected to sign a new contract within two weeks after reaching an agreement over wages, a senior company official said.
Exclusive: Drug firm Ikaria on the block for more than $2 billion – sources
NEW YORK (Reuters) – Ikaria Inc, a private equity and venture capital-backed company whose products are focused on critically ill patients, is exploring a sale that it hopes could value it at more than $2 billion, three people familiar with the matter …
Workers and employers face off at Supreme Court
WASHINGTON (Reuters) – Workplace disputes pepper the docket of cases the U.S. Supreme Court will take up during a nine-month term starting on Monday, with the justices having delivered a string of victories to businesses and employers in their last ter…
Ex-Tyco CFO Mark Swartz granted parole
(Reuters) – Tyco International Ltd’s former chief financial officer, Mark Swartz, who is serving a prison sentence for bilking the company, has been granted parole by the New York parole board, his lawyer told Reuters.
