Nestle signs 10 billion euro syndicated loans
LONDON (Reuters) – Nestle has signed two syndicated loans totalling 10 billion euros ($13.54 billion) which will be used for general corporate purposes, the company said on Tuesday.
German TV maker Loewe files for insolvency
MUNICH (Reuters) – Troubled German high-end TV maker Loewe AG filed for insolvency on Tuesday and needs to find an investor before the end of the year to avert closure, its chief executive told Reuters.
Buffett’s Berkshire set to get nearly $2.15 billion of Goldman stock
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc will receive Goldman Sachs Inc stock worth nearly $2.15 billion on Tuesday through warrants acquired as part of a deal originally signed during the depths of the 2008 financial crisis.
RBS’s new CEO takes reins with break-up decision looming
LONDON (Reuters) – Royal Bank of Scotland’s new chief executive, Ross McEwan, took up his role on Tuesday with Britain’s finance ministry close to deciding whether to make the part-nationalized lender break itself up.
Euro zone factory growth eases but strong demand enables price hikes: PMI
LONDON (Reuters) – Euro zone factory activity grew for the third month running in September as stronger demand enabled manufacturers to raise prices for the first time since mid-2012, a survey showed on Tuesday.
German joblessness unexpectedly rises in September
BERLIN (Reuters) – German unemployment rose unexpectedly in September on a seasonally adjusted basis but remained close to its lowest level since reunification more than two decades ago.
In historic step, Japan PM hikes tax; will cushion blow to economy
TOKYO (Reuters) – Japan’s Prime Minister Shinzo Abe took a step on Tuesday that none of his predecessors had managed in more than 15 years – making a dent in the government’s runaway debt.
ECB’s Draghi loses chief adviser to insurer AXA
FRANKFURT (Reuters) – Mario Draghi’s chief adviser is quitting the European Central Bank to take up a post at French insurer AXA , leaving the ECB president without an ally who helped shape his plans to fight the euro zone crisis.
JPMorgan insider helps Justice Department in probe: WSJ
(Reuters) – An insider at JPMorgan Chase & Co has supplied a large amount of information related to the sale of mortgage securities to the U.S. Justice Department, which is using the documents to pursue possible criminal charges against the bank, the Wall Street Journal reported citing people familiar with the matter.
China manufacturing tepid in September, small firms struggle
BEIJING (Reuters) – China’s manufacturing growth edged up only slightly in September, official data showed on Tuesday, with small firms struggling in the face of overcapacity and weak demand, adding to concerns a nascent economic recovery may be founde…
