Wall Street braces for volatility as shutdown seems likely
NEW YORK (Reuters) – As a last-minute deal to resolve spending negotiations in Washington appeared less likely, U.S. stock investors braced for what had previously seemed remote: a shutdown of the U.S. government that could spark a major equity decline…
NZ PM Key sees lower asset sale proceeds, no Solid Energy sale
WELLINGTON (Reuters) – New Zealand Prime Minister John Key said on Monday he expected proceeds from the sale of state-owned assets would be near the low-end of the expected range of NZ$5 billion-NZ$7 billion ($4.13 billion-$5.78 billion) due in part be…
Global Economy: Faith in revival put to test
LONDON (Reuters) – Yet another budget showdown in Washington and yet another government crisis in Italy herald more turbulence for a global economy growing well below trend.
Insurance crews help protect well-heeled from wildfires
SALMON, Idaho (Reuters) – Bill Potter wasn’t eager to abandon his high-end house last month during evacuations forced by a massive Idaho wildfire, but he felt reassured when his insurance company sent a team to protect his home near the world-class ski…
China to offer tax breaks to solar power manufacturers
SHANGHAI (Reuters) – China’s Ministry of Finance announced it will offer tax breaks to manufacturers of solar power products on Sunday, as China moves to support an industry still struggling to deal with massive overcapacity and weak demand.
Absa Capital wins regulatory approval for South African palladium ETF
ROME (Reuters) – South Africa’s Absa Capital has received regulatory approval for its planned Johannesburg-listed palladium exchange-traded fund and hopes to launch the product by the end of the year, a spokesman for Absa said on Sunday.
Intesa Sanpaolo calls snap board meetings on CEO position:sources
MILAN (Reuters) – Intesa Sanpaolo has called a snap meeting of its two boards on Sunday evening to discuss the possible ousting of Chief Executive Enrico Cucchiani, two sources close to the situation said on Sunday.
China opens new trade zone in Shanghai, reform plans unveiled
SHANGHAI (Reuters) – China opened a new free trade zone in Shanghai on Sunday in what has been hailed as potentially the boldest reform in decades, and gave fresh details on plans to liberalize regulations governing finance, investment and trade in the…
Nigeria signs $1.3 billion power plant deal with China
ABUJA (Reuters) – Nigeria has signed a deal for Chinese state companies to build a $1.3 billion power plant, the finance ministry said on Sunday, part of efforts to end chronic electricity shortages that are a major brake on growth.
SocGen chief confident of meeting post-crisis rules: paper
FRANKFURT (Reuters) – Societe Generale’s Chief Executive Frederic Oudea is confident his bank will meet tougher post-crisis rules on European bank risk, a German newspaper quoted him as saying.
