‘Full steam ahead’ for Fonterra’s own-brand China plan after recall
WELLINGTON (Reuters) – Fonterra , the world’s largest dairy processor, is moving ahead with plans to launch its own branded milk formula in China, undeterred by a recent botulism scare and Beijing’s crackdown on foreign firms over alleged corrupt sales…
Volkswagen steps up southern China push with Guangdong expansion
FOSHAN, China (Reuters) – Volkswagen AG is expected to announce plans as early as Wednesday to significantly boost the capacity of a key plant in southern China as Europe’s No.1 carmaker ramps up efforts to grab more market share in a region dominated …
China’s BOC orders 25 Airbus A320 planes: source
BEIJING (Reuters) – China’s BOC Aviation has ordered 25 A320 jets from Airbus , a source with knowledge of the deal told Reuters on Wednesday.
U.S. set to reveal criminal charges against ICAP staff in Libor probe: WSJ
(Reuters) – The U.S. Justice Department is expected to disclose criminal charges against former and current employees of ICAP Plc as soon as Wednesday for allegedly manipulating benchmark interest rates, the Wall Street Journal reported, citing people …
Undeterred by recall, Fonterra seen pushing on with own-brand China plan
WELLINGTON (Reuters) – Fonterra , the world’s largest dairy processor, is moving ahead with plans to launch its own branded milk formula in China, undeterred by a recent botulism scare and Beijing’s crackdown on foreign firms over alleged corrupt sales…
Dow, S&P 500 extend recent slide, down fourth session
NEW YORK (Reuters) – The Dow and S&P 500 ended lower on Tuesday, extending their recent slide to a fourth session as worries over a possible U.S. government shutdown added to investor caution.
Analysis: Washington to Wall Street – Threat of default is real
WASHINGTON (Reuters) – Money lenders trust America so implicitly that they generally dismiss the risk it won’t pay its debts. But in the U.S. capital, fears are growing that political dysfunction might trigger the unthinkable.
Argentina says antitrust agency to study Telefonica deal
BUENOS AIRES (Reuters) – Argentina’s antitrust regulator will study a proposal by Spanish-owned Telefonica to gain control of Telecom Italia , both of which operate in the South American country, the government said on Tuesday.
‘Massive fraud’ at center of trial against BofA over U.S. mortgages
NEW YORK (Reuters) – Bank of America Corp’s Countrywide unit placed profits over quality in a “massive fraud” selling shoddy mortgages to Fannie Mae and Freddie Mac, a U.S. government lawyer said on Tuesday.
Analysis: South Korea setback shows pressure on Boeing warplane orders
WASHINGTON (Reuters) – South Korea’s decision to reopen bidding for a fighter-jet contract rather than accept Boeing Co’s F-15 Silent Eagle signals a wider problem for the aerospace giant: revenue from its most profitable but aging military aircraft is…
