Russia makes new threats over Ukraine’s pro-Europe policy
YALTA, Ukraine (Reuters) – Ukraine’s prime minister sought on Saturday to calm Russian fears over Kiev’s plans to sign a free trade pact with the European Union, but a Kremlin official repeated threats of retaliatory action.
Italy’s Fiat to take full control of VM Motori
MILAN (Reuters) – The Italian carmaker Fiat is planning to take full control of the diesel engine manufacturer VM Motori by buying out the half of the company owned by joint venture partner General Motors , Fiat said on Saturday.
Bangladesh garment workers stage biggest wage hike protest
DHAKA (Reuters) – About 50,000 garment industry workers held their largest protest so far in the Bangladeshi capital of Dhaka to demand an increase of more than 1-1/2 times in the minimum wage, police and labor officials said on Saturday.
Brazil ready to finance Petrobras in offshore oil auction: paper
RIO DE JANEIRO (Reuters) – Brazil’s government plans to finance state-run oil company Petroleo Brasileiro SA’s participation in the October 21 auction of Libra, country’s largest-ever oil discovery, the Estado de S. Paulo daily newspaper reported on Sa…
ThyssenKrupp wins banks’ support to extend credit lines: magazine
BERLIN (Reuters) – Germany’s ThyssenKrupp won support from banks to extend credit lines worth 2.5 billion euros ($3.4 billion) as the steelmaker is grappling with billions of debt and its ailing Americas business, WirtschaftsWoche reported.
Mersch hopes ECB supervision leadership in place by January 2014
FRANKFURT (Reuters) – The European Central Bank should be able to staff the leading positions of its new supervisory authority by the end of the year, Executive Board member Yves Mersch was quoted as saying on Saturday.
Deutsche Telekom to pick Scout24 buyer from four bidders: magazine
BERLIN (Reuters) – German phone company Deutsche Telekom will pick a buyer for its online classified advertising business Scout24 from four private equity firms, Focus magazine reported on Saturday.
ECB’s Asmussen says Ireland should stick to austerity target
DUBLIN (Reuters) – Ireland should not ease up on austerity in its annual budget next month but stick to a target of 3.1 billion euros ($4.2 billion) worth of spending cuts and tax hikes, European Central Bank Executive Board member Joerg Asmussen said …
EnBW spending on hold over pending elections: paper
BERLIN (Reuters) – German utility EnBW has put on hold investments worth billions of euros in offshore wind energy because decisions on future state aid have been delayed pending the outcome of federal elections, its chief executive told a newspaper.
BlackBerry warns of big loss, 4,500 job cuts; shares dive
TORONTO (Reuters) – BlackBerry Ltd warned on Friday it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, rekindling fears of the company’s demise and sending its shares into a ta…
