Airbus says has 100 commitments for A320neo in China
SINGAPORE (Reuters) – Airbus is getting closer to a firm order for the upgraded variant of its A320 aircraft in China after securing commitments for 100 of the re-engined, more fuel-efficient planes, including some deals already announced.
Covidien to cut costs by outsourcing, consolidating plants
(Reuters) – Medical device maker Covidien Plc said it would cut costs by outsourcing services to low-cost locations and consolidating manufacturing and distribution centers.
Britain to keep up pressure on Libor reform
LONDON (Reuters) – New rules governing how market benchmarks like Libor are set will be reviewed and tightened if necessary to restore trust after rigging scandals, a UK financial regulator said.
Lufthansa orders 59 Boeing, Airbus aircraft
FRANKFURT (Reuters) – Deutsche Lufthansa announced its largest ever order for 59 Airbus and Boeing wide-body jets in a deal worth 14 billion euros at list prices that will see it launch a new version of Boeing’s 777 jet.
Greek quarterly unemployment falls for first time in almost four years
ATHENS (Reuters) – Greece’s jobless rate dropped slightly to 27.1 percent in the second quarter of 2013 from 27.4 percent in the previous three-month period as economic activity slumped, the country’s statistics service said on Thursday.
Goldman, HSBC spat over Huishan IPO highlights Chinese squeeze on banks
HONG KONG (Reuters) – A recent shouting match between senior bankers involved in Hong Kong’s second-largest IPO so far this year illustrates the competitive squeeze on banks from Chinese companies offering incentives ahead of lucrative initial public o…
Japan land prices fall at slowest pace in five years as deflation eases
TOKYO (Reuters) – Japan’s land prices fell the least since the global financial crisis in the year to July 1, while commercial land in the three biggest cities rose in value for the first time in the same period, the latest signs that deflation is easi…
Scania says no summer lull for European truck demand
SODERTALJE, Sweden (Reuters) – Swedish truckmaker Scania did not see the usual seasonal slowdown in Europe in the third quarter, it said on Thursday, as fleet operators rush to buy new vehicles before new emission standards compel them to buy more expe…
Analysis: Time to taper? Not if you look at bank loans
(Reuters) – The U.S. Federal Reserve decided to hold off on scaling back its bond-buying program on Wednesday, and at least one reason for its choice may have been a stubbornly weak economic indicator: bank lending.
Fed surprises, sticks to stimulus as it cuts growth outlook
WASHINGTON (Reuters) – The U.S. Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth.
