Euro zone trade surplus widens in July on exports revival
BRUSSELS (Reuters) – The euro zone’s trade surplus widened in July thanks to a revival in exports, another sign that sales to the rest of the world are proving to be central to the bloc’s recovery.
Luxembourg courts Chinese investors for Cargolux stake
BRUSSELS (Reuters) – Luxembourg is in talks with Chinese investors over the sale of its 35 percent stake in freight-only airline Cargolux .
Tight oil potential outside North America is huge: study
LONDON (Reuters) – Commercially recoverable reserves of tight oil in the rest of the world could be double or more those of North America and the geology of the 23 best opportunities is better in some cases, according to a new study.
Penthouse publisher FriendFinder Networks files for bankruptcy
(Reuters) – FriendFinder Networks , which publishes the adult magazine Penthouse, filed for Chapter 11 bankruptcy on Tuesday with the aim of cutting its debt load as the company struggled to make certain loan payments, a court filing showed.
Sharp issuing up to 450 million new shares in $1.7 billion fundraising: sources
(Reuters) – Japan’s Sharp Corp plans to issue up to 450 million new shares in a public offering as part of a plan to raise $1.7 billion that the company’s board will approve this week, two people with knowledge of the discussions said on Tuesday.
France’s Maurel & Prom mulls London listing: CEO
PARIS (Reuters) – French oil and gas explorer Maurel & Prom’s Paris listing is becoming a “handicap” and the group is considering a second listing in London to move closer to oil and gas investors, its chief executive told Reuters.
Philips raises targets, 1.5 billion euro share buyback
AMSTERDAM (Reuters) – Philips , the Dutch healthcare, lighting and consumer appliances group, raised most of its financial targets on Tuesday after two years of job cuts, divestments, and a focus on core activities turned around performance.
Peugeot loses ground as Europe car slump continues
PARIS (Reuters) – European car sales fell 4.9 percent last month, the Association of European Carmakers said on Tuesday, as PSA Peugeot Citroen lost more ground to premium and Asian rivals.
Exclusive: Foreign banks to provide upfront loans for Indian dollar deposits
SINGAPORE (Reuters) – Foreign banks are pushing to raise billions of dollars from expatriate Indians in response to New Delhi’s drive to defend its weak currency, which could mean the government can avoid the need for a sovereign bond or state-backed d…
Navigating the financial labyrinth of Germany’s Landesbanken
HAMBURG (Reuters) – To the casual observer, the Landesbanken’s results for the first half of this year might suggest Germany’s publicly-owned regional banks are in rude financial health.
