Euro zone output falls in July, points to shaky recovery
BRUSSELS (Reuters) – Output at the euro zone’s factories fell by much more than expected in July in a sign of the weak demand from European households and the shakiness of the bloc’s economic recovery.
Greek unemployment rises to record 27.9 percent in June
ATHENS (Reuters) – Greece’s jobless rate rose to 27.9 percent in June from 27.6 percent in May, reflecting the impact of a six-year, austerity-fuelled recession, the country’s statistics service ELSTAT said on Thursday.
Shifting Fed view slows share rise, dollar dips
LONDON (Reuters) – Tempered expectations over the pace at which the U.S. Federal Reserve will withdraw its stimulus kept many financial markets in check on Thursday, including holding European shares hovering near five year highs.
Italy industry output dives, dampening recovery hopes
ROME (Reuters) – Italian industrial output was much weaker than expected in July, falling 1.1 percent and pouring cold water on hopes that the country might emerge from its longest post-war recession in the third quarter.
Oil markets to ease as supply improves, currencies weaken: IEA
LONDON (Reuters) – Global oil supplies look comfortable despite a massive outage in Libyan output and oil prices could see some downward pressure if sharp currency depreciation in emerging markets leads to softer demand, the International Energy Agency…
Exclusive: Sharp to raise up to $1.7 billion equity to repay debt – sources
TOKYO (Reuters) – Japan’s Sharp Corp plans to raise up to $1.7 billion as the struggling TV and display maker seeks to pay down debt after a rescue last year and shore up its tattered finances, people with knowledge of the moves told Reuters.
Britain to float Royal Mail within weeks
LONDON (Reuters) – Britain embarked on its largest privatization in decades on Thursday as the government unveiled plans to sell the majority of the near 500-year-old state-owned Royal Mail postal service.
Japan mulls $50 billion stimulus to offset sales-tax hike: sources
TOKYO (Reuters) – Japan is considering $50 billion in economic stimulus to cushion the blow of a national sales-tax increase that is meant to rein in the government’s massive debt, people involved in the decisions said on Thursday.
Lockheed Martin pursues tech deals in Britain, Australia
LONDON (Reuters) – U.S. defense company Lockheed Martin is looking to make more technology acquisitions in Britain and Australia after buying UK technology firm Amor Group.
Police investigating Trinity Mirror over phone hacking liability
LONDON (Reuters) – British newspaper publisher Trinity Mirror said on Thursday the police were investigating whether the group was criminally liable for alleged phone hacking by previous employees on the Sunday Mirror tabloid.
