Daihatsu recalls record 892,000 vehicles over engine glitch
TOKYO (Reuters) – Daihatsu Motor Co said it is recalling a record 892,000 vehicles, mostly in Japan, over an engine sensor glitch.
Portugal government seeks to ease 2014 deficit goal
LISBON (Reuters) – Portugal’s government is trying to persuade its EU/IMF lenders to ease the budget deficit goal set for next year to 4.5 percent of GDP from 4 percent, Deputy Prime Minister Paulo Portas said on Wednesday.
France to revise down 2014 growth forecast, raise deficits: report
PARIS (Reuters) – France is to trim its growth forecast for 2014 from 1.2 percent to 0.9 percent and hike its budget deficit projections for this year and next, reflecting a slower-than-hoped recovery, Les Echos newspaper reported on Wednesday.
PetroChina, Shell’s $13 billion refinery stalls on land issue: sources
BEIJING (Reuters) – Plans for a $13 billion refinery and petrochemical complex in east China have stalled over finding a suitable site for the plant, which could face long-term delays, industry and government officials said.
Vodafone still short of acceptances as Kabel deadline looms
FRANKFURT (Reuters) – Vodafone has secured close to 20 percent of shares in Kabel Deutschland, meaning it needs another 55 percent to be tendered on Wednesday for its 7.7 billion-euro ($10.2 billion) offer for Germany’s largest cable company to succeed…
BlackBerry lays off dozens of U.S. sales staff: WSJ
(Reuters) – Struggling smartphone maker BlackBerry Ltd cut several dozen jobs from its U.S. sales team on Monday, the Wall Street Journal reported, citing people familiar with the matter.
UK jobless rate dips to 7.7 percent, claimant count down sharply
LONDON (Reuters) – Britain’s unemployment rate fell unexpectedly in July to its lowest since late last year, adding to bets in financial markets that the Bank of England might raise interest rates earlier than it has suggested.
Banks raise China growth forecasts, but flag unaddressed risks
BEIJING (Reuters) – Investors are confident China has put a floor under a protracted slowdown for now and will meet the government’s growth target for 2013, but analysts say the trade-off is a delay in addressing imbalances in the world’s second-larges…
Japan shouldn’t exaggerate pain from tax hike: BOJ policymaker
AOMORI, Japan (Reuters) – Policymakers should not overreact to any blip in the economy from an expected sales tax hike next year, a Bank of Japan board member said, suggesting that no additional monetary stimulus is required as long as the downturn is …
China’s Wanda has $5 billion a year for foreign acquisitions
DALIAN, China (Reuters) – Chinese property developer Dalian Wanda Group says it can afford to spend as much as $5 billion every year to buy foreign firms or assets, underscoring the rising clout of the firm as it expands abroad.
