Homeowners underwater on mortgages falls in second quarter: CoreLogic
NEW YORK (Reuters) – Rising home prices drove down the number of U.S. homeowners struggling with underwater mortgages in the second quarter, leaving 14.5 percent of residential properties with a mortgage in negative equity, a report from CoreLogic show…
EADS taking time on M&A, A350 is on track: executive
PAU, France (Reuters) – EADS plans to adjust its portfolio as it reorganizes defense and space activities into a single division, but is in no hurry to embark on fresh deals, the European aerospace group’s strategy chief said on Tuesday.
U.S. small business confidence slips in August
WASHINGTON (Reuters) – U.S. small business optimism dipped in August as owners worried about the economy’s near-term outlook, but gains in sales expectations and hiring plans hinted at a pick-up in the pace of economic growth.
Asian central banks brace for Fed’s move, Indonesia seen most at risk
SEOUL (Reuters) – As global markets tremble in anticipation that the U.S. Federal Reserve will decide next week to begin tapering its monetary stimulus, four central banks in the Asia-Pacific with very different comfort levels are likely to hold intere…
Maserati sees vehicle sales jumping to 16,000 this year
FRANKFURT (Reuters) – Italian luxury carmaker Maserati expects its sales to jump to about 16,000 cars this year from 6,300 last year, its chief executive said, boosting the brand’s profit margin by a “high single digit” percentage.
Emerging markets lag as West’s ultra wealthy population jumps: report
SINGAPORE (Reuters) – The number of ultra wealthy people has risen much faster in the West than in emerging markets during the past year, according to a report released on Wednesday.
Greece says primary budget surplus means it on track to hit EU-IMF targets
ATHENS (Reuters) – Greece said on Tuesday its budget was in surplus, not counting interest payments, and that it was on course to hit fiscal targets and fulfill conditions to seek additional debt relief from its international lenders.
India’s August trade deficit shrinks as exports rise
NEW DELHI (Reuters) – India’s trade deficit narrowed to $10.9 billion in August, helped by a double digit rise in merchandise exports, provisional government data showed on Tuesday, offering some respite for the troubled rupee currency.
IMF chief says bank union needs to be completed quickly
PARIS (Reuters) – International Monetary Fund chief Christine Lagarde urged euro zone governments on Tuesday to make quick progress on their proposed banking union, to put the bloc’s crisis definitively behind it.
Russia to invest $1 billion in rare earths to cut dependence on China
MOSCOW (Reuters) – Russia will invest $1 billion in rare earths production by 2018 in a bid to become less dependent on China, which controls more than 90 percent of global supply of the elements used in sectors including defense, telecommunications an…
