Cost of oranges betrays lack of zest in Indonesia’s economy
JAKARTA (Reuters) – Indonesia’s government is confident that a slide in economic growth, exacerbated by recent capital flight from emerging markets, is a hiccup that will soon pass. The price of oranges in a Jakarta market gives a clue why that faith l…
India Inc to policymakers: shape up, or we’ll ship out
MUMBAI (Reuters) – After the rapid slide in India’s rupee this year, the message from the country’s corporate titans to the government is clear: shape up and fix the problems or more companies will expand their business abroad and deprive the economy o…
Longer wait for China residency permits irk foreign firms
BEIJING (Reuters) – Foreign executives in China are upset at a new rule that allows authorities to hold passports for up to 15 working days when processing and renewing residency permits, saying it could disrupt essential business travel within China a…
Monte Paschi doubles planned capital hike to 2.5 billion euros
ROME (Reuters) – Italy’s Banca Monte dei Paschi di Siena will seek 2.5 billion euros ($3.3 billion) in extra capital from investors, more than double its original plan, under a revised bailout to shore up the loss-making bank, the economy ministry said…
BoE’s Fisher says may hold off on more QE: newspaper
LONDON (Reuters) – A Bank of England policymaker who has been one of its biggest proponents of more bond buying said in an interview on Sunday that the bank could hold off from pumping more money into the economy if its new forward guidance plan works….
Berlin dismisses report it may reduce compensation sought from Toll Collect
BERLIN (Reuters) – Germany’s economy ministry on Sunday dismissed a report that it would accept a much lower sum in compensation from highway toll company Toll Collect than previously sought in order to bring a long-running legal dispute to an end.
Venezuela probe says sabotage caused Amuay disaster
CARACAS (Reuters) – An official investigation into a 2012 explosion at Venezuela’s largest refinery Amuay has concluded sabotage was to blame for one of the global oil industry’s deadliest accidents, the OPEC nation’s oil minister said on Sunday.
U.S. government spied on Brazil’s Petrobras oil firm: Globo TV
SAO PAULO (Reuters) – The U.S. government allegedly spied on Brazilian state-run oil company Petroleo Brasileiro SA, known as Petrobras, according to the web site of Globo, Brazil’s biggest television network.
Zoopla hires Credit Suisse to study possible flotation
LONDON (Reuters) – British property website Zoopla has hired investment bank Credit Suisse to explore growth opportunities, which could include a possible London stock market listing.
Restaurant renovations to boost Bob Evans shares: Barron’s
NEW YORK (Reuters) – Shares of Bob Evans Farms Inc are poised to extend their steep gains this year as an ongoing plan to remodel the company’s namesake restaurants boosts same-store sales, financial weekly Barron’s said on Sunday.
