Analysis: Retailers look to click & collect online profits
BERLIN/PARIS (Reuters) – European retailers have gone back to bricks and mortar in the hope of turning their online food businesses profitable – racing to build pick-up points to capitalize on shoppers’ increasing demand for “click and collect” grocery…
Traders shift bets on first Fed rate hike to October 2014
(Reuters) – Traders of short-term U.S. interest-rate futures on Friday pushed bets on the Federal Reserve’s first rate hike a bit later into 2014 after a government report showed the U.S. economy added fewer jobs than expected in August.
Smithfield Foods profit falls on weak exports
(Reuters) – Smithfield Foods Inc , the U.S. pork producer that has agreed to a $4.7 billion buyout by China’s Shuanghui International Holdings, reported a 36 percent fall in quarterly profit, hurt by lower exports to key international markets such as J…
American Tower to buy Global Tower in $4.8 billion deal
(Reuters) – American Tower Corp said it would buy privately held MIP Tower Holdings LLC, the parent of telecom tower operator Global Tower Partners, in a $4.8 billion deal to take advantage of the roll-out of 4G wireless network in the United States.
Volkswagen in talks with UAW on Tennessee plant workers
DETROIT (Reuters) – Volkswagen AG is in talks with the United Auto Workers because worker representation at the plant can only be realized by working with a U.S. trade union, the German carmaker’s auto assembly plant manager in Chattanooga, Tennessee, …
Fed can start tapering ‘later this year,’ says Evans
GREENVILLE, South Carolina (Reuters) – The U.S. Federal Reserve can begin winding down its bond-buying stimulus later this year as the economy improves, but will likely need to keep official interest rates near zero for another two years, Chicago Fed P…
AirAsia, Malaysia Airlines fined for flouting competition rules
KUALA LUMPUR (Reuters) – Malaysia’s competition watchdog on Friday fined national carrier Malaysian Airline System Berhad and budget airline AirAsia Berhad 10 million ringgit ($3 million) each for breaking competition rules in a pact that later fell th…
Ireland to seek 10 billion euro post-bailout backstop
DUBLIN (Reuters) – Ireland will seek a 10 billion euro precautionary credit line to insulate it against possible market shocks when its bailout expires at the end of this year, Finance Minister Michael Noonan said.
Kremlin says to study Belarusian claims against Uralkali
ST. PETERSBURG, Russia (Reuters) – Russia needs to study all Belarusian claims against potash producer Uralkali before coming to any conclusions, Russian President Vladimir Putin’s spokesman said, diminishing the chance of a quick solution to a potash …
China able to cope with Fed policy tapering: central bank head
BEIJING (Reuters) – China will be able to cope with a possible shock if the U.S. Federal Reserve opts to taper its stimulus policy, central bank chief Zhou Xiaochuan said in comments published on Thursday.
