Bank of England holds fire, investors bet on earlier rate hike
LONDON (Reuters) – The Bank of England left monetary policy unchanged on Thursday but made no new attempt to talk down borrowing costs in financial markets, prompting investors to add to bets it will raise interest rates sooner than it has suggested.
U.S. private sector adds 176,000 jobs in August: ADP
NEW YORK (Reuters) – U.S. private employers added 176,000 jobs in August, nearly matching economists’ expectations for the month, a report by a payrolls processor showed on Thursday.
India markets rally as new RBI chief fuels confidence
MUMBAI (Reuters) – The rupee rallied and shares surged on Thursday after India’s new central bank chief unveiled measures to support the ailing currency, providing a shot of confidence for investors unnerved by the country’s worst economic crisis in tw…
U.S. planned layoffs jump in August: Challenger
NEW YORK (Reuters) – The number of planned layoffs at U.S. firms surged in August to their highest in half a year, with industrial goods manufacturers the hardest hit, a report on Thursday showed.
Hyundai Motor and union reach tentative wage deal
SEOUL (Reuters) – Hyundai Motor Co has reached a tentative wage deal with its South Korean labor union, a union spokesman said on Thursday.
Nigeria warns oil block buyers could lose operating rights
LAGOS (Reuters) – Nigeria’s state oil company warned investors interested in three shallow water oil blocks offered for sale by Chevron that buyers may lose the right to operate them.
German July industry orders fall, but recovery trend intact
BERLIN (Reuters) – German industrial orders fell more than expected in July but a sharp upward revision for the previous month suggested the industrial sector in Europe’s largest economy has extended its recovery into the third quarter.
AT&T, America Movil, Sawiris sound out Telecom Italia: source
MILAN (Reuters) – Egyptian tycoon Naguib Sawiris, AT&T and America Movil have made contact with the core Telecom Italia investors who want to sell their shares in the Italian group, a source close to the situation said.
Global food prices fall in August, FAO ups crop forecasts
ROME (Reuters) – Global food prices fell in August for the fourth month running, according to the United Nations’ food agency which again raised its 2013/14 forecast for grain production.
Hyundai Motor, union strike tentative wage deal
SEOUL (Reuters) – Hyundai Motor Co has reached a tentative wage deal with its South Korean labor union, a union spokesman said on Thursday.
