Brokerages to offer restitution over REIT sales: Massachusetts regulator
BOSTON (Reuters) – Five independent brokerages will offer to pay investors an additional $10.8 million after a review of their procedures for the sale of real estate investment trusts, Massachusetts’ top securities regulator said on Wednesday.
Wary eyes watch next step for India’s Vedanta
LONDON/BANGALORE (Reuters) – The end of an 18-month overhaul of Vedanta’s byzantine structure, which has left the resources group leaner and better able to cut debt, has raised questions over future ambitions and the temptation to use new-found flexibi…
Dollar General beats in quarter but holds onto forecast
(Reuters) – Dollar General Corp posted better-than-expected second-quarter results on Wednesday as efforts such as selling cigarettes and more brand-name products attracted customers.
E*Trade, in sign of strength, to pull capital from bank
(Reuters) – E*Trade Financial Corp on Wednesday said U.S. bank regulators had approved its request to use capital from its bank subsidiary for broader corporate purposes, a sign of progress in its recovery from bad mortgage loans that severely crippled…
Exports, spending pull euro zone out of recession
BRUSSELS (Reuters) – A bounce in exports and spending pulled the euro zone out of recession in the second quarter of 2013, data shows, in the first signs of recovery after the bloc’s longest slump.
European Union launches clampdown on shadow banking
BRUSSELS/LONDON (Reuters) – Special funds used by big companies to park billions of euros of cash face stricter rules to make them safer, the European Commission said on Wednesday, taking a first step to reform unregulated finance known as shadow banki…
Uralkali chairman doesn’t rule out new potash deal with Belaruskali
MOSCOW (Reuters) – The chairman of Russia’s Uralkali , the world’s top potash producer, said he did not rule out future cooperation with its Belarusian peer despite authorities in Minsk having arrested Uralkali’s CEO.
Microsoft says most Xbox One pre-order supply sold out
SAN FRANCISCO (Reuters) – Retail stores in many markets have run out of Microsoft Corp’s Xbox One consoles available for pre-orders, a senior company executive said, ahead of a major clash with Sony Corp’s new lower-priced Playstation 4 this November.
India new RBI chief says economy ‘fundamentally sound’
MUMBAI (Reuters) – The new governor of the Reserve Bank of India, Raghuram Rajan, said on Wednesday the country’s economy was “fundamentally sound” and had a “bright future” in his first remarks after taking the helm at the central bank earlier in the …
Rising demand adds to evidence world growth is picking up
LONDON (Reuters) – Euro zone businesses had their best month in over two years in August as orders increased for the first time since mid-2011 while growth in China’s services sector hit a five-month high, underpinned by new orders and business optimis…
