Fitch may upgrade Nokia debt rating after Microsoft deal
HELSINKI (Reuters) – Credit rating agency Fitch said it may upgrade Nokia’s speculative-grade debt rating after the company announced the sale of its handset business to Microsoft.
British prosecutor charges Japan’s Olympus over accounting scandal
TOKYO/LONDON (Reuters) – Britain’s fraud prosecutor has charged Japan’s Olympus Corp and its British subsidiary Gyrus with misleading or deceiving an auditor, dragging a $1.7 billion accounting scandal back into the spotlight two years after it first e…
China calls for regional cooperation over Fed quantitative easing tapering
BEIJING (Reuters) – China and its Asian neighbors should strengthen financial ties to head off risks stemming from any U.S. tapering of its stimulus programme, China’s deputy central bank governor, Yi Gang, said on Wednesday.
Syria concerns check gains on better economic data
LONDON (Reuters) – Concerns about Syria and looming central bank policy decisions held the dollar near a six-week high on Wednesday and kept shares and oil under pressure despite upbeat data on the global economic recovery.
Mortgage applications rise first time in four weeks: MBA
NEW YORK (Reuters) – Applications for U.S. home loans rose for the first time in four weeks as mortgage rates fell from their highest level this year, although demand for purchase loans slipped, data from an industry group showed on Wednesday.
Bank supervision timetable doable: ECB’s Asmussen
FRANKFURT (Reuters) – The European Central Bank will be able to begin its new banking supervision role on time if European lawmakers back legislation next week for it to take on the role, ECB Executive Board member Joerg Asmussen said on Wednesday.
China local debt under control, though some problems: finance minister
BEIJING (Reuters) – China’s local government debt is under control but there are relatively big problems in some areas, Finance Minister Lou Jiwei said in comments published on Wednesday, the latest comments on an issue that has raised concern among in…
Volvo car sales up five percent in August, Chinese sales up 66 percent
STOCKHOLM (Reuters) – Chinese-owned Swedish automaker Volvo Car Corp said on Wednesday it sold 26,998 cars in August, a five percent increase over the same period a year ago, citing strong growth in China.
U.S. small business borrowing rises to six-year high
(Reuters) – Small U.S. businesses took on more debt in July, pushing an index of borrowing to a six-year high and adding to evidence that the economic recovery is on firmer ground.
Novatek secures $8.5 billion gas deal to supply E.ON Russia
MOSCOW (Reuters) – Gas producer Novatek has agreed an 284 billion rouble ($8.5 billion) deal to supply more gas to E.ON Russia in 2014-2027, the Russian subsidiary of Germany’s E.ON , E.ON Russia said on Wednesday.
