Japan budget requests at record $995 billion for next fiscal year: MOF
TOKYO (Reuters) – Japan’s government ministries made budget requests totaling a record 99.3 trillion yen ($994.9 billion) for the fiscal year from next April, the finance ministry said on Wednesday, which will test the government’s ability to cut spend…
Indian rupee in sharp rebound on suspected heavy intervention
MUMBAI (Reuters) – The Indian rupee staged a sharp recovery on Wednesday after suspected heavy dollar selling by the central bank, preventing the battered currency from slipping to a record low on the same day that the authority ushers in a new governo…
Euro zone business sees best month in two years in August: PMI
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, a survey showed on Wednesday, suggesting the region’s economy will grow slightly this quarter.
German private sector growth strongest in seven months in Aug: PMI
BERLIN (Reuters) – Growing new business helped Germany’s private sector expand at the fastest pace in seven months in August, a survey showed on Wednesday, suggesting Europe’s largest economy will post robust growth this quarter.
HTC executives steal trade secrets for Chinese city government: report
TAIPEI (Reuters) – Three HTC executives, arrested on suspicion of leaking trade secrets, were illegally passing on confidential technical information belonging to the Taiwanese smartphone maker to the government of Chengdu city in China, Next Magazine …
Toyota recalls 369,000 vehicles in Japan, U.S., Europe
TOKYO (Reuters) – Toyota Motor Corp said it is recalling around 200,000 hybrid SUVs globally including the Lexus RX400h, due to a glitch in the hybrid system’s inverter.
Home Retail says CEO Duddy to quit by July 2014
LONDON (Reuters) – Home Retail Group , Britain’s biggest household goods retailer, said Terry Duddy, one of the longest serving leaders in the stores sector, plans to quit the firm by next July.
Ladbrokes enters Australia with online bookmaker deal
LONDON (Reuters) – Britain’s Ladbrokes PLC has entered the Australian market by buying the owner of online bookmaker Bookmaker.com.au and sports marketing firm Panda Gaming.
British fraud agency to prosecute Olympus over accounting scandal
TOKYO (Reuters) – Britain’s fraud agency will prosecute Olympus Corp and its British unit Gyrus for falsifying accounts, the Japanese medical equipment maker said on Wednesday, dragging a $1.7 billion accounting scandal back into the spotlight after it…
Japan foundations see limited economic boost from Abenomics: survey
TOKYO (Reuters) – Almost half of Japanese charitable foundations, some of which have sizable assets, think Prime Minister Shinzo Abe will need to increase his economic stimulus measures to get the country onto a sustainable recovery path, according to …
