ECB’s Draghi tries to shepherd markets fixated on Fed
FRANKFURT (Reuters) – European Central Bank chief Mario Draghi will battle to talk down market interest rates on Thursday but a fledgling euro zone recovery and a looming U.S. Federal Reserve meeting make his job almost mission impossible.
OECD sees Europe joining U.S. recovery, emerging markets sluggish
PARIS (Reuters) – Led by firm U.S. growth, the outlook is gradually improving for advanced economies while even crisis-weary Europe is at last joining the recovery, the OECD said on Tuesday.
German new car sales fell about five percent in August: source
HAMBURG (Reuters) – German new car sales fell about 5 percent in August, extending the year-to-date decline in Europe’s biggest auto market to about 7 percent, a person familiar with the matter told Reuters on Tuesday.
Spain’s registered jobless inches lower in August
MADRID (Reuters) – The number of Spaniards registered as jobless in August fell marginally from July, marking a sixth month of falling unemployment in what the government said was the latest sign the economy had turned a corner.
UK construction PMI hits highest level in Aug since Sept 2007: Markit/CIPS
LONDON (Reuters) – British construction activity grew at the fastest pace in nearly six years in August, driven by residential building, a survey showed on Tuesday, in another sign that the UK’s economic recovery is gathering pace.
Swiss economy powers ahead in second quarter
ZURICH (Reuters) – Switzerland’s economy grew by a robust and better-than-expected 0.5 percent in the second quarter, data showed on Tuesday, driven by private consumption and spending on machinery.
Shares, dollar rise on upbeat data
LONDON (Reuters) – Upbeat economic data powered Asian and emerging share markets to a fourth straight day of gains on Tuesday, while gold and the yen lost some of their safe-haven appeal as Washington delayed a possible strike on Syria.
PetroChina supplier Wison says chairman ‘assisting probe’
HONG KONG/BEIJING (Reuters) – The chairman of a Chinese oil engineering firm is helping the authorities with an unspecified investigation, the company said on Tuesday, amid a widening corruption probe into PetroChina , one of its major customers.
Japan PM to take into account BOJ tankan on tax hike decision: Amari
TOKYO (Reuters) – A decision on whether to proceed with a planned increase in Japan’s sales tax will be made in early October after taking into account the central bank’s “tankan” business sentiment survey, Prime Minister Shinzo Abe was quoted as sayin…
Vodafone shares open 1.2 percent down after Verizon deal agreed
LONDON (Reuters) – Shares in Vodafone opened 1.2 percent down on Tuesday after Verizon Communications agreed to pay $130 billion to buy the British company out of its U.S. wireless business, Verizon Wireless.
