China factory activity up for first time in sour months in August: survey
BEIJING (Reuters) – China’s factory activity expanded for the first time in four months in August as domestic demand rebounded, a private survey showed on Monday, the latest sign that the world’s second-largest economy may have avoided a sharp slowdown…
UK manufacturers’ investment plans strongest in six years: poll
LONDON (Reuters) – British manufacturers are planning the fastest increase in capital investment in the year ahead since before the financial crisis, a survey showed, suggesting the economy could be heading for a more balanced recovery.
Syria vote complicates U.S. fiscal debate; stop-gap more likely
WASHINGTON (Reuters) – A vote in Congress over whether to launch U.S. attacks against Syria is expected to wreak collateral damage – leaving too little time on Capitol Hill to deal with fast-approaching fall deadlines to fund government agencies and ra…
Stock futures higher as concerns over Syria ease
NEW YORK (Reuters) – Stock futures rose on Sunday, a day after U.S. President Barack Obama opted to seek congressional authorization for military action against Syria, a move that was likely to delay any strike for at least nine days.
Ditch the stats: China retailers don’t buy signs of recovery
HONG KONG (Reuters) – If things are really starting to look up for China’s economy, as a recent spate of better-than-expected government data seems to suggest, nobody appears to have told its biggest retailers.
Verizon, Vodafone to announce $130 billion U.S. deal on Monday
NEW YORK/LONDON (Reuters) – Verizon Communications and Vodafone plan to announce a $130 billion deal on Monday that will give the U.S. telecom giant complete control of Verizon Wireless, subject to final board approval, people familiar with the matter …
Insight: India’s crisis within a crisis; finance minister fights on two fronts
NEW DELHI (Reuters) – Late last month, with their doors shut to the mounting market panic outside as investors fled the country, India’s cabinet ministers gathered to give final approval to a cheap food scheme for the poor.
Speedier clearances no magic wand for India’s infrastructure logjam
NEW DELHI (Reuters) – Scrambling for remedies as investors’ faith in India sagged, the government said last week it fast-tracked approval for a slew of infrastructure projects worth $28 billion: but the stroke of a pen in New Delhi will not be enough.
Ackermann feared suicide would thwart Zurich performance drive
FRANKFURT (Reuters) – Josef Ackermann resigned because he saw the suicide of Zurich Insurance Group’s finance chief curbing his ability to drive through change to revive profits, a source close to the former chairman said on Sunday.
BRICS agree on bank’s structure, progress difficult: Russia
MOSCOW/BRASILIA (Reuters) – The BRICS bloc of large, emerging economies has agreed on the structure of a proposed development bank with $50 billion in capital, but ironing out “difficult” details may take months, Russian Deputy Finance Minister Sergei …
