UAE’s Etihad sees clearance for Jet deal, extends deadline
DUBAI (Reuters) – Etihad Airways expects a $600 million investment in Jet Airways to be cleared by Indian authorities imminently, as it further extended a deadline for regulatory approval that ended on Aug 31, the Abu Dhabi carrier said on Sunday.
China official PMI hits 16-month high in August
BEIJING (Reuters) – China’s factory activity expanded at the fastest pace in more than a year in August with a jump in new orders, official data showed on Sunday, raising hopes that a rapid economic slowdown in the world’s second-largest economy may ha…
Verizon, Vodafone boards set to vote on $130 billion wireless deal
NEW YORK (Reuters) – The boards of Verizon Communications and Vodafone Group Plc are expected to vote this weekend on a $130 billion deal, funded by about $65 billion of debt, to give the U.S. telecom giant complete ownership of Verizon Wireless, peopl…
Verizon nears $130 billion wireless deal, to finance about $65 billion: sources
(Reuters) – Verizon Communications is near a $130 billion deal to buy out the 45 percent stake in Verizon Wireless it does not already own from Vodafone Group Plc and plans to raise about $65 billion to fund the purchase, people familiar with the matte…
Ford recalls 370,000 Lincoln, Mercury, and Ford sedans
(Reuters) – Ford Motor Co is recalling about 370,000 model year 2005 to 2011 Ford Crown Victoria, Mercury Grand Marquis and Lincoln Town Car sedans in the United States and Canada to fix a steering shaft issue, the company said in a statement.
ECB’s Coeure says bank eyeing money market rates closely: paper
STOCKHOLM (Reuters) – The European Central Bank is closely watching money market rates and will make sure they don’t rise too far, ECB policymaker Benoit Coeure said in an interview in a Swedish newspaper published on Saturday.
Japan panel backs sales tax hike coupled with stimulus
TOKYO (Reuters) – Japan’s government won backing for a controversial decision to raise the national sales tax in 2014 after influential members of a special advisory panel said the step would not threaten economic recovery or business confidence if it …
Pentagon insists it is open to foreign investment in the U.S.
WASHINGTON (Reuters) – The Pentagon is taking a harder look at proposed foreign acquisitions of U.S. companies given the increasing financial complexity of such deals, but continues to encourage foreign investment, a top U.S. defense official said this…
Wall Street Week Ahead: Jobs data could spur Fed action on stimulus
NEW YORK (Reuters) – Wall Street is bracing for a wave of economic reports next week, including the August jobs report, which might prove decisive in determining whether the economy is strong enough for the Federal Reserve to dial back its bond purchas…
Microsoft offers ValueAct president seat on board
SEATTLE (Reuters) – Microsoft Corp on Friday offered a seat on its board to the president of ValueAct Capital Management, the activist fund manager that pressed for the ouster of Microsoft Chief Executive Steve Ballmer and wanted a say on the software …
