Indian PM Singh says economy can weather rupee storm
NEW DELHI/MUMBAI (Reuters) – India’s prime minister sought to quell talk of currency crisis on Friday, after the rupee plumbed record lows as it notched its biggest ever monthly fall, but there was no word of sweeping reforms needed to restore investor…
South Africa’s Amplats cuts 4,800 jobs
JOHANNESBURG (Reuters) – Anglo American Platinum , the world’s top platinum producer, said on Friday it would cut about 4,800 jobs, laying off 3,300 workers and paying off the rest, and will redeploy 1,600 more.
U.S., Switzerland strike bank deal over tax evasion
WASHINGTON/BERN (Reuters) – The United States and Switzerland have struck a deal to allow some Swiss banks to pay fines to avoid or defer prosecution over tax evasion by their U.S. customers, moving closer towards ending a long-running dispute.
Mall developers feel the pull of Africa’s consumer boom
ACCRA/JOHANNESBURG (Reuters) – When Wal-Mart Stores , the world’s top retailer, bought control of major South African discount chain Massmart Holdings in 2011, American shopping mall developer Irwin Barkan had an epiphany.
Germany: still ready to talk with Airbus on fought-over loan
BERLIN (Reuters) – Germany’s government is still ready to negotiate with Airbus over payment of a long-disputed development loan worth more than 600 million euros, the economy ministry said on Friday, denying a newspaper report that talks with the plan…
Dollar firm as Syria action on hold, oil eases
LONDON (Reuters) – Signs of strength in the U.S. economy kept the dollar near a four-week high against major currencies on Friday, while oil prices fell on ebbing prospects of an imminent U.S.-led military strike against Syria.
India not headed back to 1991 crisis: Manmohan Singh
NEW DELHI (Reuters) – India is not facing a repeat of the 1991 balance of payments crisis and fears that economic growth will slip to as low as 3 percent are unfounded, Prime Minister Manmohan Singh said.
Swiss economic recovery to pick up speed in near future
ZURICH (Reuters) – Switzerland’s economy will gain momentum in the coming months, buoyed in part by an improvement in business sentiment in surrounding euro zone countries, the leading Swiss indicator suggested on Friday.
L’Oreal could sell Sanofi stake to fund acquisitions: CEO
PARIS (Reuters) – L’Oreal Chief Executive Jean-Paul Agon reiterated on Friday that the cosmetics group could sell its stake in drugmaker Sanofi to help fund acquisitions.
India’s Singh highlights bright side of crashing rupee
NEW DELHI (Reuters) – Prime Minister Manmohan Singh sought to soothe worries about the Indian economy on Friday, telling parliament that the crashing value of the rupee was part of a needed adjustment that would make Asia’s third-largest economy more c…
