BoE’s Carney says uncertainty about RBS’ future must end
LONDON (Reuters) – Britain should end uncertainty over long-term plans for state-controlled Royal Bank of Scotland , Bank of England Governor Mark Carney said in a newspaper interview.
ECB’s Nowotny says don’t expect rate rise for some time
ALPBACH, Austria (Reuters) – Financial markets should not expect the European Central Bank to raise interest rates for the foreseeable future as long as expectations for inflation remain steady, ECB policymaker Ewald Nowotny said.
Insight: Batista’s Brazilian empire was sunk by more than hubris
RIO DE JANEIRO (Reuters) – Fifteen months ago, OGX Petróleo chief executive Paulo Mendonça was confident that the company he led was on track to become a major independent oil producer, an anchor for Eike Batista’s vast Brazilian resource empire.
Daimler’s Mercedes-Benz sees double-digit growth in China market
CHENGDU, China (Reuters) – Daimler AG’s Mercedes-Benz expects to see growth of up to 15 percent in China’s luxury car segment this year, a senior executive said, and is trying to grab a bigger share of that market by expanding into the inland-west and …
GE plans to exit U.S. retail lending: WSJ
(Reuters) – General Electric Co plans to spin off the U.S. consumer lending operations of its finance arm GE Capital, as the conglomerate moves to focus on its core industrial operations, the Wall Street Journal reported, citing people familiar with th…
UK house prices continue strong rise in August: Nationwide
LONDON (Reuters) – British house prices rose strongly for a fourth consecutive month in August, mortgage lender Nationwide said on Friday, citing a recovery in the economy and government measures onto help people on the property ladder.
Sundance sees troubled Africa iron ore project online by 2018
PERTH (Reuters) – Australia’s Sundance Resources expects to bring its $4.7 billion iron ore project in West Africa online by early 2018, despite the collapse of a takeover by China’s Hanlong Group in April that many expected to doom the project.
Indian rupee resumes slide as fears grow for slowing economy
MUMBAI (Reuters) – The rupee slid back towards a record low on Friday, with investors braced for a statement on the state of economy from Prime Minister Manmohan Singh and the release of data that was expected to show India in the grip of a protracted …
More signs Abenomics is working as Japan prices, output rise
TOKYO (Reuters) – Japan is escaping deflation, the government said on Friday as data showing rising prices, falling unemployment, higher incomes and factory activity gathering momentum pointed to an ongoing recovery in the world’s third-largest economy…
U.S. authorities widen hiring probe beyond JPMorgan: WSJ
(Reuters) – U.S. authorities are seeking information from several banks and hedge funds on their hiring practices, focusing on the hiring of relatives of well-connected foreign officials with the intent of winning business, the Wall Street Journal repo…
