Oil falls, shares gain on delay in Syria action
LONDON (Reuters) – Signs of delay in expected Western military strikes on Syria ended a three-day sell off on world share markets on Thursday, but investors were on edge over future turmoil in the Middle East.
Rupee falls in front of slowing Indian economy
NEW DELHI (Reuters) – The sense of crisis building around the rupee’s precipitous fall is likely to deepen on Friday with the release of data expected to show India’s economy slowing to dangerously low levels.
Singapore’s Fraser & Neave says in beer spat with Myanmar partner
SINGAPORE (Reuters) – Singapore property and drinks conglomerate Fraser and Neave Ltd said on Thursday its joint venture partner, which is run by the Myanmar military, plans to start arbitration proceedings over the company’s stake in Myanmar Brewery L…
Euro zone, IMF to press Greece for foreign agency to sell assets
BRUSSELS (Reuters) – Greece’s international lenders will press Athens next month to transfer state-owned real estate to a holding company managed by the euro zone to spur flagging privatization efforts, officials said on Thursday.
Israel looks to glitter in world diamond trade
RAMAT GAN, Israel (Reuters) – The Israel Diamond Exchange flexed its muscles this week, hosting a four-day show it hopes will strengthen its position as a major hub, and market leaders voiced optimism the struggling industry would have a strong end to …
Renault says COO Tavares steps down
PARIS (Reuters) – Renault said Chief Operating Officer Carlos Tavares will leave the company to “pursue other personal projects”.
Singapore’s Fraser & Neave says in beer spat with Myanmar partner
SINGAPORE (Reuters) – Singapore property and drinks conglomerate Fraser and Neave Ltd said on Thursday its joint venture partner, which is run by the Myanmar military, plans to start arbitration proceedings over the company’s stake in Myanmar Brewery L…
ICBC, Bank of China second-quarter profits beat estimates
SHANGHAI/HONG KONG (Reuters) – Industrial and Commercial Bank of China Ltd and Bank Of China Ltd both reported better-than-expected second-quarter profit growth on Thursday, as net interest margins held steady while fees rose sharply.
German unemployment edges up in August, but job market solid
BERLIN (Reuters) – Slightly more people were out of work in Germany in August than a month ago due in part to a summer lull, but the unemployment rate stayed near its lowest since the country reunified more than two decades ago, Labour Office data show…
India’s central bank should consider monetizing gold: trade minister
NEW DELHI (Reuters) – India’s central bank should look into the possibility of monetizing gold holdings, Trade Minister Anand Sharma said on Thursday, in the latest proposal aimed at combating a yawning current account deficit that has hammered the rup…
