Spain’s economic slump longer than thought, but easing
MADRID (Reuters) – Spain’s shrinking economy came close to stabilizing between April and June but its slump started three months earlier than previously thought, data showed on Thursday.
Italy must still meet targets after scrapping property tax, says Rehn
ALPBACH, Austria (Reuters) – European authorities will want to ensure Italy can still meet its fiscal commitments after scrapping a property tax, the European Commission’s top economic official said on Thursday.
EU’s Rehn says lenders to step up assessment of Greece next month
ALPBACH, Austria (Reuters) – Greece’s international lenders will step up their assessment next month of how the sustainability of the country’s finances can be ensured, the European Commission’s economic chief said on Thursday.
BOJ policymaker warns emerging markets may see more outflows
MORIOKA, Japan (Reuters) – The global economy could be hurt if the withdrawal of funds from emerging markets picks up ahead of an expected reduction in the U.S. Federal Reserve’s monetary stimulus, a Bank of Japan board member said on Thursday.
India PM likely to make statement on economy on Friday
NEW DELHI (Reuters) – Indian Prime Minister Manmohan Singh told parliament he was willing to make a statement on the state of economy on Friday, when the lawmakers asked him what steps the government was considering to take to deal with the falling rup…
Verizon close to $130 billion deal for Vodafone stake: Bloomberg
(Reuters) – Verizon Communications Inc is in advanced talks to buy Vodafone Group Plc’s 45 percent stake in their U.S. joint venture for about $130 billion, Bloomberg reported late on Wednesday, citing people with knowledge of the matter.
Analysis: Girding for battle as electronic derivatives trading revived
NEW YORK (Reuters) – The $300 trillion privately traded U.S. derivatives markets could be on the verge of the biggest change in their 30-year history if investors embrace new electronic trading platforms that would reduce the market dominance of large …
Barclays hires investment bankers to lead metals and mining team
NEW YORK (Reuters) – Barclays hired two investment bankers to lead its global metals and mining team, luring them away from rival UBS and boutique investment bank Liberum Capital.
U.S. probe into JPMorgan hiring practices widens: Bloomberg
HONG KONG (Reuters) – U.S. government investigations into the hiring practices of JPMorgan in China have uncovered evidence including a spreadsheet that links hires to specific deals, Bloomberg News reported, citing people with knowledge of the matter….
China environment ministry suspends some approvals for Sinopec, CNPC
BEIJING (Reuters) – China’s environment ministry will stop approving some new refining projects or the expansion or renovation of existing facilities by the country’s top state-owned oil firms after they failed to meet key pollution targets in 2012, it…
