Russia fiercely rebukes Belarus for detaining potash boss
MINSK/MOSCOW (Reuters) – Belarus detained the head of Russia’s Uralkali , the world’s top potash producer, and threatened to seize its assets in the country on Monday, drawing a fierce rebuke from Moscow in an escalating dispute over the collapse of a …
McDonald’s Japan appoints new leader as sales slump
TOKYO (Reuters) – McDonald’s Holdings Co (Japan) Ltd replaced on Tuesday the president and CEO of its operating company after its first-half sales and profits dropped as higher prices put off customers.
Indian rupee hits record low as confidence in government ebbs
MUMBAI/NEW DELHI (Reuters) – The Indian rupee hit a record low and shares slumped on Tuesday after parliament’s approval of a $20 billion plan to provide cheap grain to the poor renewed doubts about the government’s resolve to control spending ahead of…
Syria doubts drive up oil, yen; stocks fall
LONDON (Reuters) – Uncertainty about the possibility of military action against the Syrian government lifted oil towards a five-month high on Tuesday, undercut world share prices and drove demand for safe-haven assets like the yen.
Honda’s China venture recalls over 400,000 vehicles in China
SHANGHAI (Reuters) – The Chinese venture of Japanese automaker Honda Motor Co Ltd will recall more than 400,000 vehicles in China due to piston rod defects, China’s quality watchdog said on Friday.
Spain’s recession deeper than initially stated in 2012: official data
MADRID (Reuters) – Spain’s economy shrank 1.6 percent in 2012, versus the 1.4 percent contraction previously recorded, according to revised historical gross domestic product data from the country’s National Statistics Institute (INE) released on Tuesda…
German business sentiment surges to highest in 16 months
BERLIN (Reuters) – German business sentiment surged to its highest level in 16 months in August, driven by a pickup in the manufacturing sector, and suggesting Europe’s largest economy is gaining momentum following strong growth in the second quarter.
Hong Kong Exchange names former NYSE Liffe executive as LME CEO
HONG KONG (Reuters) – The Hong Kong Stock Exchange named industry veteran Garry Jones as the CEO of the London Metal Exchange, selecting a former top executive at the NYSE Liffe to help drive its expansion into commodities and beyond.
Japan’s debt-funding costs to hit $257 billion next year: document
TOKYO (Reuters) – Japan expects to spend a record $257 billion to service its debt during the next fiscal year, a document obtained by Reuters showed, underscoring the huge burden created by the government’s borrowings.
China August official PMI seen hitting three-month high
BEIJING (Reuters) – China’s factory activity in August may have expanded at the fastest pace in three months, a Reuters poll showed, adding to evidence that the world’s second-largest economy may be stabilizing after slowing for more than two years.
