Weak U.S. durable goods data dims growth outlook
WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods recorded their biggest drop in nearly a year in July and a gauge of planned business spending on capital goods also tumbled, casting a shadow over the economy early in the third qua…
Exclusive: T. Rowe bans some American Air employees from fund trading
NEW YORK (Reuters) – T. Rowe Price Group Inc has permanently banned about 1,300 American Airlines employees from trading among its funds in their 401(k) retirement plans, a rare move to curb “collective” trading by subscribers to an investment newslett…
Russia slashes economic growth forecasts, second time this year
MOSCOW (Reuters) – Russia cut its economic forecasts for the second time this year, increasing pressure on Vladimir Putin to revive growth that has faded since a state spending splurge helped secure his election to a third Kremlin term.
Landmark Chinese copper deal with Afghanistan at risk
KABUL (Reuters) – A consortium of Chinese investors has demanded a review of a landmark $3 billion deal to produce copper in Afghanistan, the Ministry of Mines said on Monday, putting at risk one of Kabul’s greatest hopes for economic independence.
U.S. to sell Indonesia Apache attack helicopters in $500 million deal
JAKARTA (Reuters) – The United States will sell the Indonesian army eight Apache attack helicopters in a deal worth $500 million including radar, training and maintenance, a U.S. defense official said on Monday.
Fiat Industrial says Tobin to be CNH Industrial CEO after merger
MILAN (Reuters) – Fiat Industrial said on Monday its Chief Operating Officer Richard Tobin would run CNH Industrial, the new company that will be formed CNH in the autumn.
Fukushima operator to seek foreign advice on toxic water
HIRONO, Japan (Reuters) – Tokyo Electric Power Co, the operator of the stricken Fukushima nuclear plant, said it would invite foreign decommissioning experts to advise it on how to deal with highly radioactive water leaking from the site, and Japan sig…
Italian tensions in focus as emerging markets steady
LONDON (Reuters) – Domestic political tensions drove Italian shares and bonds lower on Monday, while a steady dollar and lower U.S. debt yields gave battered emerging markets a second day of relative calm.
Analysis: Spending on cars, homes threatens apparel sales as holidays approach
(Reuters) – Even with consumer confidence at a six-year high, retailers ranging from Target Corp to Macy’s Inc are competing not only with each other but are also having to adapt to shifting spending patterns.
Insight: Trades from 1990s come back to haunt Wall Street
(Reuters) – In the 1990s, U.S. banks came up with a clever idea: using life insurance to bet that their employees would eventually die. Now those wagers are coming back to haunt Wall Street banks for reasons that have little to do with their employees’…
