China vets brokerages’ computer systems after $3.8 billion buy error
BEIJING/SHANGHAI (Reuters) – China’s more than 110 brokerages will come under government scrutiny after Everbright Securities mistakenly made 23.4 billion yuan ($3.82 billion) of buy orders, collectively the biggest erroneous trade in Chinese stock mar…
German private sector grows in August at strongest rate since January: PMI
BERLIN (Reuters) – Germany’s private sector expanded in August at its fastest rate since January, a survey showed on Thursday, in a sign Europe’s largest economy is back on track after a contraction late last year and a subdued start to 2013.
Fonterra says China-bound milk powder halted in May for high nitrite
WELLINGTON/BEIJING (Reuters) – New Zealand’s Fonterra, the world’s biggest dairy exporter caught up in a contamination scandal earlier this month, said on Thursday it was also forced to withdraw 42 tons of milk powder bound for China because of high ni…
Insight: At Apple, Tim Cook leads a quiet cultural revolution
SAN FRANCISCO (Reuters) – Shortly after signing on as chief operating officer at Facebook, Sheryl Sandberg was looking to connect with people in a similar role – No. 2 to a brilliant and passionate young founder. She called Tim Cook.
Eli Lilly says ‘deeply concerned’ by bribery allegations in China
SHANGHAI (Reuters) – U.S. drugmaker Eli Lilly and Co said it was “deeply concerned” about allegations published in a Chinese newspaper that it spent more than 30 million yuan ($4.90 million) to bribe doctors in China to prescribe the firm’s medicines i…
Norway’s outgoing government to set tight 2014 budget, PM tells paper
OSLO (Reuters) – Norway’s 2014 budget, due just before a new government takes office in October, aims to keep a tight rein on spending, the prime minister told a newspaper on Thursday, potentially reinforcing his reputation as a strong manager of the e…
China money rates fall but worries over cash squeeze linger
SHANGHAI (Reuters) – China’s money rates fell slightly on Thursday after the People’s Bank of China injected more funds into the market, signaling its intention to keep rates stable amid strong cash demand at month-end.
China’s Everbright Securities to replace president
SHANGHAI (Reuters) – China Everbright Securities , under fire over a trading error that has prompted investigations by authorities, said on Thursday it will replace its current president.
Exclusive: Millennium duo plans record $1.4 billion Asia hedge fund – sources
HONG KONG (Reuters) – Two top executives of Millennium Management LLC are preparing to start a $1.4 billion hedge fund in Asia, people familiar with the matter told Reuters, in what would be the region’s largest such fund launch.
Analysis: New tastes, nimble fashion rivals squeeze top U.S. teen chains
(Reuters) – Abercrombie & Fitch Co , Aeropostale Inc and American Eagle Outfitters Inc have fallen out of fashion with fickle U.S. teen shoppers and aren’t likely to win back their business anytime soon.
