U.S. program to curb wild stock price swings triggered frequently
NEW YORK (Reuters) – The roll-out of a new program to limit wild price swings in publicly traded securities triggered dozens of trading halts on Monday as highly illiquid names were phased into the program.
Employment gains falter in U.S. states
WASHINGTON (Reuters) – Jobless rates dropped in only eight states in July from the previous month and rose in 28, the Labor Department said on Monday, as employment gains sputtered.
Atlas Copco to diversify into pumps with $1.6 billion Edwards buy
STOCKHOLM (Reuters) – Sweden’s Atlas Copco is buying British vacuum pump specialist Edwards Group for up to $1.6 billion in cash as tries to offset deteriorating profits from its mining engineering business, it said on Monday.
Boeing undercuts rivals in South Korea fighter contest: sources
SEOUL (Reuters) – Boeing’s bid in the 8.3 trillion won ($7.4 billion) tender to supply South Korea with 60 fighter aircraft was the only one below the price ceiling set by the country’s arms procurement agency, sources close to the process said on Mond…
Statoil funds growth, OMV seals output with $2.65 billion North Sea deal
OSLO/VIENNA (Reuters) – Norway’s Statoil sold stakes in North Sea oil fields to Austria’s OMV on Monday, in a $2.65 billion deal giving the former cash to develop new projects and placing the latter on course to meet ambitious output targets.
Spain’s El Corte Ingles in 3.8 billion euro debt refinancing deal
MADRID (Reuters) – Spanish department store El Corte Ingles, the country’s largest privately held company, said on Monday it had reached a deal to refinance three quarters of its 5 billion euro ($6.7 billion) debt.
Saks reports weak second-quarter sales, deeper loss
(Reuters) – Saks Inc on Monday reported a deeper than expected second-quarter loss after disappointing sales of shoes and handbags forced the luxury retailer to mark down prices.
Indian rupee falls to record low; bond yields hit five-year high
MUMBAI (Reuters) – The rupee hit a record low on Monday as India’s defense of the currency failed to stop its decline but exacted a rising toll, with bond yields surging to five-year highs and investors demanding higher returns in an auction of cash bi…
U.S. pushes for more access to Japan auto, insurance markets
TOKYO (Reuters) – The United States urged Japan on Monday to open its auto and insurance markets more to foreign companies as the two countries pursue bilateral talks linked to a broader free-trade agreement that covers two-fifths of the globe.
Exclusive: Indonesia oil regulator suspends energy tenders amid graft scandal
JAKARTA (Reuters) – Indonesia’s energy regulator has suspended all oil, condensate and natural gas sell tenders as it reviews internal procedures after its chairman was caught taking an alleged bribe from an oil trader last week, an agency official sai…
