Global shares buckle, U.S. bond yields rise on Fed tapering bets
LONDON (Reuters) – Global shares headed for their biggest weekly fall in almost two months on Friday, with markets setting aside evidence of a broad economic upturn to focus on signs the Federal Reserve’s stimulus program will soon end.
Maersk raises outlook as cost control improve profits
COPENHAGEN (Reuters) – A.P. Moller-Maersk operator of the world’s biggest container shipping fleet, raised its annual profit forecast for the business on Friday, helped by tighter cost controls and lower fuel prices.
Maersk raises outlook as cost control improve profits
COPENHAGEN (Reuters) – A.P. Moller-Maersk operator of the world’s biggest container shipping fleet, raised its annual profit forecast for the business on Friday, helped by tighter cost controls and lower fuel prices.
As Indian rupee hits record low, foreign investors baulk
MUMBAI (Reuters) – The rupee fell to a record low on Friday as measures to curb foreign currency outflows were seen as the latest roll of the dice by policymakers struggling to defend the currency in a slowing economy and a toughening global investment…
Goldman, Morgan Stanley in talks to buy stake in China’s Huarong: FT
HONG KONG (Reuters) – Deutsche Bank, Goldman Sachs and Morgan Stanley have held talks with China’s Huarong Asset Management Corp to invest in its $1.5 billion stake sale ahead of the company’s expected initial public offering next year, the Financial T…
In Britain, economic recovery increases PM Cameron’s political capital
LONDON (Reuters) – British Prime Minister David Cameron may be close to pulling off one of the most significant feats of his premiership: delivering a solid economic recovery ahead of a 2015 election.
At least one bid qualified for $7.4 billion South Korea fighter jet deal
SEOUL (Reuters) – South Korea said on Friday that at least one bid came in under budget for its 8.3 trillion Korean won ($7.42 billion) purchase of 60 next generation fighter jets, the country’s biggest-ever defense import program to replace its ageing…
South Korea says at least one qualifying bid in $7.4 billion fighter deal
SEOUL (Reuters) – South Korea said on Friday that at least one bid came in under budget for its 8.3 trillion Korean won ($7.42 billion) purchase of 60 next generation fighter jets, the country’s biggest-ever defense import program.
China moves further towards milk powder sector consolidation: paper
SHANGHAI (Reuters) – The Chinese government is set to issue a formal proposal to prompt consolidation among domestic infant formula firms, a state-run newspaper said on Friday, naming Inner Mongolia Yili Industrial Group as one of the likely beneficiar…
SNB says UBS can repurchase StabFund within three months
ZURICH (Reuters) – The Swiss National Bank (SNB) said on Friday the stabilization fund it set up five years ago to bail out Swiss bank UBS had repaid the loan granted by the SNB, allowing UBS to go ahead with its plan to repurchase the once-toxic asset…
