Ford Europe sees no quick end to price war
FRANKFURT/DETROIT (Reuters) – Europe’s car market may have finally stopped shrinking, but a manufacturers’ price war will not let up until sales increase significantly, a senior Ford executive said.
HKEx CEO says close to picking new LME chief
HONG KONG (Reuters) – Hong Kong Exchanges and Clearing Ltd (HKEx) is close to picking a new CEO for the London Metal Exchange and will make an announcement in due course, Chief Executive Charles Li said on Thursday.
Global shares, dollar lower as investors fret about the Fed
LONDON (Reuters) – World shares edged lower and the dollar fell on Thursday as uncertainty over when U.S. Federal Reserve will begin cutting its monetary stimulus offset a brighter economic picture in Europe.
New iPhone, 4G technology may mean Apple, China Mobile tie-up closer
SINGAPORE/HONG KONG (Reuters) – The stars may be aligning for a long-awaited deal between Apple Inc and China Mobile Ltd, the world’s biggest mobile carrier, that could help the iPhone maker claw back lost ground in its most important growth market.
Ford Europe sees no quick end to price war
FRANKFURT/DETROIT (Reuters) – Europe’s car market may have finally stopped shrinking, but pricing pressure will remain fierce until sales volume picks up considerably, a senior executive at U.S. carmaker Ford told Reuters.
Key Euribor rate steadies as ECB rate cut expectations fade
FRANKFURT (Reuters) – The key Euribor bank-to-bank lending rate was unchanged on Thursday, consolidating gains from the prior session when data showing the euro zone emerged from recession in the second quarter dented hopes for another ECB rate cut.
Cisco cutting 4,000 jobs, CEO sees slow progress
(Reuters) – Network equipment maker Cisco Systems Inc is cutting 4,000 jobs, or 5 percent of its workforce, as it makes a fresh attempt to reduce costs and refocus on growth areas in the face of uncertain demand for its networking equipment.
Japan signals corporate tax cut a long shot as deflation eases
TOKYO (Reuters) – Japanese policymakers indicated they favor tax incentives to lift weak business investment rather than a cut in corporate taxes, as the government signaled confidence its stimulus policies had put the economy on the path to escape def…
China’s Sun Art goes online to chase retail boom
HONG KONG (Reuters) – China’s biggest hypermarket chain Sun Art Retail Group Ltd is taking on Wal-Mart Stores Inc in the booming domestic e-commerce sector as it seeks new ways to maintain its market share in the face of fierce competition.
Analysis: Asia’s great investor rotation flows to North from South
SINGAPORE/HONG KONG (Reuters) – Alongside the great rotation from bonds to equities and from emerging to developed markets that has been 2013’s overriding investment theme, Asia is seeing its own migration in portfolio flows: from the South to North.
