Gauge of U.S. layoffs falls to pre-recession level
WASHINGTON (Reuters) – A gauge of the trend in layoffs of American workers fell last week to its lowest since before the 2007-09 recession, a hopeful sign for the U.S. economy.
ConocoPhillips to sell oil sands lease to Imperial, Exxon Canada
(Reuters) – ConocoPhillips said it would sell its interest in an oil sands leasehold in Canada for about $720 million as part of its plan to restructure its assets and hive off its stake in six Alberta properties.
Herbalife gets license to sell in more parts of China
(Reuters) – Herbalife Ltd said on Thursday that China has granted it a license to conduct its direct-selling business in Yunnan province.
Rio fails to sell loss-making aluminium as profit falls
MELBOURNE/LONDON (Reuters) – Mining group Rio Tinto has scrapped efforts to sell its loss-making Pacific Aluminium business, blaming poor market conditions as weaker iron ore, copper and coal prices dragged first-half profit down 18 percent.
Apollo’s second-quarter earnings soar on higher fund values
NEW YORK (Reuters) – Apollo Global Management LLC on Thursday reported a tenfold increase in second-quarter profit, in line with analyst expectations, as the value of its funds jumped and it announced its highest ever dividend since it went public in 2…
Top insulin maker Novo caught up in China’s widening drug probes
COPENHAGEN/LONDON (Reuters) – Chinese authorities have visited a site operated by Danish drugmaker Novo Nordisk A/S , the world’s biggest maker of insulin, in the latest sign of a widening investigation into Western drugmakers.
Robust China trade data lifts shares, dollar weak
LONDON (Reuters) – Signs of resilience in China’s slowing economy on Thursday helped end a 3-day selloff in world equities prompted by talk the U.S. Federal Reserve could soon wind back its stimulus program.
Greek unemployment hit new record in May of 27.6 percent
ATHENS (Reuters) – Greece’s jobless rate hit a new record high of 27.6 percent in May, official national data showed on Thursday as the country staggers under austerity linked to its international bailout.
BOJ chief calls for fiscal discipline as tax hike debate heats up
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda issued a strong warning on Thursday against easing up on fiscal discipline, stressing that the country can raise the sales tax and still keep the economy strong enough to put an end to grinding d…
Unexpected strength in China trade data eases some gloom
BEIJING (Reuters) – Surprisingly firm rebounds in China’s exports and imports in July offered some hope that the world’s second-largest economy might be stabilizing after more than two years of slowing growth, although an imminent rebound still looks u…
