U.S. mortgage applications rise, but so do rates: MBA
NEW YORK (Reuters) – Potential buyers crept back into the U.S. housing market last week as applications for mortgages edged up, even though rates resumed their ascent, data from an industry group showed on Wednesday.
Vimpelcom to move stock listing to Nasdaq
MOSCOW (Reuters) – Telecoms group Vimpelcom , with assets in Russia, Italy and several emerging markets, said on Wednesday it was switching its listing to Nasdaq after nearly two decades of trading on the NYSE Euronext .
Amazon’s Bezos pays hefty price for Washington Post
(Reuters) – Jeff Bezos has just shown how valuable one-of-a-kind newspaper properties can still be in the United States.
AIG extends deadline on sale of $4.8 billion aircraft leasing unit: Basis Point
HONG KONG (Reuters) – U.S. insurer American International Group Inc has extended the deadline for the sale of its $4.8 billion ILFC aircraft leasing unit to a Chinese consortium to August 31, Basis Point, a Thomson Reuters publication, reported on Wedn…
China fines milk powder makers $110 million for price fixing
SHANGHAI/BEIJING (Reuters) – China fined six companies, including Mead Johnson Nutrition Co, Danone and New Zealand dairy giant Fonterra, a total of $110 million following an investigation into price fixing and anti-competitive practices by foreign bab…
China policy mantra signals privatization, securitization: official
SHANGHAI (Reuters) – Ever since Chinese Premier Li Keqiang used the cryptic phrase “revitalize the stock” in an official policy statement in June, market watchers have pondered what policies it entails.
Gold price crash will not hurt our plans, says Highland Gold
LONDON (Reuters) – Highland Gold , a Russian gold producer partly owned by oligarch Roman Abramovich, will not be swayed from plans to develop its new deposits by this year’s crash in prices for the precious metal.
Fed tapering prospects spark share selloff, dollar dips
LONDON (Reuters) – Signs the U.S. Federal Reserve might trim its stimulus program as soon as next month sparked a broad selloff in world share markets on Wednesday, as Britain’s central bank prepared to clarify its stance on future policy.
TUI Travel eyes 10 percent full-year profit growth
LONDON (Reuters) – TUI Travel , the world’s largest tour operator, is confident of delivering full-year profit growth of at least 10 percent after reporting robust results in its third quarter.
Toshiba sets nuclear division sales target of $6.45 billion by 2015/16
TOKYO (Reuters) – Toshiba Corp said on Wednesday it has set a sales target for its nuclear power business of 630 billion yen ($6.45 billion) for the year to March 2016, citing steady progress with projects in China and the United States.
