Planemakers rein in new jets to chase regional growth
PARIS (Reuters) – After focusing for years on jetliners that could fly ever further, the world’s leading planemakers are turning to shorter range aircraft that appeal to airlines reluctant to pay for performance they don’t need.
Activist fund TCI asks EADS to sell Dassault stake
PARIS (Reuters) – Activist hedge fund TCI has written to EADS’ chief executive demanding the aerospace company sell its stake in Dassault Aviation , maker of the Rafale fighter jet, saying the 4 billion euro ($5.3 billion) holding was “a poor use of ca…
Insight – Chicago pits going quiet, 165 years after shouting began
CHICAGO (Reuters) – On a recent morning in the Chicago Board of Trade’s soybean futures pit, the trading action looked like this: One trader hiked up a leg onto a metal railing, stretching his hamstring; another passed time bouncing a green rubber ball…
Global shares rise, dollar soft as views of Fed tapering shift
LONDON (Reuters) – World shares edged up and the dollar softened on Monday, fuelled by new evidence of modest global growth and a growing conviction that the U.S. Federal Reserve will stick with its massive stimulus effort.
Euro zone retail sales back in decline in June, France a bright spot
BRUSSELS (Reuters) – Retail sales in the euro zone fell broadly for the first time in three months in June, data showed, highlighting the drag of depressed household spending on the bloc’s fragile recovery.
With few big deals, private equity moves to be Asia’s new banker
HONG KONG (Reuters) – In three years, global private equity firm KKR & Co has provided over $1.5 billion in loans to companies in India, a business traditionally handled by state-owned and private sector banks.
Broker Marex Spectron in talks to buy JPMorgan’s warehousing arm: report
SINGAPORE (Reuters) – London commodities broker Marex Spectron is in talks to buy the metals storage unit owned by JPMorgan Chase & Co. , the Times of London reported.
Analysis: How France’s Hollande plans to win his bet on jobs
PARIS (Reuters) – Defying all predictions by the IMF, the European Commission and the bulk of private economists, President Francois Hollande is still banking on a turnaround in French unemployment by the end of the year.
BOJ to keep monetary policy on hold as economy improves
TOKYO (Reuters) – The Bank of Japan is expected to keep monetary policy on hold at a review this week, as its unprecedented quantitative easing and government stimulus gradually spread through the economy.
Euro zone business expands for first time in 18 months: PMI
LONDON (Reuters) – Euro zone business expanded for the first time in 18 months in July, albeit very slightly, according to a survey on Monday that suggested the economy is slowly starting to stabilize.
