China agrees to talks on French wine dispute, EU says
BRUSSELS (Reuters) – China and the European Union have agreed there is a “window for discussions” to try to resolve accusations that Europe is dumping wine in China, the EU’s trade chief said on Monday.
Loews profit soars as insurance arm revenue grows
(Reuters) – Hotel, energy and financial services conglomerate Loews Corp posted a jump in second-quarter profit as revenue from its insurance arm, CNA Financial Corp , increased nearly 13 percent on higher net investment income and lower non-catastroph…
Dollar under pressure as central bank meetings loom
LONDON (Reuters) – Expectations that the Federal Reserve will reaffirm its commitment to keeping U.S. interest rates near zero left kept the dollar at a five-week low on Monday, while concerns about China’s stuttering economy pressured commodity market…
Barclays to give capital plans update on Tuesday
LONDON (Reuters) – Barclays confirmed it will set out how it plans to meet tougher UK rules on capital on Tuesday, responding to media reports it is considering selling new shares.
China should probe foreign luxury carmakers over prices: Xinhua
SHANGHAI (Reuters) – Foreign carmakers are reaping exorbitant profits selling imported luxury cars in China and should face an anti-trust investigation, the official Xinhua News Agency said, in what may amount to a shot across the bow of foreign auto f…
Apple-supplier Pegatron violates China workers’ rights: China Labor Watch
BEIJING (Reuters) – Pegatron Corp, a Taiwanese company that makes Apple Inc products, is violating workers’ rights at its Chinese factories in Shanghai and Suzhou, New York-based rights group China Labor Watch said in a report on Monday.
Exclusive: Bakken flaring burns more than $100 million a month
NEW YORK (Reuters) – Oil drillers in North Dakota’s Bakken shale fields are allowing nearly a third of the natural gas they drill to burn off into the air, with a value of more than $100 million per month, according to a study to be released on Monday….
BOJ’s Kuroda: Economy can handle sales tax increase
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said a planned increase in the sales tax rate would not hurt the economy and was needed to repair public finances, amid growing signs on Monday the prime minister could delay or even water down t…
Analysis: What next for the ‘Wall Street Refiners’ as JPM exits physical commodities?
NEW YORK (Reuters) – As JPMorgan Chase & Co prepares to exit physical commodities trading, the spotlight is turning to the future of the two banks that have dominated Wall Street’s involvement in the natural resources supply chain for 30 years.
Spain’s banks face uphill battle despite dramatic profits boost
LONDON/MADRID (Reuters) – The dramatic earnings turnaround boasted by four Spanish banks obscures the uphill battle they still face to contain bad debts, grow their businesses and increase shareholder value against the backdrop of one of Europe’s most …
