Euro zone bounces back to growth as China stalls
LONDON/BEIJING (Reuters) – Euro zone private industry unexpectedly bounced back to growth this month but its recovery risks being derailed as China’s huge manufacturing engine is losing steam, surveys suggested on Wednesday.
Apple wobbles in China as rivals offer more, for less
SAN FRANCISCO/HONG KONG (Reuters) – A sharp drop in Apple Inc’s China revenue in April-June underscores the challenges it faces in its second-largest market as the technology gap with cheaper local rivals narrows and as Samsung Electronics keeps up a s…
From copper to cameras; feeling the heat from China slowdown
BEIJING (Reuters) – China’s manufacturing engine lost further momentum in July and the job market weakened, a survey showed on Wednesday, complicating a transition to consumer-driven growth and boding ill for so many leveraged to the world’s second-lar…
Euro surveys lift shares after China disappoints
LONDON (Reuters) – Evidence of an economic revival in the euro zone and strong sales from technology bellwether Apple lifted world shares and the euro on Wednesday, offsetting earlier disappointing factory data from China.
Strong iPhone sales buoy Apple’s third quarter, shares climb
SAN FRANCISCO (Reuters) – Sales of Apple Inc’s iPhone trumped Wall Street estimates after U.S. shipments soared 51 percent in the third quarter, lifting its stock 5 percent even as profit fell.
Insight: Jeans and shoes show criminal underbelly of China-EU trade
ROME (Reuters) – The importer, a front man for the Calabrian mafia, tells the Chinese seller, who speaks fluent Italian and lives in Rome, that he wants to fix a lower price on the next shipment.
Dell shareholders convene again to vote on founder’s buyout offer
ROUND ROCK, Texas (Reuters) – Dell Inc shareholders converge on Texas on Wednesday to vote on CEO Michael Dell’s $24.4 billion buyout offer for the company after a previous meeting was pushed back a week in the hope of convincing dubious investors to a…
Analysis: Wall Street’s commodities trading under fire, rivals creep in
NEW YORK (Reuters) – Just as Wall Street’s commodity titans face intensifying pressure over their trading operations, nimble rivals are stepping up efforts to chip away at their bedrock business of financing the world’s raw materials industry.
Report raises concerns about U.S. housing aid program
WASHINGTON (Reuters) – Nearly half of the mortgages modified in 2009 under the Obama administration’s signature homeowner rescue effort are in default again, according to a report on Wednesday that raised concerns about the program’s effectiveness.
Federal prosecutors preparing to charge SAC Capital: WSJ
(Reuters) – Federal prosecutors are preparing to announce criminal charges as early as this week against Steven A. Cohen’s hedge fund SAC Capital Advisors LP, which is being probed for alleged insider trading, the Wall Street Journal said, citing peopl…
