Exclusive: India seeks non-resident flows for rupee defense, not sovereign bond
NEW DELHI (Reuters) – The Indian government aims to attract dollar flows from non-resident citizens to support the rupee and has dropped the idea of a sovereign bond for now, two senior government officials familiar with the matter told Reuters on Mond…
Bundesbank says German economy grew strongly in second-quarter
FRANKFURT (Reuters) – The German economy showed robust growth in the second quarter of this year, boosted by industrial production and construction, the Bundesbank said on Monday, adding that the economy might grow more slowly after that.
BMW bets electric car offer may fend off Audi
BERLIN (Reuters) – Germany’s BMW will sell the battery powered i3 city car at a lower-than-expected base price to stoke demand for its first electric vehicle as the luxury auto maker aims to keep rivals Audi and Mercedes at bay.
Philips healthcare orders rise, bringing relief after two-year overhaul
AMSTERDAM (Reuters) – Philips said orders at its healthcare division – now its most profitable after a strategic overhaul – rose more than expected in the second quarter thanks to new ultrasound and scanning products and strong demand from China.
Chinese police visit AstraZeneca, question one employee
LONDON/SHANGHAI (Reuters) – Chinese police have visited the Shanghai office of British drugmaker AstraZeneca , the latest foreign firm to be investigated following allegations against GlaxoSmithKline .
Turkish Airlines says converts option for five Boeing plans to firm order
ISTANBUL (Reuters) – Flag carrier Turkish Airlines said on Monday it had decided to convert an option to buy five Boeing B777-300ER airplanes into a firm order.
Vivendi to discuss Activision special dividend: WSJ
PARIS (Reuters) – Vivendi may push for its Activision Blizzard video games division to pay a special dividend that would net the French group around $2 billion to help it cut its debt pile, the Wall Street Journal reported on Monday.
BOJ Sato: government needs to deliver on fiscal reform
FUKUSHIMA, Japan (Reuters) – Japan’s government must push through reforms to restore the country’s tattered finances to help ensure a sustained economic recovery, a central bank board member said on Monday, adding a planned sales tax hike was needed to…
GSK says senior executives appear to have broken Chinese law
LONDON (Reuters) – GlaxoSmithKline , facing a major bribery scandal in China, said on Monday that some of its executives in the country appeared to have broken the law.
Analysis: Fund could recycle German savings to euro strugglers
PARIS (Reuters) – What if German savers were to help rescue Greece, Portugal or Spain by investing in their state assets and companies rather than bailing them out with taxpayer-backed loans?
