Amazon vs. IBM: Big Blue meets match in battle for the cloud
SAN FRANCISCO (Reuters) – The tech industry maxim that “no one ever got fired for buying IBM” is a testament to how Big Blue has been the gold standard in computing services for decades.
Japan urges Britain to keep ‘major role’ in EU
LONDON (Reuters) – Japan has added its voice to international calls for Britain to maintain a leading role in the European Union, saying that membership is a key advantage for companies looking to access Europe’s single market.
Chinese economy set to turn around, no hard landing: finance minister
SHANGHAI (Reuters) – China’s finance minister denied that the world’s second-largest economy was entering a crisis period, adding that he believed growth could even accelerate, as quoted by the official Xinhua news service in an interview.
Fed rethinking move allowing banks to trade physical commodities
NEW YORK (Reuters) – The Federal Reserve is “reviewing” a landmark 2003 decision that first allowed regulated banks to trade in physical commodity markets, it said on Friday, a move that may send new shockwaves through Wall Street.
Advanced G20 countries apart over debt goals after 2016
MOSCOW (Reuters) – Advanced G20 economies will consider numerical targets for public debt reduction after 2016 to boost investor confidence, a senior G20 official told Reuters on Saturday.
Rival accuses Germany’s Merkel of deceit over euro zone bailouts
BERLIN (Reuters) – Germany’s main opposition leader Peer Steinbrueck accused Chancellor Angela Merkel of covering up the likelihood that German taxpayers will have to fund further euro zone bailouts due to a looming election.
G20 puts growth before austerity, vows to tread carefully
MOSCOW (Reuters) – The Group of 20 nations pledged on Saturday to put growth before austerity, seeking to revive a global economy that “remains too weak” and adjusting stimulus policies with care so that recovery is not derailed by volatile financial m…
U.S., Japan fiscal plans escape mention in G20 communique
MOSCOW (Reuters) – The United States and Japan escaped specific mention in a final communique issued on Saturday by the Group of 20 economies that called for credible medium-term fiscal strategies in advanced economies.
South Sudan to shut down oil production by end of July
JUBA/KHARTOUM (Reuters) – South Sudan plans to sell 6.4 million barrels of oil worth $300 million before shutting down its entire production by the end of July due to a row over its alleged support for rebels in neighboring Sudan, its oil minister said…
Ex-Monte Paschi executives investigated in tax fraud case: source
MILAN (Reuters) – Eleven former Monte Paschi executives including the troubled bank’s former chairman and director general have been investigated for tax fraud and may face trial, a judicial source said on Saturday.
