China’s premier holds the line on reforming economy
BEIJING (Reuters) – China’s Premier Li Keqiang urged caution about rushing to change economic policy to try to revive the country’s sputtering growth, but he also signaled Beijing was prepared to take action if the economy slips too far.
Bernanke: bond tapering to begin later this year, but plan not preset
WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. central bank still expects to start scaling back its massive asset purchase program later this year, but left open the option of changing that plan in either direct…
G20 will tackle ‘too big to fail’ insurers: German govt official
BERLIN (Reuters) – G20 finance ministers and central bankers meeting in Moscow this week will start to tackle the issue of big insurers and the risks they pose to financial stability, a German government official said on Wednesday.
Regulators give markets leeway on financial benchmarks
LONDON (Reuters) – Global regulators will give markets some leeway in compiling financial benchmarks, stopping short of U.S. calls for more radical action to stamp out price-rigging.
Compliance the buzzword for foreign firms in China after Glaxo
BEIJING (Reuters) – A Chinese bribery investigation into British drugmaker GlaxoSmithKline has sent tremors through multinational pharmaceutical firms in China, prompting at least one to review how they do business in the country.
Bank of England surprise hits shares, dollar steady ahead of Fed
LONDON (Reuters) – Surprising news all nine policymakers at the Bank of England voted against restarting bond buying took markets off guard on Wednesday, hitting European shares and pushing up sterling.
Russia can find niche in Asian gas market: Putin
CHITA, Russia (Reuters) – Russia has every chance of securing a place in the Asian gas market even while competition there is on the rise, President Vladimir Putin said, underlining Moscow’s shift in energy policy towards Asia.
Novartis lifts full-year outlook after competition delay
ZURICH (Reuters) – Novartis raised its full-year outlook on Wednesday after generic competition to its best-selling blood pressure pill was delayed, granting the Swiss drugmaker a temporary reprieve from patent losses.
Exclusive: China in $5 billion drive to develop disputed East China Sea gas
BEIJING (Reuters) – Chinese state-run oil companies hope to develop seven new gas fields in the East China Sea, possibly siphoning gas from the seabed beneath waters claimed by Japan, a move that could further inflame tensions with Tokyo over the dispu…
G20 summit urged to focus on weak jobs growth
GENEVA (Reuters) – The G20 group of leading economies must prioritize jobs at their summit in Moscow later this week, the International Labour Organization and Organization for Economic Cooperation and Development said on Wednesday.
