Business inventories barely rise in May
WASHINGTON (Reuters) – Business inventories rose marginally in May as sales rebounded, adding to a raft of data that have pointed to a sharp slowdown in economic growth in the second quarter.
Britain considers ban on bearer shares, acts on G8 transparency push
LONDON (Reuters) – Britain may ban stock certificates known as bearer shares that can be transferred without needing to register ownership, a government minister said, tapping into a drive for greater corporate transparency.
New Slovenia central bank chief says no need for bailout
LJUBLJANA (Reuters) – Slovenia does not currently need international financial help to sort out its crumbling banking system although aid cannot be ruled in future, the euro zone country’s incoming central bank governor said on Monday.
Deloitte disciplinary hearing over MG Rover to resume
LONDON (Reuters) – Accountants Deloitte will next week return before a tribunal which is assessing whether it failed to manage conflicts of interest in its advice to MG Rover Group and the “Phoenix Four” directors who bought the UK carmaker before it c…
GSK stops using travel agencies accused in Chinese probe
LONDON (Reuters) – British drugmaker GlaxoSmithKline said on Monday it had stopped using all travel agencies which have been accused by the Chinese police of channeling bribes to illegally boost sales and inflate the price of its medicines in the count…
China’s GDP growth slows to 7.5 percent, tests reform push
BEIJING (Reuters) – China’s GDP growth slowed in the second quarter to 7.5 percent year-on-year as weak overseas demand weighed on output and investment, lining up a test of Beijing’s resolve to revamp the world’s second-biggest economy in the face of …
Philippine investigators say Okada violated anti-dummy law
MANILA (Reuters) – Philippine investigators have recommended filing criminal cases against Japanese gaming tycoon Kazuo Okada and 25 others for putting up dummy companies to acquire land for his planned $2 billion Manila casino, the country’s Departmen…
Philippine investigators say Okada violated anti-dummy law
MANILA (Reuters) – Philippine investigators have recommended filing criminal cases against Japanese gaming tycoon Kazuo Okada and 25 others for putting up dummy companies to acquire land for his planned $2 billion Manila casino, the country’s Departmen…
Egypt billionaire Sawiris family to invest “like never before”
CAIRO (Reuters) – Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his brothers will be “investing in Egypt like never before” after the ousting of a president he accused of bullying opponents to…
UAE central bank asks lenders about exposure to Turkey
ABU DHABI (Reuters) – The United Arab Emirates central bank has asked local commercial banks in the country to provide details of their financial exposure to Turkey by Tuesday, two bankers said on Monday.
