Rajoy’s risky bet on Spanish economic recovery
MADRID (Reuters) – Spain’s Mariano Rajoy is making a risky political bet in claiming recovery is close at hand as a recent economic upturn is fragile and even if it persists an austerity-weary public may not feel much benefit, analysts and sources say….
Analysis: Retailers keep inventories low for back-to-school sales
NEW YORK (Reuters) – Stung by leftover inventory because of a wet, cold spring and unsure about consumer spending, many retailers are ordering conservatively for the second busiest selling season of the year behind the end of the year holiday period, a…
Fear of Fed and China slowdown take a toll
LONDON (Reuters) – Emerging economies that have thrived on ultra-loose U.S. monetary policy and insatiable Chinese demand for natural resources are in for another rude wake-up call this week.
Zimmer no longer there to “guarantee it” in Men’s Wearhouse ad
(Reuters) – When a commercial for Men’s Wearhouse hit the airwaves on July 8, there was one glaring omission.
France’s Hollande points to economic recovery, urges optimism
PARIS (Reuters) – French President Francois Hollande said Europe’s second-largest economy was recovering and tried to fight deepening pessimism in an interview on Sunday, two days after ratings agency Fitch stripped the country of its last top-notch cr…
G4S in talks with shareholders about possible cash call
LONDON (Reuters) – British security firm G4S has held talks with large investors about the prospects for tapping them for cash, a spokesman for the company said on Sunday.
Analysis: Sting in dragon’s tail for foreign companies in China
LONDON (Reuters) – China’s vast market for foreign goods and services, once seen by global companies as a modern-day El Dorado, is becoming a weight around their necks as its growth slows.
SEC takes Goldman’s ‘Fabulous Fab’ to trial in civil fraud case
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis.
France saves jobs with sale of Alpine aluminum plant
PARIS (Reuters) – France breathed a sigh of relief at the weekend after Anglo-Australian mining giant Rio Tinto said it had received a binding offer for its French aluminum plant, in a deal that – if approved – would save more than 500 jobs.
Airlines insist they’ll stick with Boeing Dreamliner after fire
LONDON (Reuters) – Airlines expressed confidence in the safety of Boeing’s 787 Dreamliner on Sunday as investigators searched for the cause of a fire on one of the advanced jets and billions were wiped off the company’s market value.
