Deutsche Telekom, Orange, Telefonica in EU antitrust raids
BRUSSELS (Reuters) – European Union antitrust regulators have raided Deutsche Telekom , Orange SA and Telefonica on suspicion that the companies may have abused their dominant position in Internet connectivity services.
Chinese demand for Jaguar boosts JLR June sales
(Reuters) – British luxury carmaker Jaguar Land Rover reported a 7 percent rise in June sales as it sold more Jaguar cars in China, the company’s fastest growing market.
Greek unemployment rate scales new high in April
ATHENS (Reuters) – Greece’s jobless rate scaled a new high in April, as a crippling recession takes its toll after more than three years of austerity implemented in exchange for funds under an international bailout deal.
BOJ says economy recovering, unfazed by China slowdown
TOKYO (Reuters) – The Bank of Japan said the world’s third-largest economy was finally recovering as it kept monetary policy steady, its most optimistic view in two-and-half years reflecting the impact of a weakening yen and its massive monetary stimul…
ECB hasn’t tied its hands with guidance, says Weidman
MUNICH (Reuters) – The European Central Bank has not “tied itself to the mast” with its use of forward guidance on low interest rates, and could raise them if inflationary pressures emerge in the future, ECB policymaker Jens Weidmann said on Thursday.
More Chinese cities likely to curb auto sales: industry group
BEIJING (Reuters) – Eight more cities in China, the world’s biggest auto market, are likely to announce policies restricting new vehicle purchases, an official at the automakers association said, as Beijing tries to control air pollution.
Outdoor clothing makers seek growth as Europe stagnates
FRANKFURT (Reuters) – Makers of outdoor goods from ski jackets to tents and walking trousers are using international expansion, fashionable new products and the financial clout and expertise of big investors as they battle a slowdown in Europe.
New aid gives Greece summer respite before showdown
ATHENS (Reuters) – Greece has scraped through its biggest political and financial challenge this year by securing a tranche of aid from international lenders but the reprieve may only be temporary.
Lenovo says in no rush to issue bonds due to market volatility
SINGAPORE (Reuters) – Lenovo Group Ltd , the world’s top PC vendor, has no plans to issue bonds in the near term due to global market volatility and has sufficient cash in hand, its chief financial officer said.
Exclusive: U.S. swap regulator close to deal on cross-border rules – source
WASHINGTON (Reuters) – The top U.S. derivatives regulator is within reach of a compromise over how its rules apply to foreign companies dealing with U.S. banks, a source close to the negotiations told Reuters.
