Amplats says workers report for duty after one-day strike
JOHANNESBURG (Reuters) – Anglo American Platinum , the world’s biggest platinum producer, said on Tuesday 5,600 workers had returned to work after a one-day wildcat strike at two of its operations in South Africa.
Bangladesh garment sales soar despite deadly incidents
DHAKA (Reuters) – Bangladesh’s exports rose 16.3 percent in June to $2.7 billion on the year, boosted by stronger clothing sales, an export body said on Tuesday, as the low-cost country retains its allure for cost-crunching global retailers despite dea…
China inflation picks up, limits room for policy easing
BEIJING (Reuters) – China’s annual consumer inflation accelerated more than expected in June but factory-gate deflation persisted for a 16th month, underscoring the policy dilemma facing the People’s Bank of China as it worries about long-term price ri…
Alcoa sees aluminum demand growth; markets tightening
TORONTO (Reuters) – Alcoa Inc , the largest U.S. aluminum producer, still sees global demand for aluminum products growing 7 percent this year, signaling a potential price rise for the metal as bulging Chinese aluminum inventories begin to dwindle.
U.S. consumer loan delinquencies continue to fall: ABA
WASHINGTON (Reuters) – U.S. consumers continued to pay down debt in the first quarter of 2013 as household wealth rose above its pre-recession peak, the American Bankers Association said on Tuesday.
Barnes & Noble CEO resigns after Nook sales slump
NEW YORK (Reuters) – Barnes & Noble Inc CEO William Lynch resigned on Monday, an acknowledgement that its digital division Nook has failed to compete successfully in the e-reader and tablet markets and possibly presaging a further shake-up in the company.
Shadow banking bolsters China Inc as Beijing tightens credit
SHANGHAI/HONG KONG (Reuters) – Wang Zhiyong, the founder of a Shanghai-based gift card company, tried twice to get a bank loan for his business and failed both times.
Barnes & Noble CEO resigns after Nook sales slump
NEW YORK (Reuters) – Barnes & Noble Inc Chief Executive William Lynch resigned on Monday after he led a failed attempt by the U.S. bookstore chain to compete against the likes of Amazon.com Inc, Apple Inc and Google Inc in the e-reader and tablet markets.
Insurers caught between regulation and government policy
LONDON (Reuters) – Regulators placing more onerous capital requirements on insurers are stifling investment that would jump-start economic recovery, frustrating government policy, a UK industry association said.
White House trims economic forecast ahead of Congress budget battle
WASHINGTON (Reuters) – The White House on Monday trimmed its outlook for economic growth but said the deficit was shrinking faster than projected in a budget update that was virtually ignored by Republicans ahead of tough negotiations with Congress on …
