Consumer credit rises by most in a year
WASHINGTON (Reuters) – Consumer credit increased in May by the most in a year, a sign low borrowing costs were boosting economic growth although interest rates have since risen.
Volkswagen’s Seat proposes cutting working hours at Spain plants
MADRID (Reuters) – Seat, the Spanish car firm owned by Volkswagen , said on Monday it wanted workers to take turns to stay at home in order to cope with a fall in demand.
Supreme Court asked to review leaked Verizon ruling
WASHINGTON (Reuters) – A civil liberties group is taking the unusual step of asking the Supreme Court to review a ruling by a secretive intelligence court that authorized government access to millions of Verizon Communications Inc phone call records
Bangladesh tells EU it will boost worker rights, inspections
GENEVA (Reuters) – Bangladesh pledged on Monday to quickly boost worker rights and recruit more factory inspectors as it seeks to preserve European Union trade benefits after 1,129 workers were killed in the collapse of a garment plant in April.
Two more journalists from Murdoch’s UK titles to be charged
LONDON (Reuters) – The head of news at Rupert Murdoch’s British Sun tabloid is to be charged with authorizing illegal payments to police and army officials, prosecutors said on Monday, the latest senior figure from the media mogul’s newspapers to face …
Manchester United makes Aeroflot its first Russian sponsor
MANCHESTER, England (Reuters) – English soccer club Manchester United signed its first commercial deal with a Russian company on Monday, making state-controlled Aeroflot its airline partner.
Global regulator may simplify complex new bank rules
LONDON (Reuters) – The world’s main bank regulator may simplify a mass of new rules coming in for the industry, a sign that watchdogs are still grappling with how best to keep banks in check nearly five years on from the financial crisis.
Jones Group hires Citi to explore sale of company: sources
(Reuters) – Jones Group Inc , the fashion company that owns retail chains Nine West and Jones New York, has hired Citigroup to explore a potential sale of the company, according to three sources familiar with the matter.
Total and CEO acquitted in Iraq oil-for-food scandal
PARIS (Reuters) – French oil giant Total was acquitted on Monday of corruption charges related to the U.N. oil-for-food program in Iraq by a Paris criminal court.
Rothschild asks watchdog to look into Bumi: source
LONDON (Reuters) – Financier Nat Rothschild has asked Britain’s financial market watchdog to look into whether Indonesia-focused coal miner Bumi made misleading statements to the market, a source said.
