Batista exit from MPX begins breakup of EBX empire
RIO DE JANEIRO/SAO PAULO (Reuters) – Brazilian billionaire Eike Batista’s EBX Group, a once high-flying industrial conglomerate, began breaking up on Thursday, the latest victim of a screeching halt in a decade-long commodities boom.
Samsung estimates second-quarter profit at record high, misses forecast
SEOUL (Reuters) – Samsung Electronics Co Ltd estimated its April-June operating profit rose 47 percent to a record 9.5 trillion won ($8.3 billion), lifted by the late April launch of its flagship Galaxy S4 smartphones.
Samsung on track for record second-quarter profit as smartphone peak looms
SEOUL (Reuters) – Smartphone leader Samsung Electronics Co Ltd is set to report a record $8.9 billion quarterly profit on Friday, even as growth in sales of its blockbuster Galaxy series begins to wane and new rivals emerge to eat away at its market sh…
Lower Chinese output puts brakes on emerging market expansion in June: HSBC
LONDON (Reuters) – Business activity across emerging economies was the slowest in four years in June with manufacturing and new orders shrinking, a purchasing managers’ survey showed on Friday.
SAC’s Cohen seen avoiding criminal charges by July deadline: WSJ
BOSTON (Reuters) – U.S. prosecutors do not have enough evidence to file criminal insider trading charges against hedge fund manager Steven A. Cohen before a July deadline, the Wall Street Journal reported on Thursday.
EBX restructuring to leave $1.7 billion debt, $2 billion in assets: source
RIO DE JANEIRO (Reuters) – The restructuring of Brazil’s EBX industrial conglomerate will likely leave its controlling shareholder Eike Batista with about $1.7 billion of debt and up to $2 billion of assets, a source with direct knowledge of the situat…
Uniqlo brings fashion back to the source in Bangladesh
DHAKA (Reuters) – On a bustling Dhaka street full of buyers looking for deals on export rejects and designer fakes, a flight of stairs leads up to an anomaly in a country known for producing international clothing brands – a global high street fashion …
Panasonic to close solar cell factory in Hungary: Nikkei
(Reuters) – Japan’s Panasonic Corp plans to shut down its sole European solar cell plant next March and dismiss about 500 workers at the factory, the Nikkei reported.
Batista exit from MPX begins breakup of EBX empire
SAO PAULO/RIO DE JANEIRO (Reuters) – Brazilian billionaire Eike Batista’s EBX Group, a once high-flying industrial conglomerate, began breaking up on Thursday, the latest victim of a decade-long commodities boom that has come to a screeching halt.
Fiat puts faith in retro-style 500 model with new seven seater
MILAN (Reuters) – Italian car maker Fiat SpA unveiled a seven-seat version of its retro-style 500 model on Thursday, hoping to tap into demand for higher-end cars and stem losses from Europe’s moribund mass-market.
