Chesapeake to sell $1 billion assets to Exco Resources
(Reuters) – Chesapeake Energy Corp said it would sell oil and gas assets in the Eagle Ford and Haynesville shales in the United States to a unit of Exco Resources Inc for about $1 billion.
Mercedes-Benz sales up 8.3 percent in June to 131,609 cars
FRANKFURT (Reuters) – German carmaker Daimler said sales of its Mercedes-Benz luxury division rose 8.3 percent in June to 131,609 cars, the best-ever level recorded for that month, powered by demand from China and the United States.
Unipol drops appeal against $2 billion asset sale ruling
MILAN (Reuters) – Italian insurer Unipol has withdrawn an appeal against a ruling by the competition watchdog calling on it to sell 1.7 billion euros ($2.2 billion) of portfolio assets as a condition for approving a merger with peer Fondiaria-SAI , a s…
Layoffs rise in June, but first half of year improves
NEW YORK (Reuters) – A jump in job cuts in the computer and education sectors drove an increase in layoffs at U.S. firms in June, even as the pace of downsizing in the first half of the year improved overall, a report on Wednesday showed.
Airline Flybe names former easyJet executive as CEO
(Reuters) – Europe’s largest regional airline Flybe Group Plc said it named Saad Hammad, a former executive at rival easyJet and Air Berlin , as chief executive, sending its shares up 10 percent.
Greece’s lenders could delay aid for three months: official
BRUSSELS (Reuters) – International lenders may freeze emergency aid to Greece for three months unless Athens can convince them that the country is on track to meet its reform goals, a senior euro zone official said on Wednesday.
Analysis: Euro zone survival? Depends on where you work
LONDON (Reuters) – Three years into an unresolved euro zone crisis, Reuters polls show a marked split on the future depending on whether forecasters are based inside or outside the currency bloc.
Analysis: Portugal, Greece risk reawakening euro zone beast
BRUSSELS (Reuters) – A teetering Portuguese government has underlined the threat that the euro zone debt crisis, in hibernation for almost a year, may be about to reawaken.
China milk antitrust probe may be step towards consolidation
HONG KONG (Reuters) – The decision by China’s top economic planner to investigate five leading foreign infant milk companies for suspected antitrust violations may be part of a broader plan to boost consumption of the local product, analysts said on We…
China slowdown, Portugal tensions spook markets
LONDON (Reuters) – World shares pulled back on Wednesday as signs of slowing Chinese growth and escalating political tensions in Portugal, one of the euro zone’s crisis hot-spots, spooked investors.
