Bahrain economic growth accelerates strongly in first quarter
DUBAI (Reuters) – Bahrain’s economic growth accelerated strongly in the first quarter of 2013, helped by a revival of oil output, official data showed on Sunday.
Schmolz+Bickenbach chairman throws in the towel: paper
ZURICH (Reuters) – Swiss steelmaker Schmolz+Bickenbach’s chairman acknowledged that Russian tycoon Viktor Vekselberg had won a long-running power struggle over the indebted firm, in a statement published in a newspaper on Sunday.
Analysis – After selloff, some dip toes back in emerging markets
NEW YORK (Reuters) – The threat of less central bank stimulus and higher interest rates has crushed emerging markets more than most assets in the past two months, in some cases slashing the value of stocks and bonds in developing countries to levels no…
Spain lenders brace for tough year-end as new rules bite
MADRID (Reuters) – Spanish lenders are bracing for lower profits and dividends and a tougher funding environment under new rules meant to prepare them for pan-European supervision next year and avoid a repeat of last year’s multi-billion-euro bailout.
Irish banker apologizes for taped comments
DUBLIN (Reuters) – An Irish banker taped saying he would demand cash from authorities to keep operating and making light of a 2008 bailout, prompting criticism around Europe, apologized for his comments in an interview published on Sunday.
Fund firms’ boycott threat could hurt Lloyds stock sale
LONDON (Reuters) – Just as Britain’s government is trying to clear a path for the politically sensitive sale of its 39 percent stake in Lloyds bank, resentment is brewing among the investors who would be expected to buy the stock.
U.S. investigating brake problem with some Honda Odysseys
CHICAGO (Reuters) – The U.S. National Highway Traffic Safety Administration is investigating a potential braking issue with Honda Motor Co’s Honda Odyssey minivans that could cause them to brake without the driver touching the brake pedal.
Axel Springer eyes cost cuts of over 20 million euros: CEO
FRANKFURT (Reuters) – Germany’s Axel Springer , Europe’s largest newspaper publisher, is targeting at least 20 million euros ($26 million) of savings in a restructuring plan, its chief executive was quoted as saying.
Poland economic policy to protect growth:Tusk
CHORZOW (Reuters) – Prime Minister Donald Tusk said the government will run an economy balanced between fiscal discipline and economic expansion, signaling it will not sacrifice growth to spending cuts.
France to seek 14 billion euros in cuts next year: paper
PARIS (Reuters) – France will pursue 14 billion euros ($18.2 billion) in spending cuts next year as it attempts to reduce the public deficit to 3 percent of economic output by 2015, Le Monde reported.
