Fiat chairman says no plan to list Ferrari
MILAN (Reuters) – Fiat Chairman John Elkann reiterated on Thursday the Italian carmaker had no plans to list its luxury sportscar unit Ferrari.
Global shares, gold steady as Fed, China fears ease
LONDON (Reuters) – World shares and bonds stabilized on Thursday while gold and the euro recovered slightly, after data suggested the U.S. Federal Reserve may leave its stimulus program in place a bit longer than markets have been thinking.
Debenhams’ sales growth slows in volatile UK market
LONDON (Reuters) – Debenhams , Britain’s No. 2 department store group, said on Thursday a volatile trading climate and unhelpful spring weather contributed to a slowdown in third quarter sales growth, which fell-short of analysts’ forecasts.
Britain’s double dip recession revised away, but picture still grim
LONDON (Reuters) – Britain did not suffer a double-dip recession early last year as previously thought, but household living standards suffered their biggest drop in a generation at the start of 2013.
Europe strikes deal to push cost of bank failure on investors
BRUSSELS (Reuters) – The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage.
Samsung rolls out OLED TV as production glitches linger
SEOUL (Reuters) – Samsung Electronics Co Ltd launched its first OLED TV on Thursday, taking the ultra-thin technology into a nascent market despite tenacious production challenges that keep costs high while prevailing LCD screens only get better and ch…
Minsheng Bank tells the story of Beijing’s credit worries
HONG KONG (Reuters) – The funding crunch prompted by China’s central bank was meant to teach a lesson to the Chinese banks that continue to embrace risky lending tactics.
Australian body faults Rolls-Royce over Qantas engine explosion
SINGAPORE/CANBERRA (Reuters) – Rolls-Royce Plc repeatedly failed to identify a defect that caused one of its engines to explode on a Qantas Airways Ltd aircraft carrying more than 400 people over Indonesia three years ago, an Australian safety regulato…
Won’t move, can’t move: euro zone’s jobless sit tight
PARIS/ROME (Reuters) – The car plant where 46-year-old Agathe Martin works is shutting down, but when PSA Peugeot offered her a job in another factory elsewhere in the Paris region she said “Non”.
Vinci among candidates to buy stake in airports group ADP: Agefi
PARIS (Reuters) – French construction and concessions company Vinci and Credit Agricole’s life insurance unit are among candidates to buy a stake the French government is selling in Paris airports operator ADP , newsletter Agefi reported on Thursday.
