EU Commission clears Delta to buy stake in Virgin Atlantic
BRUSSELS (Reuters) – The European Commission has cleared Delta Air Lines to buy a 49 percent stake in British airline Virgin Atlantic , the European Union’s competition watchdog said on Thursday.
Euro ministers to set bank bailout rules on Thursday
LUXEMBOURG (Reuters) – Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, a long-promised move that aims to break a downward spiral between bad banks and their indebted home…
Kroger posts higher quarterly profit, raises forecast
(Reuters) – Kroger Co , the biggest U.S. supermarket operator, on Thursday reported an increase in quarterly profit and raised its annual profit forecast.
Factories struggle in June, hiring slows: Markit
NEW YORK (Reuters) – Manufacturing activity growth slowed slightly in June as the pace of hiring and overseas demand weakened, making the second quarter the weakest for the sector in the last four, a survey showed on Thursday.
Airbus bags firm orders worth $39 billion at show
PARIS (Reuters) – European planemaker Airbus clinched deals for another 90 planes on Thursday, taking its total orders and commitments at the Paris Airshow to 466 aircraft worth $68.7 billion at list prices.
End to Fed stimulus, China slowdown spark world sell-off
LONDON (Reuters) – Clear signals from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to slower growth in China sparked sharp falls in bonds, shares and commodities on Thursday.
As Glencore grows, investors ask about life after Ivan
LONDON (Reuters) – Glencore Xstrata boss Ivan Glasenberg, a former coal trader who has been at the helm for over a decade, is known for his pre-dawn runs, cut-throat competitiveness and a grueling travel schedule that shows no signs of slowing.
Exclusive: Airbus offers ‘regional’ A350 – sales chief
PARIS (Reuters) – Airbus is offering airlines a shorter-range “regional” version of its A350-900 passenger jet, sales chief John Leahy told Reuters at the Paris Airshow on Thursday.
Ex-UBS, Citi trader Hayes in UK court on Libor charges
LONDON (Reuters) – Former UBS and Citigroup trader Tom Hayes appeared in a London court on Thursday accused of conspiracy to defraud in connection with a global investigation into the Libor interest rate rigging scandal.
China factory activity hits nine month low, policy action eyed
BEIJING (Reuters) – China’s factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second quarter slowdown and increasing the heat on the central bank to loosen policy.
