Obama says U.S. EU free trade deal can boost jobs and growth
BERLIN (Reuters) – President Barack Obama said on Wednesday a free trade agreement between the United States and the European Union could boost jobs and growth on both sides of the Atlantic and he also stressed the need for economic structural reforms….
Airbus wins A350 order from Air France-KLM
PARIS (Reuters) – Airbus sealed a long-awaited order for 25 A350-900 aircraft from Air France-KLM worth $7.2 billion at list prices after Rolls-Royce and the airline reached a deal over engine maintenance.
Mortgage applications tumble as rates rise further: MBA
NEW YORK (Reuters) – Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from potential homeowners, data from an industry group showed on Wednesday.
H&M says new collections selling well
STOCKHOLM (Reuters) – H&M , the world’s second-largest fashion retailer, reported a sharp rise in sales so far in June, with new collections selling well.
China’s Wanda aims to launch $1 billion NY hotel project this year: chairman
BEIJING (Reuters) – Wanda Group, China’s largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, Chairman Wang Jianlin said on Tuesday.
Tata Motors upgrades existing cars as rivals launch new products
PUNE, India (Reuters) – India’s Tata Motors on Wednesday launched eight upgrades of existing models, including a CNG-fuelled version of its low-cost Nano, but said little about plans for completely new vehicles to help reverse sliding car sales in Indi…
Santander says does not need to make new bad debt provisions
SANTANDER, Spain (Reuters) – Spanish banking group Santander does not need additional provisions to meet new Bank of Spain rules on recognizing bad debt, Deputy Chairman Matias Rodriguez Inciarte said on Wednesday.
Shares choppy, dollar steady as Fed meets
LONDON (Reuters) – European shares turned lower but major currencies and commodities stuck within recent ranges on Wednesday as investors awaited clarity on the U.S. Federal Reserve’s next policy move.
German cartel court takes on Porsche lawsuit: source
BERLIN (Reuters) – A German court has assigned an investor lawsuit seeking about 2 billion euros ($2.7 billion) in damages from Porsche SE to a court specializing on cartel matters, a person familiar with the matter told Reuters.
New Eurofighter chief aims to make jet cheaper
PARIS (Reuters) – The new chief of the Eurofighter Typhoon will lay out plans by the end of this year to make the fighter jet cheaper and decision-making quicker, as the aircraft gears up to vie for more business in an increasingly crowded and competit…
