EU free-trade states urge quick resolution of Chinese solar dispute
LUXEMBOURG (Reuters) – A group of free-trading northern European nations urged the EU’s trade chief on Friday to contain a growing dispute with China or risk a negative spiral that could choke exports.
Bank of England’s Tucker to leave after losing out to Carney
LONDON (Reuters) – Bank of England Deputy Governor Paul Tucker, beaten to the central bank’s top job by Mark Carney, will stand down later this year, giving the Canadian an early chance to start reshaping the BoE’s upper echelons.
Current account widens in first quarter
WASHINGTON (Reuters) – The current account deficit widened in the first quarter to $106.1 billion, a government report showed on Friday.
Shares pick up, dollar steady after bruising selloff
LONDON (Reuters) – Stocks recouped some of their recent sharp losses and the dollar steadied on Friday, although both were limping towards a fourth straight week of declines driven by persistent doubts over central bank stimulus programs.
EU seeks to ease French fears over Hollywood in U.S. trade talks
LUXEMBOURG (Reuters) – EU states sought to reassure France on Friday that its culture would be shielded from the might of Hollywood and Silicon Valley, urging Paris not to block a free-trade deal with the United States that could boost transatlantic bu…
Surge in U.S. oil-by-rail suffers first slowdown as spreads slim
NEW YORK/CALGARY (Reuters) – Oil traders are gently tapping the brakes on the thriving business of shipping U.S. and Canadian crude oil by rail, industry data showed this week, the first sign of a slowdown after a two-year boom.
Euro zone inflation subdued as employment keeps falling
BRUSSELS (Reuters) – Inflation in the euro zone rose from a three-year low in May, but remained low enough for the European Central Bank to act to boost an economy which is shedding jobs at an increasing rate.
Analysis: U.S. plastics from gas threaten European petchem industry
FRANKFURT (Reuters) – The oil-dependent European petrochemicals industry could be in for a body blow as U.S. rivals seek to get a wider range of raw materials out of cheap shale gas to make more plastics, coatings and adhesives.
Cerberus questions management of Japan’s Seibu ahead of annual meeting
TOKYO (Reuters) – Cerberus Capital Management LP publicly questioned the management of Seibu Holdings on Friday, hoping to garner support for its plans to shake up the board of the Japanese railway and property group at a shareholders meeting scheduled…
Market headwinds raise stakes for Abe’s Japan revival plan
TOKYO (Reuters) – This is not how Japan’s Prime Minister Shinzo Abe probably imagined reaching a key milestone in his economic revival plan.
