Gold tumbles after Fed signals end to easy moneyBy Jan Harvey LONDON (Reuters) - Gold prices tumbled to their lowest in more than 2-1/2 years on Thursday, and silver fell more than 6 percent after the U.S. Federal Reserve gave its most explicit signal … More »Gold tumbles after Fed signals end to easy money
By Jan Harvey LONDON (Reuters) - Gold prices tumbled to their lowest in more than 2-1/2 years on Thursday, and silver fell more than 6 percent after the U.S. Federal Reserve gave its most explicit signal yet that it plans to bring the era of easy money to an end. Gold plunged after Fed Chairman Ben Bernanke said on Wednesday …
End to Fed stimulus, China slowdown spark world sell-offBy Richard Hubbard 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 … More »End to Fed stimulus, China slowdown spark world sell-off
By Richard Hubbard 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. Emerging markets, many of which have been primed by the cheap Fed cash, …
Wall St. to slide after Fed's stimulus wind-down outlineBy Rodrigo Campos NEW YORK (Reuters) - Stocks were set to slide at the open on Thursday, adding to a more than 1 percent drop a day earlier, after Federal Reserve Chairman Ben Bernanke outlined the start … More »Wall St. to slide after Fed's stimulus wind-down outline
By Rodrigo Campos NEW YORK (Reuters) - Stocks were set to slide at the open on Thursday, adding to a more than 1 percent drop a day earlier, after Federal Reserve Chairman Ben Bernanke outlined the start of a wind-down of stimuli that has been instrumental to the market's rally. Bernanke said Wednesday the U.S. economy …
Wall St. drops after Bernanke hints at slowing stimulusBy Ryan Vlastelica NEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later … More »Wall St. drops after Bernanke hints at slowing stimulus
By Ryan Vlastelica NEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough. Equities have been closely tethered to ultra-loose monetary policy, which has …
Airbus bags firm orders worth $39 billion at showBy Maria Sheahan and Tim Hepher 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 … More »Airbus bags firm orders worth $39 billion at show
By Maria Sheahan and Tim Hepher 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. The tally includes firm purchase orders for 241 planes worth $39.3 billion, Airbus …
French watchdog tells Google to change privacy policyBy Natalie Huet PARIS (Reuters) - France's data protection watchdog ordered Google on Thursday to change its privacy policy or face fines, leading a Europe-wide push to get the Internet giant to clarify … More »French watchdog tells Google to change privacy policy
By Natalie Huet PARIS (Reuters) - France's data protection watchdog ordered Google on Thursday to change its privacy policy or face fines, leading a Europe-wide push to get the Internet giant to clarify its intentions and methods for collecting user data. France's regulator, the CNIL, said Google's privacy policy violated …
US Airways chief warns lawmakers of potential service cutsBy Diane Bartz WASHINGTON (Reuters) - Forcing a combined American Airlines and US Airways Group to surrender slots at Reagan National Airport would risk fewer flights to small and medium-sized cities, … More »US Airways chief warns lawmakers of potential service cuts
By Diane Bartz WASHINGTON (Reuters) - Forcing a combined American Airlines and US Airways Group to surrender slots at Reagan National Airport would risk fewer flights to small and medium-sized cities, US Airways CEO Doug Parker told lawmakers on Wednesday. Parker was testifying to a Senate subcommittee on the impact of …
Switzerland buries U.S. tax law, banks seen at riskBy Ruben Sprich BERNE (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy … More »Switzerland buries U.S. tax law, banks seen at risk
By Ruben Sprich BERNE (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy Americans evade tax. The Swiss government has warned that the bill's failure could prompt impatient U.S. prosecutors to …
Orders top $100 billion as Ryanair gives Boeing a boostBy Alwyn Scott and Maria Sheahan PARIS (Reuters) - Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth … More »Orders top $100 billion as Ryanair gives Boeing a boost
By Alwyn Scott and Maria Sheahan PARIS (Reuters) - Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets. Ryanair, Europe's biggest low-cost airline, finalized an order for 175 …
China factory activity hits nine month low, policy action eyedBy Kevin Yao 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 … More »China factory activity hits nine month low, policy action eyed
By Kevin Yao 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. China's economy grew at its slowest pace for 13 years in …
China, euro zone threaten U.S.-led economic recoveryBy Jonathan Cable LONDON (Reuters) - Factory output in China, the world's second largest economy, weakened to a nine-month low in June, combining with a continued recession in the euro zone to threaten … More »China, euro zone threaten U.S.-led economic recovery
By Jonathan Cable LONDON (Reuters) - Factory output in China, the world's second largest economy, weakened to a nine-month low in June, combining with a continued recession in the euro zone to threaten a global recovery led by the United States. A day after the Federal Reserve suggested the U.S. economy was firmly on a …
- Men's Wearhouse ousts founder Zimmer
(Reuters) - Apparel retailer Men's Wearhouse ousted Executive Chairman George Zimmer, the face of the company founded 40 years ago, sending its shares down as much as 6 percent. The company, which gave … More »Men's Wearhouse ousts founder Zimmer
(Reuters) - Apparel retailer Men's Wearhouse ousted Executive Chairman George Zimmer, the face of the company founded 40 years ago, sending its shares down as much as 6 percent. The company, which gave no reason for the dismissal, also postponed its annual shareholder meeting scheduled for later on Wednesday in order to …
Softbank closer to acquiring Sprint after Dish abandons bid for nowBy Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp … More »Softbank closer to acquiring Sprint after Dish abandons bid for now
By Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week. SoftBank Chief Executive Masayoshi Son …
Airbus pieces together air show order finalePARIS (Reuters) - European planemaker Airbus sought to finalize a flurry of orders on Thursday to avoid a rare defeat to U.S. arch-rival Boeing at its domestic Paris Airshow. As of Wednesday, Airbus lagged … More »Airbus pieces together air show order finale
PARIS (Reuters) - European planemaker Airbus sought to finalize a flurry of orders on Thursday to avoid a rare defeat to U.S. arch-rival Boeing at its domestic Paris Airshow. As of Wednesday, Airbus lagged its competitor with 211 firm orders against 265 for Boeing. Airbus had commitments for a further 165 jets, compared …
Italian designers Dolce and Gabbana convicted of tax evasionBy Manuela D'Alessandro MILAN (Reuters) - Fashion designers Domenico Dolce and Stefano Gabbana were handed a 20-month suspended prison sentence and a heavy fine on Wednesday for hiding hundreds of millions … More »Italian designers Dolce and Gabbana convicted of tax evasion
By Manuela D'Alessandro MILAN (Reuters) - Fashion designers Domenico Dolce and Stefano Gabbana were handed a 20-month suspended prison sentence and a heavy fine on Wednesday for hiding hundreds of millions of euros from the Italian tax authorities. The design duo, who are nearly as famous as the stars they dress, were not …
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