Giving thanks for big stock gains
NEW YORK (Reuters) - U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.
Fri, 21 Nov 2014 20:28:41 -0500
Countdown to missed opportunity for EU economy
By Paul Taylor PARIS (Reuters) - The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy. When European Union leaders meet on Dec. 18-19 under new management, they have a chance to launch a joint assault on the economic stagnation and high unemployment that are fuelling disenchantment and anti-EU protest among voters. All the signs are they are set to fall short. The 18-nation euro zone is struggling to pull out of the aftermath of its debt crisis, aggravated by the economic impact of a standoff with Russia over Ukraine. ...
Sun, 23 Nov 2014 04:11:00 -0500
Putin stands by hawkish Russian central bank - for now
By Lidia Kelly and Oksana Kobzeva MOSCOW (Reuters) - With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float. Such tough measures may well help push the country deeper into recession next year, but have so far staved off financial panic, runaway inflation or a currency meltdown like the one that helped catapult Putin into power in the 1990s. ...
Sun, 23 Nov 2014 02:05:48 -0500
Sweden's Wallenberg dynasty prepares for sixth generation
By Alistair Scrutton and Niklas Pollard STOCKHOLM (Reuters) - Jacob Wallenberg, the 58-year-old head of one of Europe's most enduring family dynasties, is trying to work out how the empire controlling much of Sweden's economy could look with a woman or someone without the family name at the helm. Roughly 30 members of the sixth generation, aged between 15 and 30, are contenders to see if they could one day run Wallenberg's Investor holding company and several foundations with major stakes in Electrolux, Atlas Copco and Ericsson. ...
Sun, 23 Nov 2014 03:22:05 -0500
EU investment plan to take shape next week
BRUSSELS (Reuters) - Jean-Claude Juncker will unveil a much anticipated 300-billion-euro ($370 billion) investment plan on Wednesday that is meant to trigger economic growth in the European Union.
Fri, 21 Nov 2014 13:20:16 -0500
European Parliament may propose Google break-up in draft resolution
(Reuters) - The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc's search engine operations in Europe from the rest of its business as one possible option to rein in the Internet companys dominance in the search market.
Fri, 21 Nov 2014 18:05:25 -0500
Lockheed, Pentagon ink $4.7 billion deal for eighth batch of F-35 fighters
WASHINGTON (Reuters) - The Pentagon said on Friday it had awarded Lockheed Martin Corp a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 percent from the first batch.
Fri, 21 Nov 2014 18:44:50 -0500
Europe not at risk of full-blown deflation: ECB's Constancio
FLORENCE Italy (Reuters) - Europe is not at risk of sliding into "full deflation" but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Saturday.
Sat, 22 Nov 2014 09:35:52 -0500
Visa sees Visa Europe option now costing more than $10 billion
(Reuters) - Visa Inc , the world's largest credit and debit card company, said it might have to pay more than $10 billion to buy its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to sell it.
Fri, 21 Nov 2014 19:41:04 -0500
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