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China's Li Ning stumbles from gold medal position to no man's land

Breaking Business News - 1 hour 31 min ago
HONG KONG (Reuters) - In 2010, former Chinese gymnast Li Ning led a surging $4 billion sportswear business, a gold-medal pinnacle echoing his victories at the 1984 Olympic Games.

Investors look past Ukraine, focus on ECB

Breaking Business News - 3 hours 42 min ago
LONDON (Reuters) - World markets advanced on Monday despite the conflict in Ukraine, focusing on whether the European Central Bank will announce plans for economic stimulus when it meets this week.






Hollande, Draghi agree on threat of deflation: official

Breaking Business News - 4 hours 36 min ago
PARIS (Reuters) - French President Francois Hollande and European Central Bank chief Mario Draghi agreed on Monday that deflation and weak growth were threatening the European Union's economy, an official in the president's office said.






Imperial Tobacco closes $13 billion of loans

Breaking Business News - 6 hours 24 min ago
LONDON (Reuters) - British cigarette maker Imperial Tobacco has closed loans of about $13 billion to back its acquisition of selected brands and assets from Reynolds American Inc, the lead banks said on Monday.

Twenty years on, Schaeuble pleads again for core Europe

Breaking Business News - 7 hours 50 min ago
PARIS (Reuters) - German Finance Minister Wolfgang Schaeuble renewed a call for a core group of European Union countries to move ahead faster with economic and political integration, 20 years after his ground-breaking proposal fell on deaf ears in key partner France.






Ohio business journal changes to monthly magazine

Talking Biz News - 7 hours 51 min ago
The Stark Business Journal, which has been published every other Tuesday as an insert in the Canton Repository in Ohio, is changing to a monthly magazine. David Manley, business editor of the Canton Repoistory,...

New Mexico paper names new biz editor

Talking Biz News - 8 hours 1 min ago
Jason Gibbs, a 20-year veteran of journalism in New Mexico and Texas, has been appointed as the business editor for the Las Cruces Sun-News. A story on its website states, “Gibbs, 44, has been...

France's Moscovici set for EU economy role, under supervision

Breaking Business News - 8 hours 19 min ago
BRUSSELS (Reuters) - Former French finance minister Pierre Moscovici has a "good chance" of being named to the European Commission's top economic and monetary job, a French diplomatic source said on Monday, as attention turned to the line-up of the next EU executive.

Factory activity in Europe, Asia cools; demand lull a concern

Breaking Business News - 9 hours 16 min ago
BANGALORE/SYDNEY (Reuters) - Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed.






U.S. inflation bonds back in vogue

Breaking Business News - 11 hours 4 min ago
NEW YORK (Reuters) - U.S. investors are back in the hunt for inflation protection for the first time in two years as rising housing costs - particularly for rent - suggest inflation may finally be waking from its post-recession slumber.






KPMG refuses to approve BES accounts, warns of further loss

Breaking Business News - 11 hours 54 min ago
LISBON (Reuters) - Auditor KPMG has refused to approve bailed-out Banco Espirito Santo's first-half report and accounts, published on Monday, citing the bank's failure to provide adequate information on its financial position and also warned of possible further losses.






Central European PMIs point to slowdown as sanctions hit sentiment

Breaking Business News - 12 hours 21 min ago
PRAGUE (Reuters) - Polish manufacturing activity shrank for a second straight month in August and Czech expansion slowed more than expected, adding to signs weaker euro zone economies and crisis in Ukraine are cooling growth in the EU's east.

China gives Microsoft 20 days to provide explanation in anti-trust probe

Breaking Business News - 13 hours 23 min ago
BEIJING (Reuters) - A Chinese anti-trust regulator said on Monday it has given Microsoft Corp 20 days to reply to queries on the compatibility of its Windows operating system and Office software suite amid a probe into the world's largest software company.

Euro zone factory growth slows in August amid Ukraine tension: PMI

Breaking Business News - 15 hours 12 min ago
LONDON, (Reuters) - Euro zone manufacturing growth slowed slightly more than initially thought last month as new orders dwindled and factories suffered amid rising tensions in Ukraine, a business survey showed on Monday.

Weak data to test BOJ's rosy economic view, policy on hold

Breaking Business News - 16 hours 6 sec ago
TOKYO (Reuters) - The Bank of Japan will maintain its existing stimulus policy and optimistic economic view when it meets on Thursday, sources say, preferring to take more time to gauge whether a run of weak data is sufficient to threaten a fragile recovery.






Weak investment, trade drive second quarter contraction in German economy

Breaking Business News - 16 hours 3 min ago
BERLIN (Reuters) - Weak investment spending and slow trade led Germany to contract for the first time in over a year in the second quarter, data showed, suggesting Europe's largest economy is running out of steam just as the impact of the crisis in Ukraine starts to bite.

Retreat in China's PMIs heightens calls for policy easing

Breaking Business News - 16 hours 18 min ago
BEIJING (Reuters) - Growth in China's vast factory sector cooled in August as foreign and domestic demand slowed, two surveys showed on Monday, spurring new calls for more policy easing to prevent the economy from stumbling once more.






Britain's Barclays to sell Spanish assets to Caixabank

Breaking Business News - 17 hours 27 min ago
MADRID (Reuters) - Barclays is selling its Spanish retail and corporate banking operations to Caixabank, the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul.






China manufacturing slowdown ripples through region

Breaking Business News - 17 hours 48 min ago
SYDNEY (Reuters) - Growth in China's vast factory sector slackened in August as foreign and domestic demand slowed, stoking speculation that further policy easing would be needed to prevent the economy from stumbling once more.

Tantrums, concubines, hotpot burns and smog: China insurers have it covered

Breaking Business News - Sun, 08/31/2014 - 21:56
HONG KONG (Reuters) - Your child throws a tantrum and smashes something? Take out "naughty child insurance". Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer World Cup, burning your tongue eating hotpot or if smog ruins your holiday.