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U.S. says India refusal on WTO deal a wrong signal

Breaking Business News - 1 hour 8 min ago
NEW DELHI/SYDNEY (Reuters) - U.S. Secretary of State John Kerry told Prime Minister Narendra Modi on Friday that India's refusal to sign a global trade deal sent the wrong signal, and he urged New Delhi to work to resolve the row as soon as possible.

Britain's RBS places restrictions on lending in Russia

Breaking Business News - 1 hour 55 min ago
LONDON (Reuters) - Part-nationalised British lender Royal Bank of Scotland said on Friday it had placed restrictions on its lending in Russia following developments in Ukraine.






Asia stocks sideswiped by Wall Street, but China motors on

Breaking Business News - 3 hours 19 min ago
SYDNEY (Reuters) - Asian shares were mostly under water on Friday after a sudden slump on Wall Street spilled over globally, though a surprisingly strong pick up in manufacturing helped Chinese markets hold at seven-month highs.

BOJ's Kuroda defends upbeat economic view despite soft data

Breaking Business News - 3 hours 49 min ago
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda came out fighting on Friday, giving a spirited defence of the economy's performance after a run of weak data, and reiterated his readiness to expand stimulus if inflation faltered on the path to his 2 percent target rate.






China's factories spring to life as global trade reawakens

Breaking Business News - 4 hours 38 min ago
SYDNEY (Reuters) - Activity in China's vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade.






U.S. auto sales party seen increasingly dependent on easy money

Breaking Business News - 4 hours 40 min ago
DETROIT (Reuters) - The U.S. auto industry hasn’t appeared so healthy for years. Sales hit an eight-year high in June, there appears to be plenty of pent-up demand, and discounting is far from getting out of hand. New plants and production lines are being built, and many auto executives, dealers and securities analysts are optimistic.

U.S. job growth seen slowing, but remaining solid in July

Breaking Business News - 4 hours 45 min ago
WASHINGTON (Reuters) - U.S. job growth likely cooled a bit in July, but retained enough momentum to suggest the economy remained on solid ground.






Argentine markets fall post-default, New York hearing on Friday

Breaking Business News - 5 hours 5 min ago
BUENOS AIRES (Reuters) - Argentina's bond and stock markets and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years following the collapse of last-ditch talks with holdout creditors.






Asia taken aback by Wall St swoon, pins hopes on China

Breaking Business News - 5 hours 16 min ago
SYDNEY (Reuters) - Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment.






S&P500 index posts worst fall since April; indexes down for July

Breaking Business News - 5 hours 19 min ago
NEW YORK (Reuters) - The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected.

China PMIs jump to multi-month highs in July, add to view economy is steadying

Breaking Business News - 5 hours 20 min ago
BEIJING (Reuters) - China's factories posted their strongest growth in at least 1-1/2 years in July as new orders surged to multi-month highs, two surveys showed on Friday, cementing bets that the economy is re-gaining momentum after a spate of stimulus measures.






SEC launched extensive probe to identify sources in Reuters stories

Breaking Business News - Thu, 07/31/2014 - 20:33
NEW YORK/WASHINGTON (Reuters) - A U.S. Securities and Exchange Commission watchdog conducted an extensive, months-long investigation to find out who had leaked information that appeared in two Reuters stories published last autumn, but it was unable to identify the sources, according to a report of the probe seen by Reuters on Thursday.

France's Iliad challenges Sprint for control of T-Mobile

Breaking Business News - Thu, 07/31/2014 - 20:11
PARIS/NEW YORK (Reuters) - French telecommunications company Iliad SA has made a surprise offer for T-Mobile US Inc , setting up a potential bidding war with Sprint Corp , the U.S. mobile carrier now controlled by Japan's Softbank Corp .






Fiat investors vote on Chrysler merger to ease access to cash, U.S. investors

Breaking Business News - Thu, 07/31/2014 - 19:41
TURIN Italy (Reuters) - Fiat shareholders are expected to approve the Italian carmaker's merger with its U.S. unit Chrysler on Friday, a union aimed at boosting the world's seventh-largest auto group's appeal with foreign investors and paving the way for a U.S. share listing.

Tesla expects to boost 2015 output to more than 60,000

Breaking Business News - Thu, 07/31/2014 - 19:19
DETROIT (Reuters) - Tesla Motors Inc, the California-based maker of luxury electric cars, said it expects to build more than 60,000 cars in 2015, after spending heavily this year to update and expand its Fremont assembly plant.






Fiat investors vote on Chrysler merger to ease access to cash, U.S. investors

Breaking Business News - Thu, 07/31/2014 - 19:03
TURIN Italy (Reuters) - Fiat shareholders are expected to approve the Italian carmaker's merger with its U.S. unit Chrysler on Friday, a union aimed at boosting the world's seventh-largest auto group's appeal with foreign investors and paving the way for a U.S. share listing.

France's Iliad challenges Sprint for control of T-Mobile

Breaking Business News - Thu, 07/31/2014 - 19:02
PARIS/NEW YORK (Reuters) - French telecommunications company Iliad SA has made a surprise offer for T-Mobile US Inc , setting up a potential bidding war with Sprint Corp , the U.S. mobile carrier now controlled by Japan's Softbank Corp .






Action camera maker GoPro reports bigger loss as costs double

Breaking Business News - Thu, 07/31/2014 - 18:45
(Reuters) - GoPro Inc, which makes wearable cameras used by surfers, skydivers and other action junkies to post their exploits online, reported a bigger quarterly loss as costs nearly doubled.






India's demands block $1 trillion WTO deal on customs rules

Breaking Business News - Thu, 07/31/2014 - 18:43
NEW DELHI/GENEVA (Reuters) - The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.






Argentine default to hit Brazil factories, Uruguay resorts

Breaking Business News - Thu, 07/31/2014 - 18:26
RIO DE JANEIRO/BRASILIA (Reuters) - Argentina's debt default threatens to worsen trade tensions in South America, adding to the economic woes of Brazil in a tense election year and causing headaches in Uruguay as the Argentine economy looks likely to plunge deeper into recession.