(Reuters) – U.S. consumer sentiment rose to its highest in more than four years in early May as Americans remained upbeat about the job market, a survey released on Friday showed. The Thomson Reuters/University of … continue…
May consumer sentiment hits more than 4-year high
Comments Off on May consumer sentiment hits more than 4-year high
Banks prepare for the return of the drachma
(Reuters) – Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greece adopted the euro more than a decade ago and would … continue…
Comments Off on Banks prepare for the return of the drachma
Scandinavian Airlines SAS invests 5.6 billion EUR in new fleet
The worlds most punctual airline Scandinavian Airlines SAS will over the next 8 years invest EUR 5.6 billion in a renewal of the fleet. Leaks from the airline indicates that an order for new aircraft … continue…
Comments Off on Scandinavian Airlines SAS invests 5.6 billion EUR in new fleet
Facebook’s IPO already oversubscribed
(Reuters) – Facebook Inc’s record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world’s largest social network embarked on a cross-country roadshow to drum up investor … continue…
Comments Off on Facebook’s IPO already oversubscribed
Sony slides to three-decade low on strategy doubts
(Reuters) – Shares in Sony Corp slumped more than 7 percent to near 32-year lows, as investors doubted the Japanese consumer electronics giant has a strategy to fix its loss-making TV business and compete in … continue…
Comments Off on Sony slides to three-decade low on strategy doubts
China industrial output lowest in nearly three years
(Reuters) – Chinese industrial production weakened sharply in April as investment slowed to its lowest level in nearly a decade, showing an economy that is surprisingly vulnerable to a global slowdown and a credit crunch … continue…
Comments Off on China industrial output lowest in nearly three years
JPMorgan reveals $2 billion trading loss
(Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, said it suffered a trading loss of at least $2 billion from a failed hedging strategy, a shock disclosure that hit financial stocks … continue…
FedEx to buy France’s TATEX to expand in Europe
(Reuters) – FedEx Corp (FDX.N) said Thursday its Express arm will buy privately held French package delivery company TATEX to expand its express delivery network in Europe. Terms of the deal were not disclosed. TATEX, … continue…
Comments Off on FedEx to buy France’s TATEX to expand in Europe
Sterling hits all-time low vs yen
(Reuters) – Sterling hit an all-time low versus the yen on Thursday after concerns about a slowdown in the U.S. economy prompted investors to dump higher-risk currencies, including the pound, versus perceived safe havens. The … continue…
Comments Off on Sterling hits all-time low vs yen
Nikkei slides toward 9,000 in choppy trade
Nikkei ends down; approaches trough, says Nomura * Toyota makes modest gain on positive forecast * Gree, DeNA rebound, to scrap gambling games * Tepco surges on government capital injection, takeover By Sophie Knight … continue…
Comments Off on Nikkei slides toward 9,000 in choppy trade
