REUTERS/Kai Pfaffenbach Inflation in the eurozone stayed pretty much flat in July, lingering just above zero. The latest figures show consumer prices up 0.2%, while core prices rose 0.9%. The core figure measures inflation but strips out particularly volatile items like food and energy prices. Analysts were expecting inflation of 0.2% year-on-year and core inflation […]
Thomson Reuters A woman holding her umbrella walks past an advertisement poster for Sharp Corp’s Aquos outside an electronics shop in Tokyo TOKYO (Reuters) – Japan’s Sharp Corp on Friday announced it was exiting the TV business in the Americas to shore up its finances, after booking a deeper-than-expected quarterly loss on weak smartphone display […]
REUTERS/Cathal McNaughton Greece won’t get a bail out, according to leaked IMF documents. Hi! Here’s everything you need to know this Friday. 1. Greece won’t get a bail out. The International Monetary Fund (IMF) reportedly won’t sign off on any deal to help Greece. 2. We may finally be one step closer to figuring out what […]
Sometimes bad things happen to good economies. Take Finland. Its schools are among the best in the world, its government is among the least corrupt, and, for rich countries, its public debt is among the lowest. But despite the fact that the fundamentals of its economy are strong, its economy is not, in fact, strong. Finland is actually […]
Flickr/chuckthewriter WASHINGTON (Reuters) – General Electric is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September, the industrial giant’s global operations boss told Reuters on Thursday. GE Vice Chairman John Rice said the conglomerate is bidding on over $ 10 billion worth […]
Thomson Reuters Venezuelan bolivar banknotes and a U.S. dollar banknote folded as boats are seen at a fruit and vegetable store in Caracas BOSTON (Reuters) – Venezuela’s currency woes cut nearly $ 3 billion in profit at U.S. blue-chip companies during the second quarter and prompted Procter & Gamble Co to remove its operations in […]
REUTERS/Lucas Jackson Paul Singer. Billionaire hedge fund manager Paul Singer, the founder of Elliott Management, is going after people who have shared his investor letters with “unauthorized” people. Singer has “learned the identities of certain individuals who breached their confidentiality obligations”, according to a recent letter obtained by Wall Street Journal’s Juliet Chung, Hedge fund managers […]
MotorAuthority This morning, the Insurance Institute for Highway Safety released crash test scores for the new, aluminum-bodied 2015 Ford F-150 pickup. Among the results, there’s good news and bad news for fans of America’s best-loved vehicle. First, the good news: IIHS says that the F-150′s new aluminum body provides just as much crash protection as […]
eBay/BobBonis You can scoop up this original photo of Mick Jagger and Keith Richards shot by manager Bob Bonis for $ 175. The prized posessions and memorabilia of the rich and famous are easier to come by than ever. Just log onto eBay. There you can find everything from Jon Stewart’s Armani suits to a still-stylish […]
The UK’s stock market jumped a little today. The FTSE 100 jumped at the open and pretty much stayed there, closing up 0.57%, or 38 points to 6,668.87. Google The share index was boosted by Royal Dutch Shell, which climbed 4% on news it was shedding 6,500 jobs to cut costs. Shares in Rolls-Royce rose more than […]