FirstEnergy to host public conference call as New Jersey electric prices soar
TRENTON, NJ – With electric bills climbing across New Jersey, FirstEnergy Corp. announced it will host a public conference call to review its third-quarter financial results and address customer concerns. The call…
KKR in talks to buy Spanish fertility clinic company Eugin from Fresenius -report
MADRID (Reuters) – United States-based buyout fund KKR is in exclusive talks with Germany’ Fresenius to buy Eugin, fertility clinics in Spain and Portugal, Spanish newspaper Cinco Dias reported on Monday citing…
UK house prices fall by 5.3% in 12 months to September – Nationwide
LONDON (Reuters) -British house prices in September were 5.3% lower than a year earlier, matching their fall in August which was the biggest annual drop since 2009, figures from mortgage lender Nationwide…
Take Five: Roll on Q4!
LONDON (Reuters) – The shutdown of the U.S. government has been averted, while embattled developer China Evergrande is on the brink, and markets are still adjusting to central banks’ higher for longer…
Flexible hours, sick pay and meals, British workers get a better deal
By James Davey, Kate Holton and David Milliken BRIGHTON, England (Reuters) – For Josh Hughes-Davies, the best thing about his job in a bar in the coastal city of Brighton is the…
Russian factory activity grows at fastest pace in over six years in Sept -PMI
(Reuters) – Activity in Russian manufacturing grew at its fastest pace in more than six years in September, a survey showed on Monday, while employment in the sector rose at its quickest…
How China-West tensions will shape global markets
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Tensions between the West and China are rising, from tit-for-tat trade tariffs to tech rivalry and spying allegations. The ramifications for global markets…
Japan startup develops ‘Gundam’-like robot with $3 million price tag
By Satoshi Sugiyama and Chris Gallagher YOKOHAMA, Japan (Reuters) – Tokyo-based start-up Tsubame Industries has developed a 4.5-metre-tall (14.8-feet), four-wheeled robot that looks like “Mobile Suit Gundam” from the wildly popular Japanese…
Analysis-Fed shines light on path to US bank capital relief trades
By Shankar Ramakrishnan (Reuters) – A clarification of capital rules by the Federal Reserve may encourage U.S. banks to transfer more of the risk in their loan portfolios to investors, potentially letting…
Indonesia inflation cools to 2.28% in September, close to forecast
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s annual inflation rate slowed to 2.28% in September, roughly in line with a market forecast, official data showed on Monday, near the lower…
Japan puts the brakes on lucrative used-car trade with Russia
By Daniel Leussink TOKYO (Reuters) – Japan’s move to bar most used-car sales to Russia slammed the brakes on a trade nearing $2 billion annually that had boomed in the shadow of…
Bain Capital invests $200 million in Vietnam conglomerate Masan
HANOI (Reuters) -U.S. private equity firm Bain Capital has made its first investment in Vietnam, with at least $200 million in the Masan Group conglomerate, and could bring in other investors to…
BOJ announces additional bond buying after yield hits decade high
By Kevin Buckland TOKYO (Reuters) – The Bank of Japan said on Monday it would conduct additional bond buying operations, seeking to slow a rise in yields after the benchmark reached its…
Japan’s business mood improves, capex firm in boost to economic outlook
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s business sentiment improved in the third quarter, a central bank survey showed, suggesting conditions for a durable economic revival are falling into place…
Marketmind: Markets strap in for PMI data dump
A look at the day ahead in European and global markets from Brigid Riley After a rough September, investors will be looking for something positive to kick off the fourth quarter, although…
Germany welcomes China’s support for G20 debt restructuring framework
BERLIN (Reuters) -Germany has welcomed a show of support from China for the G20 debt restructuring framework for poorer countries in a joint statement after their financial dialogue in Frankfurt over the…
Japan’s factory activity extends declines in September – PMI
TOKYO (Reuters) – Japan’s factory activity fell at the fastest pace in seven months in September, a survey showed on Monday, as worsening global economic conditions continued to weaken demand. The final…
China’s factory activity recovery slows in September – Caixin PMI
BEIJING (Reuters) -China’s factory activity expanded at a slower pace in September, a private-sector survey showed on Sunday, with sluggish external demand weighing on the outlook even as output increased. The Caixin/S&P…
SingTel to sell stake in Trustwave for $205 million
(Reuters) – Singapore Telecommunications on Monday said it entered into an agreement with MC2 Titanium, LLC to sell its stake in cyber security business Trustwave for $205 million. Southeast Asia’s largest telecom…
Marketmind: U.S. shutdown relief vs mixed China PMIs
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. An early burst of positive sentiment – or relief – after the…
Philippines eyes maiden sukuk issue in November
MANILA (Reuters) – The Philippines plans to issue its maiden sukuk bonds by the end of November, its finance secretary said, as it seeks to develop alternative funding sources for its budget.…
Peruvian annual inflation eases to lowest level in more than two years
(Reuters) – Annual inflation in Peru decelerated to 5.04% in September to hit its lowest level in more than two years, according to official figures published on Sunday, though consumer prices remained…
Credit Suisse, Mozambique secure out-of-court ‘tuna bond’ settlement
By Noele Illien and Kirstin Ridley ZURICH (Reuters) -Credit Suisse has reached an 11th-hour out-of-court settlement with Mozambique over the decade-old $1.5 billion-plus “tuna bond” scandal, the Swiss bank’s new owner UBS…
Ackman’s SPARC is seeking new deals with private companies
(Reuters) – Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory approval from U.S regulators for distributing special purpose acquisition rights. The SPARC,…
New Jersey Rock’n’Roll History: The Stone Pony
In the landscape of American music history, few venues stand out as much as Asbury Park’s Stone Pony. Located in the iconic Jersey Shore town of Asbury Park, New Jersey, the Stone…
German regulator BaFin to send special monitor to Deutsche Bank – Handelsblatt
BERLIN (Reuters) – German financial regulator BaFin will send a special monitor to Deutsche Bank following problems at its Postbank unit, German daily Handelsblatt reported on Sunday citing sources close to the…