MOSCOW/FRANKFURT (Reuters) - German publisher Axel Springer is withdrawing from its Russian business, Russian news agency RBC reported at the weekend, citing two media sources and a government source.A deal to sell an 80 percent stake to Russian publisher Alexander Fedotov, owner of Artcom Media, is in its final stages, with the unit’s CEO Regina von Flemming taking the remaining 20 percent, RBC said.
He was also busy crafting a controversial statement to mark the 70th anniversary of that conflict’s end.Fifteen economists who responded to a Reuters poll overwhelmingly said Abe in his next term should put priority on regulatory reform of the labor market and repairing a social security system burdened by a fast-ageing population.
BERLIN (Reuters) - Germany will set another export record this year despite recent worries of an economic slowdown in China, the head of the German trade association said in an interview published on Sunday.Anton Boerner, head of the BGA trade association, told the newspaper Der Tagesspiegel that he still expected German companies to trump last year’s record trade performance.
ANKARA (Reuters) - China told the world’s financial leaders on Friday it was committed to continuing structural reforms and to supporting economic growth, Europe’s Economic Commissioner Pierre Moscovici told reporters after the meeting.“The first one was the confidence in the capacity of China to grow and his will to pursue structural reform in China.
DE) chairman Ferdinand Piech prevented Chief Executive Martin Winterkorn from fulfilling his ambition to become chairman, showing the patriarch’s continuing influence behind the scenes, two respected German publications reported.Weekly magazine Spiegel and the Frankfurter Allgemeine Sonntagszeitung said the Porsche-Piech clan, which controls Volkswagen’s 51 percent shareholder Porsche SE, had agreed to propose Winterkorn as chairman before Piech’s intervention.
Securities and Exchange Commission Republican member Daniel Gallagher announced on Friday that he will not stay on at the agency past Oct.“It has been a great honor to serve on the commission during such an important time,” Gallagher said in a statement.
CERNOBBIO, Italy (Reuters) - A common euro zone budget should initially be funded through joint debt issuance and taxpayers’ money should only be used at a later stage, French Economy Minister Emmanuel Macron said on Saturday.France wants the euro zone to have its own joint budget to carry out investments.
ANKARA (Reuters) - Emerging markets have voiced concern about the possibility and timing of rate hikes by the Federal Reserve but a G20 communique from a meeting of finance chiefs in Turkey will not urge the U.S.
Shares have fallen 25 percent over the past 12 months, whereas the S&P 500 is down 2.” The company’s current structure, Aberle said, also allows Qualcomm to leverage relationships with Chinese customers, since the chipmaker is well-positioned to help them expand to other countries.
PARIS (Reuters) - European planemaker Airbus (AIR.PA) said on Friday that it won 754 orders in the first eight months of the year, boosted by an order surge last month that included one worth $26.
NEW YORK (Reuters) - Argentina’s central bank on Monday won the reversal of a U.Circuit Court of Appeals in New York overturned a 2013 ruling denying a bid by Banco Central de la República Argentina (BCRA) to dismiss claims by U.
The U.2 last month from a reading of 52.
BERLIN (Reuters) - German sportswear firm Adidas is underlining its commitment to struggling U.That has prompted calls from investors for Adidas to sell Reebok, which has failed to help dent Nike’s dominance of the U.
LONDON (Reuters) - An OPEC publication written by the exporter group’s public relations team helped oil prices jump and prompted speculation over a possible shift in output policy - to the bafflement of some OPEC insiders.The commentary on Monday in the OPEC Bulletin, a magazine issued by OPEC’s Vienna headquarters, said downward pressure on prices due to higher production “remains a cause for concern” and OPEC “stands ready to talk to all other producers”.
LONDON, (Reuters) - Euro zone manufacturing growth eased last month, despite factories barely raising prices, adding to the European Central Bank’s woes as it battles to spur expansion and inflation, a survey showed.3 last month, below an earlier flash reading that suggested it had held steady at July’s 52.
TOKYO (Reuters) - Toshiba Corp again delayed announcing its annual financial results on Monday, as new accounting errors prevented the company from drawing a line under Japan’s worst corporate scandal in four years.That probe found Toshiba had overstated past results by around $1.
48 billion stake in oil refiner Phillips 66 (PSX.Crude oil prices have since fallen by more than half, though Phillips 66’s share price has dropped by less than 1 percent.
Most of the losses came after the People’s Bank of China (PBOC) surprised markets by devaluing the yuan by nearly 2 percent on Aug.“Major state-owned banks bought a large amount of yuan this morning,” said a trader at an Asian bank in Shanghai.
central banker was circumspect whether he would prefer to raise rates from near zero at a much-anticipated policy meeting on Sept.But he said downward price pressure from the rising dollar, falling oil prices, and slack in the U.