Search Results for: EU
GSK-linked investigators stand trial in China – closely watched case
August 8th, 2014
A British investigator and his American wife will stand trial in Shanghai on Friday in a case that is seen as key to a bribery investigation against GlaxoSmithKline Plc. Peter Humphrey and his colleague and wife Yu Yingzeng, who ...
The Global Economy’s Groundhog Day
August 8th, 2014
In the movie “Groundhog Day,” a television weatherman, played by Bill Murray, awakes every morning at 6:00 to relive the same day. A similar sense of déjà vu has pervaded economic forecasting since the global economic crisis began a ...
Chinese banks get serious – risk of bad debts swell
August 8th, 2014
Chinese banks are scrambling to get on top of bad debts they have downplayed for years, cutting off riskier borrowers and further tightening lending terms. China’s banks keep reporting bad loan levels well below what most analysts consider realistic, ...
Japan stocks sink 3% on global tensions
August 8th, 2014
U.S. stock futures were seeing red on Friday as stocks in Japan traded sharply lower. Jitters over the crises in Iraq and Ukraine appeared to be denting investor sentiment. Japan’s Nikkei 225 index led Asian declines, sliding almost 3% ...
Asian shares skid as Obama confirms air strikes on Iraq
August 8th, 2014
Asian shares tumbled on Friday as investors sought out safe-haven assets on growing fears that conflicts in Ukraine and the Middle East could sap global growth, extending losses after U.S. President Obama said he had authorized air strikes in ...
Pound About 0.2 Percent From Eight-Week Low as BOE Holds Rates
August 8th, 2014
The pound was about 0.2 percent from its weakest level in eight weeks versus the dollar after Bank of England officials maintained their key interest rate at a record-low 0.5 percent following a two-day meeting. U.K. 10-year government bond ...
China July exports up 14.5 pct year-on-year, imports down 1.6 percent
August 8th, 2014
China’s surprisingly buoyant exports in July pushed its trade surplus to a record, but a drop in imports signals sluggish domestic demand that will likely call for continuing policy support to keep economic growth on track. Manufacturing appears to ...
BOJ maintains policy, offers bleaker view on exports
August 8th, 2014
The Bank of Japan kept monetary policy steady on Friday and offered a bleaker view on exports and output, in a nod to recent weak data that cast doubts over its optimistic view that the economy is continuing to ...
Pfizer faces lawsuits over Lipitor
August 8th, 2014
Pharmaceutical giant Pfizer is facing a large amount of lawsuits from women who claim that the firm was aware that its anti-cholesterol drug Lipitor was causing possible serious side effects. The number of lawsuits has tremendously risen during the ...
Arab Bank Plc in trial in the U.S. for financing Hamas
August 8th, 2014
Arab Bank Plc ARBK.AM faces accusations that it provided material support to the Palestinian group Hamas. The bank will go under trial next week in New York making it the first financing case in the United States. The Jordan-based ...
