China PMI as predicted, Aussie drops after data

Posted By on April 23, 2014

SYDNEY/SINGAPORE (Reuters) – Asian stock markets were little moved on Wednesday after a Chinese manufacturing survey met expectations, but the Australian dollar plunged to a two-week low after data showed surprisingly low inflation in that country’s economy.

Source: Reuters Business News

China factory activity shrinks for fourth month, but pace of decline slows

Posted By on April 23, 2014

BEIJING (Reuters) – China’s factory activity shrank for the fourth straight month in April, signaling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the slowdown.

Source: Reuters Business News

Novartis and GSK trade assets as pharma industry reshapes

Posted By on April 22, 2014

ZURICH/LONDON (Reuters) – Novartis and GlaxoSmithKline traded over $20 billion worth of assets on Tuesday, aiming to bolster their best businesses and exit weaker ones as the drugs industry reshapes to cope with healthcare spending cuts and generic competition.

Source: Reuters Business News

U.S. justices conflicted over Aereo TV copyright fight

Posted By on April 22, 2014

WASHINGTON (Reuters) – U.S. Supreme Court justices appeared unsure on Tuesday whether to rule against online TV startup Aereo Inc in a major copyright case, with several raising concerns about how a ruling in favor of broadcast networks could affect increasingly popular cloud computing services.

Source: Reuters Business News

Valeant, Ackman offer to buy Botox maker Allergan for $47 billion

Posted By on April 22, 2014

(Reuters) – Canada’s Valeant Pharmaceuticals International Inc said on Tuesday it and activist investor Bill Ackman made an unsolicited $47 billion bid to buy Botox maker Allergan Inc as it seeks to become one of the world’s five biggest drug companies.

Source: Reuters Business News

Weak China shares depress Asia, Ukraine also a risk

Posted By on April 22, 2014

TOKYO (Reuters) – Extended weakness in Chinese shares, driven by worries over liquidity and earnings, put a brake on other Asian stock markets on Tuesday despite Wall Street stocks rallying into a fifth session.

Source: Reuters Business News

Students struggle when loan co-signers die, go bankrupt: watchdog

Posted By on April 22, 2014

WASHINGTON (Reuters) – The U.S. consumer financial watchdog warned on Tuesday that some student loan borrowers could be thrown into default if relatives who co-signed their loans die or declare…

Source: Reuters on Money

Next batch of companies hope to raise $3.6 billion through China IPOs

Posted By on April 22, 2014

SHANGHAI (Reuters) – China’s regulator posted draft initial public offering (IPO) prospectuses for 18 Chinese firms on Monday, bringing the total number of potential issuers up to 46, with state media estimating they could raise as much as 22.6 billion yuan ($3.6 billion) from investors.

Source: Reuters Business News

U.S. NHTSA opens investigation into Bosch electric car charger

Posted By on April 21, 2014

(Reuters) – U.S. safety regulators have opened an investigation of electric car chargers made by German supplier Robert Bosch LLC after a driver of a 2013 Nissan Leaf reported one emitted smoke while charging.

Source: Reuters Business News

Halliburton expects margins to rebound in North America

Posted By on April 21, 2014

(Reuters) – Halliburton Co , the world’s No.2 oilfield services provider, expects margins to improve in North America after being depressed for two years as companies step up spending to drill and complete wells.

Source: Reuters Business News

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