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Feb 3, 2014

China, U.S. drag on global manufacturing revival

LONDON/NEW YORK, Feb 3 (Reuters) – Slower growth in the
Chinese and U.S. factory sectors raised worries about global
growth on Monday, even though European manufacturers enjoyed a
solid start to the year.

Data showed growth in China’s manufacturing sector slowed to
a six-month low, while its service sector grew at its slowest
pace in five years.

Feb 3, 2014

China, France drag on global manufacturing revival

LONDON/NEW YORK (Reuters) – European manufacturers enjoyed a solid start to the year as order books swelled, but slower growth in the Chinese and U.S. goods-producing sectors raised some worries about global growth.

Euro zone factories had their best month since mid-2011 and increased jobs for the first time in two years – a welcome sign for a region where unemployment remained at record highs.

Jan 28, 2014

Emerging market sell-off, Fed moves hit currency carry trades

LONDON/NEW YORK, Jan 28 (Reuters) – A sell-off on emerging
markets is likely to flush out many of the remaining carry trade
investors who went there in search of higher returns, and this
shift should boost more liquid currencies such as the dollar,
yen and Swiss franc.

Some investors fear the U.S. Federal Reserve may slow the
flood of money it has pumped into markets more sharply than
expected. This, along with the likelihood that other major
central banks such as the Bank of England will also tighten
policy as developed economies recover, may spell an end to the
ultra-cheap cash used to fund emerging market investments.

Jan 23, 2014

Euro zone starts 2014 on a high, China falters

LONDON/NEW YORK (Reuters) – China’s vast manufacturing industry shrank for the first time in six months and U.S. factory growth slowed a bit this month, but Europe’s private sector got the new year off to a strong start, surveys on Thursday showed.

The mixed results suggested global growth would remain uneven in early 2014, particularly as China’s economy – the world’s second largest – settles into a slower rate of growth.

Jan 16, 2014

F1 boss Ecclestone to face German bribery trial

MUNICH/LONDON (Reuters) – Formula One boss Bernie Ecclestone has been ordered to stand trial on bribery charges in Munich over the sale of a stake in the motor racing business, forcing him to loosen his long grip on the sport.

Ecclestone, 83, was charged last July with bribing former German banker Gerhard Gribkowsky to smooth the sale of a stake in Formula One to private equity firm CVC eight years ago.

Jan 16, 2014

Motor racing-F1 boss Ecclestone to face German bribery trial

MUNICH/LONDON Jan 16 (Reuters) – Formula One boss Bernie
Ecclestone has been ordered to stand trial on bribery charges in
Munich over the sale of a stake in the motor racing business,
forcing him to loosen his long grip on the sport.

Ecclestone, 83, was charged last July with bribing former
German banker Gerhard Gribkowsky to smooth the sale of a stake
in Formula One to private equity firm CVC eight years
ago.

Jan 1, 2014

Analysis: Scarred U.S. consumers a hard sell for traditional retail

NEW YORK (Reuters) – If there was one lesson from this year’s holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks.

A lot of stores had to discount heavily to eke out a modest increase in sales, likely squeezing profit margins in the process.

Jan 1, 2014

Scarred U.S. consumers a hard sell for traditional retail

NEW YORK, Jan 1 (Reuters) – If there was one lesson from
this year’s holiday shopping season, it is that many traditional
retailers are having to work a lot harder to persuade Americans
to open their pocketbooks.

A lot of stores had to discount heavily to eke out a modest
increase in sales, likely squeezing profit margins in the
process.

Dec 31, 2013

U.S. consumer mood brightens, but home price gains slow

NEW YORK (Reuters) – U.S. consumers’ mood improved as 2013 drew to a close, with many optimistic about their future job prospects, while home prices rose again in October, though the pace of gains slowed.

The data releases provided more evidence of strength in the U.S. economy, which appears to have overcome headwinds caused by an autumn government shutdown, higher taxes and rising mortgage rates.

Dec 26, 2013

Another record for Dow; bond yields near 2-year high

NEW YORK (Reuters) – U.S. stocks rose on Thursday as decent holiday spending data helped the Dow notch another record closing high while benchmark Treasury yields neared a two-year high of 3 percent after the government reported that fewer Americans sought jobless benefits.

Volume was light with most markets around the world closed, but traders who were at their desks focused on an improved U.S. economic outlook, which has kept the Dow on its longest winning streak since March. The S&P 500 also hit a record closing high.