05 May
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Breaking News- End to Fed stimulus, China slowdown spark world sell-offBy Richard Hubbard LONDON (Reuters) - The clear signal from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to Chinese growth slowing sparked sharp falls in bonds, shares and commodities on Thursday. Emerging markets, many of which have been primed by the cheap Fed cash, saw some of the biggest selling as investors rushed to the exits. MSCI's benchmark index for emerging equities slumped by more than 3.3 percent and shares across the Asian Pacific region outside Japan recorded their biggest daily drop since late 2011. ...
- China, euro zone threaten U.S.-led economic recoveryBy Jonathan Cable LONDON (Reuters) - Factory output in China, the world's second largest economy, weakened to a nine-month low in June, combining with a continued recession in the euro zone to threaten a global recovery led by the United States. A day after the Federal Reserve suggested the U.S. economy was firmly on a recovery path - enough so to withdraw some monetary stimulus - data showed China's economy was stuttering. Faltering demand pushed the flash China HSBC Purchasing Managers Index (PMI) down to 48.3 in June from 49. ...
- Rebound in UK retail sales signals solid second quarterBy Olesya Dmitracova and David Milliken LONDON (Reuters) - British retail sales bounced back much more than expected in May, adding to evidence of accelerating economic growth in the second quarter and easing some of the pressure on the central bank to boost the economy. The Office for National Statistics said on Thursday sales volumes grew 2.1 percent on the month, after posting the sharpest fall in a year in April. May's rise was the biggest since February. Compared with a year earlier, sales rose 1.9 percent, again the fastest increase since February. ...
- Airbus wins firm orders worth $39.3 billion at showPARIS (Reuters) - Airbus said it won orders and commitments at the Paris Airshow for 466 aircraft worth a total of $68.7 billion based on list prices. The deals signed at the air show include firm purchase orders for 241 planes worth $39.3 billion, Airbus said on Thursday at a news conference at the show. The planemaker added that its latest A350 model had successfully completed its second flight on Wednesday and would fly past the air show. (Reporting by Maria Sheahan; Editing by James Regan)
- French watchdog tells Google to change privacy policyBy Natalie Huet PARIS (Reuters) - France's data protection watchdog ordered Google on Thursday to change its privacy policy or face fines, leading a Europe-wide push to get the Internet giant to clarify its intentions and methods for collecting user data. France's regulator, the CNIL, said Google's privacy policy violated French laws and gave the U.S. company three months to make changes or risk a fine of up to 150,000 euros ($201,100) and a second of 300,000 euros if it still failed to act. ...
- Lehman Europe creditors to get further $5.5 billion payoutLONDON (Reuters) - More than 1,000 creditors of the European operations of failed U.S. investment bank Lehman Brothers will share a 3.5 billion pound ($5.5 billion) payout next week, its administrators said on Thursday. The payout means the recovery so far for creditors from one of the banking collapses at the heart of the 2008 financial crisis is 68.5 cents in the dollar. PricewaterhouseCoopers, joint administrators for Lehman Brothers International (Europe), said a dividend of 43.3 percent of what creditors were owed - the second so far - would be paid on June 28. ...
- UK watchdog says Lloyds must raise $13.5 billion capitalBy Huw Jones and Matt Scuffham LONDON (Reuters) - Lloyds Banking Group must plug a capital shortfall of 8.6 billion pounds ($13.5 billion), Britain's banking regulator said on Thursday, a day after the government signaled plans to return the part-state owned lender to the private sector. Britain is trying to restore confidence in a banking sector that had to be shored up by taxpayers during the 2007-09 financial crisis. Apart from the large minority stake in Lloyds, it also owns 81 percent of Royal Bank of Scotland . ...
- Airbus pieces together air show order finalePARIS (Reuters) - European planemaker Airbus sought to finalize a flurry of orders on Thursday to avoid a rare defeat to U.S. arch-rival Boeing at its domestic Paris Airshow. As of Wednesday, Airbus lagged its competitor with 211 firm orders against 265 for Boeing. Airbus had commitments for a further 165 jets, compared with 127 for Boeing. The order tallies from both planemakers included major purchases of narrowbody medium-haul jets from Europe's two biggest low-cost carriers, Ryanair and easyJet . ...
- China factory activity hits nine month low, policy action eyedBy Kevin Yao BEIJING (Reuters) - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second quarter slowdown and increasing the heat on the central bank to loosen policy. China's economy grew at its slowest pace for 13 years in 2012 and so far this year data has been weaker than expected, bringing warnings the country could miss its growth target of 7.5 percent for this year, though possibly not by much. ...
- Euro zone business slump eases but second quarter contraction likely: PMIBy Jonathan Cable LONDON (Reuters) - The euro zone's private sector slump has eased more than expected this month, business surveys showed on Thursday, but a continued slide in new orders suggested a full recovery is still some way off. The data will come as good news for the European Central Bank as the decline eased across the 17-nation bloc. Markit's Flash Eurozone Composite Purchasing Managers' Index, which makes up around 85 percent of the final reading and is seen as a reliable economic growth indicator for the bloc, rose to 48.9 in June from May's 47.7. ...
- End to Fed stimulus, China slowdown spark world sell-off
