08 Aug
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Breaking News- Shares choppy, dollar steady as Fed meetsBy Richard Hubbard LONDON (Reuters) - European shares turned lower but major currencies and commodities stuck within recent ranges on Wednesday as investors awaited clarity on the U.S. Federal Reserve's next policy move. Mixed reports on the strength of the U.S. economic recovery are expected to encourage the Fed to leave its ultra-loose policy unchanged, but concern it may hint at when it will wind back its bond buying is making all markets skittish. "The market is very nervous," said Oliver Roth, head trader at Close Brothers Seydler. ...
- Vodafone set to trump Liberty with $10 billion cash bid for Kabel: sourcesFRANKFURT/LONDON (Reuters) - Vodafone is discussing a bid of about $10 billion with Germany's No. 1 cable operator Kabel Deutschland and is confident its raised all-cash offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with its thinking said on Wednesday. Liberty Global , which owns Unity Media, Germany's No. 2 cable operator, made an 85-euros-a-share offer on Tuesday, two people familiar with the matter said, just days after sources said Vodafone had offered 81-82 euros a share or 7.2 billion euros ($9.6 billion) in cash. ...
- Leasing firm CIT orders 30 Boeing 737 MAX planesPARIS (Reuters) - Boeing has won an order for 30 of its 737 MAX 8 aircraft worth $3 billion at list prices from leasing firm CIT Group , the two companies said at the Paris Airshow on Wednesday. The deal comprises 10 new aircraft and the conversion of 20 existing 737 orders, with deliveries due in 2019 and 2020, CIT said. It came two days after Boeing announced 737 MAX orders from SkyMark Airlines and TUI Travel . CIT is also "seriously looking" at the 787-10 aircraft that Boeing launched on Tuesday, said Jeff Knittel, president of transportation finance at CIT. ...
- Airbus wins A350 order from Air France-KLMPARIS (Reuters) - Airbus sealed a long-awaited order for 25 A350-900 aircraft from Air France-KLM worth $7.2 billion at list prices after Rolls-Royce and the airline reached a deal over engine maintenance. The airline also took a further 25 options on the planes, the companies said at the Paris Airshow on Wednesday. Industry sources had told Reuters on Tuesday the carrier was about to announce the deal after talks narrowly avoided collapse. ...
- Softbank closer to acquiring Sprint after Dish abandons bid for nowBy Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week. SoftBank Chief Executive Masayoshi Son is now a step closer to sealing the largest overseas acquisition by a Japanese company in history, after winning support from a key shareholder by raising SoftBank's offer to $21.6 billion from $20.1 billion last week. ...
- Fed seen keeping options open on pace of bond buyingBy Alister Bull WASHINGTON (Reuters) - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve. Economic data since the 19 officials met in May has been mixed. Employment growth was steady and consumers kept spending despite the drag of tax hikes and government spending cuts. But inflation slowed further beneath the Fed's 2 percent target. ...
- China's Wanda aims to launch $1 billion NY hotel project this year: chairmanBEIJING (Reuters) - Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, Chairman Wang Jianlin said on Tuesday. The company is now in talks with potential partners for construction of a Wanda hotel and an adjacent apartment building in New York, Wang told Reuters. "It will be announced this year, probably in the third quarter if everything goes smoothly," he said in an interview in his Beijing headquarters overlooking the Chinese capital's busiest boulevard. ...
- German cartel court takes on Porsche lawsuit: sourceBERLIN (Reuters) - A German court has assigned an investor lawsuit seeking about 2 billion euros ($2.7 billion) in damages from Porsche SE to a court specializing on cartel matters, a person familiar with the matter told Reuters. The regional court in Braunschweig, Germany, will delegate the case, brought by U.S. investment funds, to a Hanover-based court specializing in cartel matters, the source said on Wednesday on condition of not being identified because the matter is confidential. The court declined to comment. ...
- Asia business sentiment rises in second quarter, global growth risk still dominatesBy Miyoung Kim SEOUL (Reuters) - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows. The Thomson Reuters/INSEAD Asia Business Sentiment Index climbed six points to 71 in June, its highest level in five quarters and the third consecutive quarterly rise. A reading above 50 indicates a generally positive outlook. ...
- Tata Motors upgrades existing cars as rivals launch new productsBy Aradhana Aravindan PUNE, India (Reuters) - India's Tata Motors on Wednesday launched eight upgrades of existing models, including a CNG-fuelled version of its low-cost Nano, but said little about plans for completely new vehicles to help reverse sliding car sales in India. In recent quarters, strong performance at its luxury Jaguar Land Rover unit has helped compensate for weak passenger car sales at home, where Tata is losing market share to rivals Hyundai Motor Co and Maruti Suzuki , which last year launched its successful Ertiga multi-purpose vehicle. ...
- Shares choppy, dollar steady as Fed meets
