German economic fears growing but Merkel strong

BERLIN (AP) — Ordinary Germans are spooked about the future. Businesses are starting to see black clouds on the horizon. And an economy that has been the envy of Europe is showing cracks, shrinking unexpectedly last quarter amid the conflict … Continue reading


Filed under Financial | Tagged , , , , |

Alibaba profit more than Amazon, EBay combined ahead of IPO

Alibaba Group Holding Ltd. has been described as a mixture of Amazon.com Inc. and EBay Inc. (EBAY) during the preparation for its U.S. initial public offering. In the last quarter, Alibaba earned more than those companies combined. Operating income at … Continue reading


Filed under Financial | Tagged , , , , |

JPMorgan hack spanned months via multiple flaws

Hackers burrowed into the databanks of JPMorgan Chase Co. and deftly dodged one of the world’s largest arrays of sophisticated detection systems for months. The attack, an outline of which was provided by two people familiar with the firm’s investigation, … Continue reading


Filed under Financial | Tagged , , , , |

Special Report: The billion-dollar fall of the house of Espirito Santo

LISBON (Reuters) – On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Salgado signed two letters to Venezuela’s state oil company, which had bought $365 … Continue reading


Filed under Business | Tagged , , , |

Major Carlsberg shareholder cuts stake

COPENHAGEN (Reuters) – The largest fund shareholder in Carlsberg (CARLb.CO), which has proven vulnerable to deteriorating conditions in Russia and has lowered its 2014 guidance, has cut its stake in the company by a quarter, the brewer said on Friday. … Continue reading


Filed under Business | Tagged , , , |

Euro lifts, shares drift as ECB easing bets wane

LONDON (Reuters) – The euro lifted off its lows and the region’s shares sagged on Friday as a new five-year low in euro zone inflation was viewed as not extreme enough to force the European Central Bank back into its … Continue reading


Filed under Business | Tagged , , , |

Disappearing euro zone inflation set to heighten ECB concerns

BRUSSELS/FRANKFURT (Reuters) – Euro zone inflation dropped to a fresh five-year low in August, data showed on Friday, something likely to concern the European Central Bank but not force it into immediate policy action. Consumer prices in the 18 countries … Continue reading


Filed under Business | Tagged , , , |

Draghi dials R for Reform. Line is busy

FRANKFURT (Reuters) – Two years ago, euro zone government leaders hung on Mario Draghi’s every word. Now the European Central Bank chief is struggling to get through to them. What has happened to ‘Super Mario’s’ mojo? For financial markets, Draghi’s … Continue reading


Filed under Top Stories | Tagged , , , , , |

Tragedy-hit Malaysia Airlines to lose 6,000 jobs in bold revamp

KUALA LUMPUR (Reuters) – Malaysia Airlines (MASM.KL) (MAS) will slash nearly a third of its 20,000 workforce and cut back its global route network as part of a radical 6 billion ringgit ($1.9 billion) restructuring following the devastating impact of … Continue reading


Filed under Top Stories | Tagged , , , , , |

U.N. says 43 Golan peacekeepers seized by Syria militants, 81 trapped

UNITED NATIONS (Reuters) – Militants fighting the Syrian army have detained 43 U.N. peacekeepers in the Israeli-occupied Golan Heights and trapped another 81 in the region, and the world body is working to secure their release, the United Nations said … Continue reading


Filed under Top Stories | Tagged , , , , , |

Separatists say will allow ‘trapped’ Ukrainian forces to withdraw

MOSCOW/DONETSK Ukraine (Reuters) – Pro-Moscow rebels fighting in Ukraine said on Friday they would comply with a request from the Kremlin and open up a ‘humanitarian corridor’ to allow the withdrawal of Ukrainian troops they have encircled. It was not … Continue reading


Filed under Top Stories | Tagged , , , , , |

Obama on ISIL: ‘We don’t have a strategy yet’

Declaring “we don’t have a strategy yet,” President Obama poured cold water Thursday on talk that he was poised to order imminent U.S. military strikes on fighters of the Islamic State of Iraq and the Levant (ISIL) in Syria. “My … Continue reading


Filed under Politics | Tagged , , , |