Newswire

  • Newswire

    BRIEF-U.S. Business borrowing to buy new equipment for July down 13 pct from June - Elfa  

    Aug 22 (Reuters) - * U.S. Business borrowing to buy new equipment for July down 13 pct from June - Elfa * U.S. Business Borrowing To Buy New Equipment For July $7.8 Bln, Up 8 Pct From Last Year - Elfa...More
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    INSIGHT-Brazil's slump hits job market as election approaches  

    By Brad Haynes and Silvio Cascione SAO PAULO/BRASILIA, Aug 22 (Reuters) - Many of Brazil's biggest retailers, homebuilders and carmakers are cutting jobs as Latin America's largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff's re-election bid. For years, low unemployment was key to Brazil's emergence as an economic power and important gains in the fight against poverty....More
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    GM opens IT center in Phoenix, Arizona  

    Aug 22 (Reuters) - General Motors Co said it opened a fourth IT center in the United States in Phoenix, Arizona as it aims to improve performance and cut operational costs. The automaker said it expects to hire 1,000 employees at the center over the next five years. It already has about 500 employees at the site. GM's three other IT centers are in Warren, Michigan, in Austin, Texas and in Roswell, Georgia. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Savio D'Souza)...More
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    GM reviewing timing of Russia plant expansion  

    MOSCOW, Aug 22 (Reuters) - General Motors Co said on Friday it was reviewing the timing of the expansion of its Russian plant near St Petersburg because of a slump in the auto market. The company opened the $300 million plant in 2008 and planned to launch the second stage in 2015. The plant currently makes Chevrolet Cruze, Opel Astra, and Chevrolet Trailblazer models....More
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    UPDATE 1-Motor racing-Hamilton gives Rosberg the Spa treatment  

    * Hamilton fastest in Spa practice * Formula One leader Rosberg second on timesheets * Maldonado crashes (Adds second session) By Alan Baldwin SPA-FRANCORCHAMPS, Belgium, Aug 22 (Reuters) - Lewis Hamilton lapped six tenths of a second faster than Mercedes team mate Nico Rosberg in a twice halted Belgian Grand Prix practice session on Friday....More
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    Motor racing-Rosberg leads Hamilton in Belgian practice  

    By Alan Baldwin SPA-FRANCORCHAMPS, Belgium, Aug 22 (Reuters) - Formula One leader Nico Rosberg set the fastest time in opening Belgian Grand Prix practice on Friday after renewing his duel with Mercedes team mate and title rival Lewis Hamilton. Returning refreshed from the August break, Rosberg set a best time of one minute 51.577 seconds around the classic Ardennes circuit....More
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    UPDATE 1-China regulators says Qualcomm seeks to end anti-trust probe  

    (Adds details, background) BEIJING, Aug 22 (Reuters) - China's pricing regulator said on Friday U.S. chipmaker Qualcomm Inc was seeking to end an investigation into monopoly practices and had expressed willingness to improve and correct pricing issues. The National Development and Reform Commission (NDRC), in a statement on its website, said its officials had met on Thursday with a delegation from Qualcomm which included company President Derek Aberle....More
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    Affinity, CVC may bid for S.Korea's KT Rental in near $800 mln sale -sources  

    SEOUL/HONG KONG, Aug 22 (Reuters) - Private equity firms Affinity Equity Partners and CVC Capital Partners are among potential bidders for South Korea's No. 1 car rental company, KT Rental, in a sale expected to fetch around 800 billion won ($786 million), people familiar with the matter said on Friday....More
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    BRIEF-Autoneum Holding signs new 150 million CHF syndicated loan  

    Aug 22(Reuters) - Autoneum Holding AG * Says has signed new 150 million CHF revolving loan with syndicate of ten banks * Says loan agreement replaces existing long-term credit facilities agreement of 130 million CHF, which expires on December 31 * Says at the same time, two subordinated loans for 12.5 million CHF each were repaid ahead of schedule to principal shareholders Source text for Eikon: [http://bit.ly/1oXtDR6] Further company coverage:...More
  • Newswire

    Italy - Factors to watch on August 22  

    The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). DEBT The Treasury said on Thursday it would offer up to 3 billion euros of zero coupon bonds (CTZ) at its regular end-month auction on Aug. 26. The Treasury will offer: 2.5-3 billion euros of a new CTZ bond maturing on Aug. 30, 2016....More
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