Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.» Read More
Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago.
SAN FRANCISCO, May 24- Google Inc is in talks to buy Waze, an Israeli mapping start-up that has held discussions with several large technology companies, two sources familiar with the matter told Reuters on Friday.
*Group may offer between $25 mln and $30 mln for loan. DETROIT/ BEIJING, May 24- Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said this week.
*China second to U.S. in 2012 luxury retail growth. *Top brands expanding across the United States. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. market can fuel future growth, as China runs out of steam and demand in Europe sags.
VIENNA, May 24- Raiffeisen Bank International Chief Executive Herbert Stepic resigned on Friday in what he called an effort to spare his bank from negative publicity over personal property deals that triggered scrutiny by the lender and regulators.
The Chinese government is planning for private businesses and market forces to play a larger role in its economy, in a major policy shift to make China an even stronger competitor on the global stage. The NYT reports.
BRUSSELS/ HONG KONG, May 24- The European Commission rejected Chinese trade association statements that talks to resolve a dispute over allegations of dumping of solar panels had broken down, while Chinese comments highlighted risks the dispute could escalate.
HONG KONG, May 24- Hong Kong shares extended losses on Friday to fall to their lowest in almost a month as the property sector sagged over concerns that China's economic recovery may be stalling. China Vanke fell 0.8 percent in Shenzhen after testing its highest since Feb. 5 on Thursday.
HONG KONG, May 24- China shares posted their fourth-straight weekly gain on Friday, despite weakness in property developers amid concerns that the Chinese economy may be slowing. The CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.6 percent, while the Shanghai Composite Index also closed up 0.6 percent at 2,288.5 points.
*Hong Kong turnover lowest in about a month as investors remain cautious on China recovery. HONG KONG, May 24- Hong Kong shares extended losses to fall to their lowest in a month on Friday with the property sector hurt by worries of a slowdown in the Chinese economy. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.3 percent.
*Gold on track for strongest week in a month. SINGAPORE, May 24- Gold rose on Friday and stayed on track for its strongest week in a month after a U.S. Gold edged up this week as investors sought its safe-haven status after the dollar and equity markets were hit by factory data from China and the United States that showed the pace of manufacturing had slowed.
HONG KONG, May 24- Hong Kong shares are set to open flat on Friday, with PC maker Lenovo Group Ltd up 4 percent to be the top percentage gainer among Hang Seng Index components, extending gains after it reported a forecast-beating quarterly profit. The Hang Seng Index was set to open flat at 22,679.36.
HONG KONG, May 24- Hong Kong shares may start steady on Friday after the release of weak Chinese manufacturing data and signs from the Federal Reserve that it is considering reducing monetary stimulus.
*Telecom Italia puts value of network at 13- 15 bln euros. MILAN, May 23- Telecom Italia has pushed to the end of the month a decision on whether to spin off its fixed-line access network, which is proving more complex than expected due to political and regulatory considerations.
A sustained slowdown in China would rattle the sector with double-digit gaming revenue from Macau. Macau, an hour from Hong Kong by high-speed hydrofoil ferry, is a key market for casino operators such as Las Vegas Sands Corp., Wynn Resorts Ltd. and MGM Resorts International, which are investing heavily in new casino resorts.
VIENNA, May 23- Austria's central bank is to investigate personal property deals by Raiffeisen Bank International's chief executive after media reports he had made use of front companies.
LONDON/ NEW YORK, May 23- Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, suggesting it may take a while before the global economy starts to pick up steam.
LONDON, May 23- Chinese factory activity shrank in May for the first time in seven months, overshadowing signs that the euro zone's downturn tempered slightly in May, business surveys showed on Thursday. Federal Reserve Chairman Ben Bernanke, who hinted on Wednesday the Fed could soon pare back its bond-buying with new money if the economy maintains momentum.
SINGAPORE, May 23- Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rocked Asian markets on Thursday, took the dollar to three-year highs, sent share markets lower, and hit the Japanese government bond market as yields rose to their highest in a year.
HONG KONG, May 23- Hong Kong shares suffered their worst daily loss in seven weeks on Thursday after a preliminary private survey suggested manufacturing activity in China contracted in May for the first time since October.