GO
Loading...

Wires

More

  • BEIJING, March 1- Activity in China's factory sector contracted for a second straight month in February on unsteady exports and slowing investment, an official survey showed on Sunday, reinforcing bets that more policy loosening is needed to lift the economy. Accounting for 48 percent of China's $10.2 trillion economy last year, the services sector has...

  • BRIEF- CHINA FEBRUARY OFFICIAL SERVICES PMI RISES TO 53.9. *China February official services PMI rises to 53.9 versus January 53.7. To read the full story click.

  • BEIJING, March 1- Activity in China's factory sector contracted for a second straight month in February, according to an official survey released on Sunday, only hours after the Chinese central bank cut interest rates to try to boost slowing momentum. A housing slump, erratic export performance and a state-led slowdown in investment to help restructure...

  • TABLE-South Korea Feb exports fall 3.4 pct yr/yr Saturday, 28 Feb 2015 | 7:05 PM ET

    SEOUL, March 1- Following are South Korea's preliminary export and import figures for February, released by the Ministry of Trade, Industry and Energy on Sunday:. FEB* JAN Balance 7.7 5.4 Exports 41.5 45.2 -3.4 -0.7 Imports 33.8 39.8 -19.6 -11.0* Revised figures released on Feb. 13. NOTES:- Reuters poll: Exports were seen down 1.8 percent in February over a year earlier...

  • LONDON, March 1- More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis. This increased scrutiny also follows weaknesses in vetting exposed by problems at the Co-Op Bank, where the former chairman, Paul Flowers, was waved through in 2010 despite disclosing...

  • CARACAS, Feb 28- Venezuelan President Nicolas Maduro said on Saturday his government had captured American citizens involved in "espionage activities," and said U.S. citizens in the future will have to seek visas to come to the OPEC nation. Speaking during a rally, he said his government will prohibit some U.S. officials from entering Venezuela in retaliation for...

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • GE to demolish a vacant buildings on Fort Wayne campus Saturday, 28 Feb 2015 | 5:46 PM ET

    FORT WAYNE, Ind.— General Electric plans to begin demolishing one of its 13 vacant buildings on its 32- acre campus in Fort Wayne in the next few weeks but hasn't decided what to do with the other 12 buildings or the iconic lighted sign that sits atop one of them. GE is discussing options with the city of Fort Wayne about the property, Conkrite said.

  • Under the proposed settlement, Basic Research will pay a refund of $25 per box after being sued by law firms on behalf of consumers who purchased the product called Akavar beginning in 2007.. A Basic Research representative didn't respond to requests for comment. In 2007, a proposed class-action lawsuit was filed in U.S. District Court in Utah against Basic...

  • Russians to march in memory of murdered critic of Putin Saturday, 28 Feb 2015 | 5:10 PM ET

    MOSCOW, March 1 ( (Reuters)- Opposition supporters will march through Moscow on Sunday in memory of Kremlin critic Boris Nemtsov, whose murder has increased concern about Russia's future among opponents of President Vladimir Putin. Putin's opponents say such suggestions show the cynicism of Russia's leaders as they whip up nationalism, hatred and...

  • In the 84- year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large- 751,000 times its original net worth per share- that the future pace of gains "will not come close" to those of the past. "I think Berkshire will outperform the average American company, but our advantage, if any, won't be great." Buffett, also addressing one...

  • MEXICO CITY, Feb 28- A Mexican meat processing firm has become the first international company to get approval for an investment project in Cuba's first special economic development area, Mexico's foreign ministry said on Saturday. News of the investment follows December's agreement between the United States and Cuba to restore diplomatic ties after more...

  • Silicon Valley shuttle drivers vote to unionize Saturday, 28 Feb 2015 | 4:36 PM ET

    SAN FRANCISCO— Shuttle drivers employed who ferry tech workers between Silicon Valley and San Francisco have voted for union representation. The San Francisco Chronicle reported that drivers working for Compass Transportation voted 104-38 in favor of joining the Teamsters union Friday. The company drives workers to Apple, Yahoo, eBay, Zynga and Genentech.

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • If Greece doesn't stick to that, there will be no further aid, "Schaeuble said according to the pre-publication extract. He said a Grexit was not the desired outcome and nobody had forced a bailout upon Greece so the ball was in Athens' court. Greek Prime Minister Alexis Tsipras denied on Friday that Greece would need another international bailout.

  • BERLIN, Feb 28- German Finance Minister Wolfgang Schaeuble told a German newspaper he was sure the Greek government would be able to fulfil the conditions attached to its bailout but warned that it would receive no further aid if it did not keep its promises. "The new Greek government has a lot of legitimacy with the population. If Greece doesn't stick to that, there...

  • NEW YORK, Feb 28- Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average. In his annual letter to shareholders, Buffett on Saturday said Berkshire's huge balance sheet gives him the power to...

  • Feb 28- Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday, telling them the group had found his successor. >Warren Buffett says Berkshire has' right person' as heir. >Berkshire Hathaway net falls, operating profit rises.

  • AP Interview: Greece's repayments to ECB need discussion Saturday, 28 Feb 2015 | 12:48 PM ET

    ATHENS, Greece— Greece will prioritize debt repayments to the International Monetary Fund, some of which come due in March, but repayments to the European Central Bank are "in a different league" and will need discussion with Greece's creditors, the country's finance minister said Saturday. In an interview with The Associated Press, Yanis Varoufakis also said...

  • ATHENS, Greece— Finance Minister: Greece to seek talks on debt rescheduling while working on reforms.