Business News Headlines

Factory activity in Europe, Asia cools; demand lull a concern

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BANGALORE/SYDNEY - Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed.

7:57am EDT

European investors hold nerve as Russia-Ukraine warnings ratchet up

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LONDON - European markets cautiously navigated warnings that the conflict in Ukraine was sliding out of control, focusing instead on whether the European Central Bank will strengthen its stimulus plans when it meets this week.

8:33am EDT

U.S. inflation bonds back in vogue

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NEW YORK - U.S. investors are back in the hunt for inflation protection for the first time in two years as rising housing costs - particularly for rent - suggest inflation may finally be waking from its post-recession slumber.

8:20am EDT

Central European PMIs point to slowdown as sanctions hit sentiment

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PRAGUE - Polish manufacturing activity shrank for a second straight month in August and Czech expansion slowed more than expected, adding to signs weaker euro zone economies and crisis in Ukraine are cooling growth in the EU's east.

7:03am EDT

Twenty years on, Schaeuble pleads again for core Europe

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PARIS - German Finance Minister Wolfgang Schaeuble renewed a call for a core group of European Union countries to move ahead faster with economic and political integration, 20 years after his ground-breaking proposal fell on deaf ears in key partner France.

6:14am EDT

France's Moscovici likely to get EC economic affairs role: source

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PARIS - Former French finance minister Pierre Moscovici has a "good chance" of being named to the European Commission's top economic and monetary role, according to a French diplomatic source.

9:36am EDT

Euro zone factory growth slows in August amid Ukraine tension: PMI

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LONDON, - Euro zone manufacturing growth slowed slightly more than initially thought last month as new orders dwindled and factories suffered amid rising tensions in Ukraine, a business survey showed on Monday.

4:12am EDT

Retreat in China's PMIs heightens calls for policy easing

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BEIJING - Growth in China's vast factory sector cooled in August as foreign and domestic demand slowed, two surveys showed on Monday, spurring new calls for more policy easing to prevent the economy from stumbling once more. | Video

3:06am EDT

KPMG refuses to approve BES accounts, warns of further loss

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LISBON - Auditor KPMG has refused to approve bailed-out Banco Espirito Santo's first-half report and accounts, published on Monday, citing the bank's failure to provide adequate information on its financial position and also warned of possible further losses.

7:30am EDT

China gives Microsoft 20 days to provide explanation in anti-trust probe

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BEIJING - A Chinese anti-trust regulator said on Monday it has given Microsoft Corp 20 days to reply to queries on the compatibility of its Windows operating system and Office software suite amid a probe into the world's largest software company.

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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.