UPDATE 2-Luxottica overhauls management as CEO Guerra steps down

* CFO becomes co-CEO, headhunting for other one (Adds comments)

Stocks, Markets, 5:06pm EDT

Peru's central bank sees room for more expansive monetary policy -newspaper

LIMA, Sept 1 - The president of Peru's central bank said on Monday that a surprise inflationary slowdown in August had carved out extra space for more expansive monetary policies, a local newspaper reported.

Markets, 4:20pm EDT

Hollande, Draghi agree on threat of deflation - official

PARIS, Sept 1 - French President Francois Hollande and European Central Bank chief Mario Draghi agreed on Monday that deflation and weak growth were threatening the European Union's economy, an official in the president's office said.

2:30pm EDT

UPDATE 2-South Africa's JD Group to sell finance arm, flags full-year loss

JOHANNESBURG, Sept 1 - South African furniture retailer JD Group flagged a hefty full-year loss on Monday and said it would sell its finance arm, having been hit by its exposure to consumer debt in Africa's most developed economy.

1:49pm EDT

China-CEE, Israeli Enlight to invest $406 mln in Polish wind farms

WARSAW, Sept 1 - The China-CEE Fund and Israel-listed Enlight Renewable Energy said they would invest up to 1.3 billion zlotys ($406 million) to buy control of two Polish wind projects totalling 250.5 megawatts in installed capacity.

Private Capital, 1:20pm EDT
Berkshire Hathaway Inc $205,880.00 +0.90%
Wells Fargo & Co $51.44 +0.57%
JPMorgan Chase & Co $59.45 +0.49%


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