LONDON (Reuters) – The euro was near a year low and on course for a fourth week of falls on Friday ahead of what was expected to be another stodgy euro zone inflation reading, and as tensions with Russia over Ukraine kept the region on edge.
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Euro sags ahead of inflation test, Ukraine nerves weigh
SOFIA (Reuters) – Depositors at Bulgaria’s Corporate Commercial Bank (Corpbank) may get partial access to their funds at the troubled bank in September, Interim Finance Minister Rumen Porozhanov said on Friday.
Bulgaria may let Corpbank depositors get partial access to accounts
KUALA LUMPUR (Reuters) – Malaysia Airlines , the country’s loss-making flag carrier, will cut 30 percent of its workforce as part of a sweeping restructuring that will cost 6 billion ringgit ($1.90 billion), majority investor Khazanah Nasional [KHAZA.UL] said.
Malaysia Airlines to cut 6,000 jobs, de-list in $1.9 billion restructuring
MILAN (Reuters) – Fiat said on Friday its merger with Chrysler was on track to go ahead as planned in October since it did not expect a 500 million euro ($658.3 million) cap on the money it set aside to pay off any dissenting shareholders would be breached.
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Fiat says exit rights exercise won’t jeopardize Chrysler merger
BERLIN (Reuters) – Pilots at Lufthansa’s Germanwings started a six-hour strike on Friday, disrupting the travel plans of thousands of people returning from summer holidays, applying pressure on Lufthansa management in their dispute over a pension scheme.
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Germanwings pilots start strike as Lufthansa row rumbles on
SHANGHAI (Reuters) – Chinese fund managers will cut the proportion of their portfolios invested in stocks over the next three months, following July’s upward trend, as hopes for a quick economic recovery falter, a Reuters poll shows.
China funds cut suggested equity allocations as hopes for recovery evaporate: Reuters poll
NEW YORK (Reuters) – Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.
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Exclusive: Morgan Stanley plans natural gas export plant in new commodities foray
BEIJING (Reuters) – China’s Dalian Wanda group and Tencent Holdings Ltd said on Friday they would set up a 5 billion yuan ($814 million) e-commerce joint venture with Baidu Inc , as the firms push into the high-growth e-commerce sector.
China’s Wanda, Tencent, Baidu to set up $814 million e-commerce company
TOKYO (Reuters) – Asian shares slumped on Friday, after flaring Ukraine tensions spoiled investor risk appetite and bolstered the safe-haven yen.
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Asian shares slump as Ukraine tensions flare
TOKYO (Reuters) – Japanese household spending fell much more than expected and factory output remained weak in July after plunging in June, government data showed, suggesting that soft exports and a sales tax hike in April may drag on the economy longer than expected.
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Japan household spending slumps, output flat as tax pain persists
BOSTON (Reuters) – An influential U.S. financial services industry group that shares information about cyber threats has said it is unaware of any “significant” cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase & Co and other banks.
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U.S. banking group says unaware of any ‘significant’ cyber attack
KUALA LUMPUR (Reuters) – Shares in Malaysia Airlines (MAS) will be suspended on Friday ahead of a material announcement.
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Malaysia Airlines shares suspended pending announcement
BRUSSELS/FRANKFURT (Reuters) – If euro zone inflation falls deeper into the ‘danger zone’ as expected on Friday, it will at the very least complicate the European Central Bank’s plans to wait and see whether its recent policy move to ignite the euro zone economy will work.
Vanishing euro zone inflation seen intensifying ECB policy headache
NEW YORK (Reuters) – Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
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Bank of America seeks to void verdict in $1.27 billion ‘Hustle’ case
NEW YORK (Reuters) – A Manhattan federal judge has dismissed a 12-year-old lawsuit accusing Ford Motor Co and IBM Corp of encouraging human rights abuses in apartheid-era South Africa, reluctantly concluding that the case does not belong in U.S. courts.
Ford, IBM win dismissal of 12-year lawsuit over apartheid abuses