Volkswagen won’t join China discount battle “at any price” – COO
BERLIN (Reuters) -Volkswagen will not participate in a discount battle in China “at any price”, Chief Operating Officer Ralf Brandstaetter…
Europe
Italy Q1 GDP revised up to 0.6% q/q, 1.9% y/y -ISTAT
ROME (Reuters) – Italy’s economy rose 0.6% in the first quarter, boosted by strong domestic demand, national statistics bureau ISTAT said on…
French finance minister sticks to 1% growth outlook despite risks
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday he was sticking to a forecast of 1%…
Exclusive-Credit Suisse axes China bank plan to avoid regulatory conflict under UBS-sources
By Engen Tham, Summer Zhen and Selena Li HONG KONG/SHANGHAI (Reuters) -Credit Suisse has scrapped plans to set up a…
Seven arrested as part of IS financing probe in Germany
BERLIN (Reuters) – German authorities have arrested seven suspected supporters of the Islamic State terrorist group as part of an…
French inflation eases in May to 12-month low of 6.0%
PARIS (Reuters) – French inflation cooled more than expected in May to its lowest level in a year as energy…
Opposition Turkish TV probed for ‘insulting’ election coverage
ANKARA (Reuters) – Turkey’s broadcasting watchdog has launched an inquiry into six opposition TV channels for “insulting the public” with…
Italy’s race for savers’ cash could threaten bank profits
By Valentina Za and Sara Rossi MILAN (Reuters) -Italy will launch a new bond aimed at retail investors next week,…
Marketmind: Back to data watching, with US debt bill on track
A look at the day ahead in European and global markets from Sonali Desai With the U.S. debt ceiling bill…
Australia’s central bank shuns PwC after tax plan leaks
By Lewis Jackson SYDNEY (Reuters) -The Reserve Bank of Australia will not sign any new contracts with PricewaterhouseCoopers (PwC) Australia…