| | | LONDON (Reuters) - European shares crept higher on Monday after weak factory data highlighted the poor health of the global economy, keeping alive talk of fresh stimulus from major central banks. | | | | | | JACKSON HOLE, Wyoming (Reuters) - Increasing political encroachment on the Federal Reserve, particularly from the Republican Party, could threaten the central bank's hard-won independence and undermine confidence in the nearly 100-year old institution. | | | | | NEW YORK (Reuters) - United Steelworkers said on Sunday it reached a tentative agreement with U.S. Steel on a three-year labor contract for more than 16,000 workers employed at the company's U.S. facilities. | | | | | | | DUBAI (Reuters) - The Middle East will be an important growth area in coming years for investment banks, including Barclays , as local wealth funds put their oil dollars to work buying European assets, a senior executive at the British bank said. | | | | | | | BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble rejected on Monday a European Commission plan to give the European Central Bank sweeping powers to monitor all euro zone banks, saying it should instead focus only on systemically important institutions. | | | | | | | LONDON (Reuters) - Shareholders in Royal Bank of Scotland are in talks with litigation funds with a view to launching a formal 3.3 billion pound ($5.24 billion) fund lawsuit against the bank, the Times reported on Monday. | | | | | BERLIN (Reuters) - Germany's Constitutional Court holds the fate of the euro in its hands when it rules next week on whether a crucial euro zone financial rescue fund can go ahead. | | | | | (Reuters) - China's policy of requiring all foreign car makers to form local joint ventures is "like opium" for Chinese firms and is failing to foster world-class indigenous automakers, a former minister was quoted as saying. | | | | | | BEIJING (Reuters) - China's vast manufacturing sector has been badly hit by slowing new orders, two complementary surveys showed, a sign that the pace of growth in the world's second-largest economy will weaken well into the third quarter and possibly beyond. | | | | | | LONDON (Reuters) - The euro zone manufacturing sector contracted faster than previously thought last month, despite factories cutting prices, as core countries failed to provide any support, a survey showed on Monday. | | | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | » MORE NEWSLETTERS | |
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