WASHINGTON/NEW YORK (Reuters) - U.S. manufacturing grew at its slowest pace in 11 months in June and the number of Americans filing new applications for unemployment aid fell only slightly last week, further evidence the economy was weakening.
Reuters
Carlyle in talks to refinance $1.9 billion Coates Hire debt: sources
HONG KONG (Reuters) - U.S. private equity fund Carlyle Group is in talks with banks to refinance A$1.9 billion ($1.9 billion) in loans used to buy out Australian equipment hire company Coates Hire Ltd, two sources familiar with the matter told Reuters.
Moody's cuts ratings of 15 banks
CHARLOTTE, N.C./LONDON (Reuters) - Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking.
European stocks fall, dollar up on data misery
LONDON (Reuters) - Oil briefly traded at its lowest in 18 months and European stocks fell on Friday, while the safe-haven dollar rose as weak German and U.S. data and a downgrade to some of the world's major banks unnerved investors.
Rosneft in talks to join Exxon in Iraq
MOSCOW (Reuters) - Russia's top crude oil producer, Rosneft , has been in talks with ExxonMobil about teaming up with the U.S. group to tap Iraq's huge West Qurna-1 oilfield, Kommersant daily reported on Friday.
BHP looks to slice iron ore expansion plan
MELBOURNE (Reuters) - BHP Billiton is likely to cut the first stage of its estimated $10 billion iron ore port expansion in half, analysts and investors said, as it looks to slash capital spending due to rising costs and an uncertain market outlook.
Investors cast doubt on "end of world" hedge strategies
LONDON (Reuters) - Hedge fund investors have voiced their concerns about complex funds designed to protect against major market meltdowns, just as fears of a break-up of the euro zone have spurred huge interest in these products.
Adidas eyes Crossfit workout for lacklustre Reebok
WARSAW (Reuters) - Adidas will use a tough keep-fit trend and retro products to grow sales at Reebok to 3 billion euros ($3.8 billion) by 2015, after the unit was hit by a fraud scandal in India and the loss of its NFL American football contract, its CEO said.
Deutsche Bank mulls more cost cuts: paper
FRANKFURT (Reuters) - Deutsche Bank is considering additional cost cutting measures, co-chief executives Anshu Jain and Juergen Fitschen told Frankfurter Allgemeine Zeitung in a joint interview published on Friday.
Stock index futures rise; banks in focus
PARIS (Reuters) - Stock index futures pointed to a higher open on Wall Street on Friday, with futures for the S&P 500 up 0.45 percent, Dow Jones futures up 0.25 percent and Nasdaq 100 futures up 0.4 percent at 0916 GMT.
