Newsletter BOX: Before the Bell: Factory growth buoys shares as Syria risk eases for now

09/2/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Factory growth buoys shares as Syria risk eases for now

LONDON (Reuters) - A delay in potential U.S. military action in Syria and improving economic data from China and Europe lifted world share markets on Monday and sent the safe-haven Japanese yen lower.

Exclusive: Qatar bolstering wealth fund team to diversify portfolio - sources

DUBAI (Reuters) - Qatar's sovereign wealth fund, one of the world's most aggressive investors, is hiring senior bankers and industry executives to lessen the fund's reliance on Europe and diversify its investment portfolio, sources familiar with the plan said.

Verizon poised for historic $130 billion Vodafone deal

LONDON (Reuters) - Verizon Communications was poised on Monday to take full control of its U.S. wireless business with a $130 billion deal to buy out Vodafone and end a decade-long corporate stand-off.

Central Europe factory jump shows recovery gaining pace

PRAGUE (Reuters) - Factories across central Europe reported growth in output and new business in August, a recovery in the region gaining strength in the wake of an improving German economy.

Portugal's BCP to keep 'core' Polish bank after EU approves revamp

LISBON (Reuters) - The European Commission has approved a restructuring plan for Portuguese lender Millennium BCP , including the future sale of its Romanian operation and Greek assets while retaining its profitable Polish arm.

Regulators ease derivatives rule to avoid harming economy

LONDON (Reuters) - Global regulators have eased the impact of new rules designed to make the $630 trillion derivatives market safer as they seek to avoid too-tight controls on the sector that some banks argue could harm economic recovery.

Falling Indian factory activity adds to rupee's woes

MUMBAI (Reuters) - The Indian rupee remained frail after last week's record low, as pessimism generated by dismal economic growth data was compounded on Monday by survey showing factory activity in August shrank for the first time in over four years.

Ackermann feared suicide would thwart Zurich performance drive

FRANKFURT (Reuters) - Josef Ackermann resigned because he saw the suicide of Zurich Insurance Group's finance chief curbing his ability to drive through change to revive profits, a source close to the former chairman said on Sunday.

Everbright pain seen as industry gain as investors look to bright side

SHANGHAI (Reuters) - Chinese brokerage Everbright Securities has been hit by falling shares, record fines and executive resignations following a massive trading scandal, but investors are hopeful the incident will herald better risk controls.

BOJ to hold policy, debate emerging market risks

TOKYO (Reuters) - The Bank of Japan may hold off on declaring the world's third-largest economy has cemented its recovery at a policy review this week as it waits to see the fallout on activity from slowing growth and capital outflows in emerging nations.