German yields drop as weak U.S. jobs data turn up heat on ECB LONDON, Oct 2- German Bund yields fell to four-month lows on Friday after weaker-than-expected U.S. jobs data heightened pressure on the European Central Bank to expand its bond-buying stimulus programme. The weaker U.S. outlook deepened worries about the economic slowdown in China and stirred questions about prospects for another economic giant, the euro...
| By: Lisa Barrington
German yields fall as weak U.S. jobs data put pressure on ECB LONDON, Oct 2- German Bund yields fell to four-month lows on Friday after weaker-than-expected U.S. jobs data heightened pressure on the European Central Bank to expand its bond-buying stimulus program. The weaker U.S. outlook deepened worries about the economic slowdown in China and stirred questions about the prospects for another economic giant, the euro...
| By: Lisa Barrington
SuperValu CEO Duncan to retire in February NEW YORK- The CEO of SuperValu who was credited with stabilizing the grocery as it suffered under intense competition is retiring. Sam Duncan, 63, was named president and CEO in February 2013 following the sale of five of SuperValu's grocery brands, including Albertson's, Acme, Shaw's, Star Market stores, and Jewel-Osco. SuperValu chose to focus on core stores...
Source: The Associated Press
Supermarket chain Albertsons IPO to price at $23-26/shr Oct 1- Albertsons Companies Inc, the second-largest U.S. grocery chain after Kroger Co, said it expected its initial public offering to price between $23 and $26 per share, valuing the company at up to $12.35 billion. The company is selling 65.3 million shares in the IPO and expects to raise up to $1.7 billion, it said in a regulatory filing on Friday.
WRAPUP 1-Global economy loses steam as Chinese, European factories falter BENGALURU/ SYDNEY, Oct 1- The world economy lost momentum in September, with China's vast factory sector shrinking again and euro zone manufacturing growth weakening slightly, both casualties of waning global demand. "The data probably increases the case for more stimulus in certain parts of the world, especially from the People's Bank of China and the European...
Will the ECB extend QE? Have financial markets priced a potential extension to the European Central Bank's quantitative easing program? Philip Shaw, chief economist at Investec, discusses.
UPDATE 1-UK budget deficit widens unexpectedly, factory orders fall *UK Aug budget deficit 12.1 bln pound, vs 9 bln forecast. LONDON, Sept 22- Britain's public finances deteriorated unexpectedly last month, recording their worst August in three years, and a decline in industrial orders signaled that a global slowdown is hitting the country's economy. Britain's headline measure of public borrowing rose to 12.1 billion pounds in...
| By: David Milliken and Ana Nicolaci da Costa
UPDATE 1-Carl Icahn raises stake in Cheniere Energy to 9.6 pct BOSTON/ NEW YORK, Sept 14- Activist investor Carl Icahn, already the biggest investor in Cheniere Energy Inc, on Monday said he raised his stake in the liquefied natural gas company to 9.6 percent less than one month after two Icahn directors were appointed to the company's board. Last month, only weeks after Icahn disclosed his stake and said he wanted to talk to...
| By: Svea Herbst-Bayliss and Jonathan Stempel