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Monday, January 20, 2014

Before the Bell: China cheer muted as Deutsche Bank sets European nerves jangling

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01/20/2014
 
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China cheer muted as Deutsche Bank sets European nerves jangling
LONDON (Reuters) - Big losses for Germany's biggest bank meant European markets started the week on a sour note on Monday as slightly better than expected Chinese data failed to dispel a general air of caution.
Brewer AB InBev grows in Asia with $5.8 billion Korea return
HONG KONG/BRUSSELS (Reuters) - Anheuser-Busch InBev SA, the world's biggest brewer, agreed to buy back South Korea's Oriental Brewery Co Ltd (OB) for $5.8 billion including debt, returning to a large Asian market at a time of strong industry growth across the region.
Google set to face Intellectual Ventures in landmark patent trial
SAN FRANCISCO (Reuters) - Intellectual Ventures is set to square off this week against Google Inc's Motorola Mobility unit in the first trial that the multibillion-dollar patent-buying firm has undertaken since it was founded.
China central bank offers emergency funds to banks amid latest cash squeeze
BEIJING/SHANGHAI (Reuters) - China's central bank has provided emergency funding support to commercial banks and will add more cash on Tuesday, as authorities respond to a spike in cash rates ahead of a major holiday, the bank announced on Monday.
Regulators start work on new bank asset valuation rule
LONDON (Reuters) - Global regulators are planning the world's first common rule within three years to value hard-to-price assets held by banks after unexpected revisions have unsettled investors, the man overseeing the plan told Reuters.
South Africa minister warns on economy as mines face strike threat
JOHANNESBURG (Reuters) - South Africa's ailing economy cannot afford more mine labor unrest, Finance Minister Pravin Gordhan said on Monday, as the platinum industry's main trade union served notice on the world's top three producers that it planned to strike this week.
Toyota may rethink Thai investment plans if crisis lingers
BANGKOK (Reuters) - Toyota Motor Corp may reconsider investing up to 20 billion baht ($609 million) in Thailand, and could even cut production, if political unrest drags on, the head of the Japanese automaker's local unit said on Monday.
Deutsche Bank warns of challenges ahead after surprise loss
FRANKFURT (Reuters) - Deutsche Bank shares tumbled on Monday following a surprise fourth-quarter loss due to a steep drop in debt trading revenues and heavy litigation and restructuring costs that prompted the bank to warn of a challenging 2014.
Russia to support domestic car industry with subsidies
MOSCOW (Reuters) - Russia plans to support its struggling auto industry with subsidies of up to 271 billion roubles ($8 billion) in the three years to 2016, the government said.
GECAS may order 40 Boeing 737s worth $4 billion: sources
DUBLIN (Reuters) - GECAS, the world's largest aircraft leasing company, is close to placing an order for around 40 Boeing medium-haul jets, industry sources said on Monday.
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