SNB Sees Signs of Possible Housing Market Slowdown in 2Q
The Swiss National Bank Monday said it will refrain for now from asking banks to build up more capital to protect them from the effects of a sudden collapse in the Swiss housing market, after signs of a possible slowdown in Swiss residential mortgage and real estate markets during the second
Alstom Receives Power Grid Contract Worth EUR400 Million in India
Alstom SA (ALO.FR), a French manufacturer of power turbines and trains, said Monday it obtained a 400-million-euro ($500 million) contract from Power Grid Corp. of India Ltd. (532898.BY) to provide transmission lines between several regions in central and northern India.
Hyundai Motor Union Plans Strikes for Aug 28-30
Unionized workers at Hyundai Motor Co. (005380.SE) plan to go on strike for three days this week, the labor union said Monday, increasing the pressure on the country's largest car maker in a continuing dispute over wages and working conditions.
Low Rainfall Could Halve West Australia's Wheat Crop
Low rainfall could halve the wheat crop in Australia's largest wheat exporting state in the 2012-13 crop year, according to forecasts by one of Australia's largest banks, hurting farmers at a time when world grain prices have shot up to near record peaks.
European Stocks Seen Flat Ahead of Ifo Index
European stocks are set to open flat at the start of a week that begins with Germany's Ifo index of German business sentiment Monday and ends with the Jackson Hole symposium, where both Federal Reserve Chairman Ben Bernanke and European Central Bank President Mario Draghi will be speaking.