Factory growth picks up in China, slips in Europe

Surging domestic demand helped manufacturing growth in China and Russia pick up speed in August, according to business surveys on Wednesday that conversely showed a slowing recovery in European factories. Purchasing managers

Citi creates global family wealth unit-memo

Citigroup's private banking arm has set up a global unit to target family offices, organisations that manage the financial affairs of rich dynasties, according to an internal memo seen by Reuters. Citi