Volkswagen to boost headcount by 9 percent by 2018: report
FRANKFURT (Reuters) – Volkswagen will boost its global headcount to 600,000 by 2018 from 550,000 as part of its aim to become the world’s biggest carmaker, works council chief Bernd Osterloh told a German newspaper.
Russia won’t help out Cyprus depositors, says minister
MOSCOW (Reuters) – The Russian government will not aid businesses that have lost money in Cyprus, First Deputy Prime Minister Igor Shuvalov said, underscoring Moscow’s resolve to clamp down on the flight of capital to offshore financial centers.
J.C. Penney’s home revamp is make or break for CEO Johnson
(Reuters) – It’s crunch time for J.C. Penney Co Inc Chief Executive Ron Johnson.
Asian shares ease, Easter slows trade
TOKYO (Reuters) – Asian shares and the euro fell on Monday in choppy trade with exchanges closed in several Asian markets, including Australia and Hong Kong, as well as in Europe for Easter holidays.
China March PMIs rebound, domestic demand shines
BEIJING (Reuters) – Stronger domestic demand helped China’s factory activity to rebound in March, with new orders up sharply in a sign that the underlying economic recovery is strong enough to weather any risks from patchy export performance, surveys s…
Analysis: Germany sees itself as Europe’s grown-up, children sullen
BERLIN (Reuters) – Buoyed by solid finances, roaring exports and low unemployment, Germany increasingly sees itself as the only grown-up in Europe, responsible for bringing wayward children into line to hold the family together.
Ex-Morgan Stanley manager launches Japanese equity hedge fund
TOKYO (Reuters) – A former fund manager at Morgan Stanley Asset and Investment Management launched a Japanese equity long-short hedge fund on Monday, betting on interest from overseas investors after a recent surge in Tokyo stocks.
Insight: China’s losing battle against state-backed polluters
SHANGHANG COUNTY, China (Reuters) – When Zijin Mining Group threatened to move its headquarters some 270 kms from its home county of Shanghang to Xiamen on China’s southeast coast, a local Communist Party boss rushed to confront the company’s chairman …
Panasonic unit in U.S. bribery investigation: WSJ
NEW YORK (Reuters) – A unit of Japan’s Panasonic Corp is under investigation by U.S. authorities looking at whether the company paid bribes overseas to airline employees or government officials to help land business, the Wall Street Journal reported.
Japan business mood improves as market reacts to “Abenomics”
TOKYO (Reuters) – Japanese business sentiment improved in the first three months of 2013, a central bank survey showed, after Prime Minister Shinzo Abe’s aggressive monetary and fiscal policy prescriptions helped to weaken the yen and bolster share pri…
