UBS won’t take lead in consolidating European bank sector: Weber
Switzerland’s UBS Group will not take the lead in consolidating a fragmented European bank sector, Chairman Axel Weber said on Tuesday.
‘Fill or kill’: the three weeks that saved Sears
The future of Sears Holdings Corp and tens of thousands of its employees across the United States hung in the balance in the freezing pre dawn hours last Wednesday, as Wall Street lawyers and bankers sparred over the fate of the beleaguered retailer i…
China’s growth slowed by service, farm sectors, despite construction rebound
Weakness in the service and farm sectors slowed China’s economic growth in the fourth quarter, despite a strong pickup in construction activity, official data showed on Tuesday.
EU fines Mastercard 570 million euros over cross-border barriers
The European Commission said on Tuesday it had fined Mastercard 570.6 million euros ($648.3 million) for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union.
Renault board meeting due on January 24 over Ghosn’s succession: sources
Carmaker Renault has called for a board meeting on Jan. 24 to discuss the succession plans regarding Carlos Ghosn, sources told Reuters on Tuesday, with Ghosn in custody in Japan over alleged financial crimes which he denies.
Exclusive: Tesla holds battery supply talks with China’s Lishen
U.S. electric vehicle (EV) maker Tesla Inc has held talks with China’s Tianjin Lishen to supply batteries for its new Shanghai factory, and two people with direct knowledge of the matter said the pair signed a preliminary agreement.
IMF pessimism + trade tensions = sickly stocks
Pessimism about global growth drove down world shares and commodity markets on Tuesday and left investors seeking refuge in the dollar, government bonds and gold.
Oil drops more than 1 percent as China slowdown bites
Oil prices fell more than 1 percent on Tuesday on signs that an economic slowdown in China was spreading, stoking concerns about global growth and fuel demand.
Exclusive: Autogrill submitted a bid for Elior’s Areas business – source
Italy’s Autogrill has submitted a bid for the railways, motorway and airport catering business of France’s Elior , a source told Reuters on Tuesday.
Danske faces new investor lawsuit threat
Litigation funder IMF Bentham has teamed up with legal experts Quinn Emanuel and Njord Law Firm and plans to file a shareholder lawsuit against Danske Bank by July over a 200 billion euro ($230 billion) money laundering scandal.
