French government may back Michelin CEO for Renault chairman: paper
The French government is considering backing Michelin chief executive Jean-Dominique Senard for the chairmanship of Renault , replacing embattled CEO Carlos Ghosn, Le Figaro reported on Sunday, citing several sources.
Renault calls for Nissan shareholder meeting: WSJ
Renault SA has sent a letter to its alliance partner Nissan Motor Co Ltd , urging the Japanese carmaker to call a meeting of its shareholders “as promptly as practicable”, the Wall Street Journal reported on Sunday.
Qatar considering increasing its stake in Deutsche Bank: Handelsblatt
Qatar is considering increasing its stake in Deutsche Bank , newspaper Handelsblatt reported on Sunday.
Recent market ‘jolt’ will be first of many as easy money era ends, says BIS
Recent sharp selloffs across global financial markets are probably the first of many, as investors adjust to a world of tighter monetary conditions and the threat of economic downturn, the Bank of International Settlements said on Sunday.
Regulators need joined up thinking to spot derivatives risks: BIS
Regulators should scrutinize clearing houses and banks together to spot financial stability threats from the world’s multi-trillion dollar derivatives market, the Bank for International Settlements said on Sunday.
Canadian regulator to fine Glencore-controlled miner over Congo – WSJ
A Glencore-controlled mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese President Joseph Kabila,…
Wall Street looks to Fed outlook Wednesday for early Christmas gift
Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally.
Will landing be soft or ‘chaotic’ as Fed begins to stop rate hike cycle
In June 2006, the U.S. Federal Reserve raised interest rates for a 17th consecutive time but cushioned the increase with a strong signal that officials were ready to stop the tightening cycle.
Ten years on, Fed’s long, strange, trip to zero redefined central banking
Whatever the acronym, when the U.S. Federal Reserve dropped its policy rate to near zero on Dec. 16, 2008, to counter a full-scale economic crisis, it ushered in what the central bank’s chairman at the time, Ben Bernanke, called “the end of the old reg…
Indonesia, EFTA sign long delayed free trade deal
Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations.
