Saudi Aramco names new head of finance after government reshuffle: sources
DUBAI (Reuters) – Saudi Aramco has named six new heads of departments including its finance unit after a government reshuffle last week saw several executives at the oil giant moving to other state posts, the company and industry sources said on Tuesda…
Britain takes $2.68 billion loss on RBS share sale
LONDON (Reuters) – Britain has sold some of its holding in Royal Bank of Scotland , the bank which it rescued in the 2008 financial crisis, but has taken a loss of more than 2 billion pounds ($2.68 billion) on the deal.
Sharp to buy Toshiba PC business, issue $1.8 billion in new shares
TOKYO (Reuters) – Japan’s Sharp Corp said it will buy Toshiba Corp’s personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks, highlighting a swift recovery under the control of Foxconn.
Australia charges former local heads of Citi, Deutsche, ANZ in cartel case
SYDNEY (Reuters) – Australian authorities have charged the former local bosses of Citigroup Inc and Deutsche Bank AG with “criminal cartel offences” over a $2.3 billion stock issue, one of the country’s biggest cases of alleged white-collar crime.
Britain to rule on Rupert Murdoch’s bid for Sky
LONDON (Reuters) – The British government will give its verdict on Rupert Murdoch’s pursuit of European pay-TV group Sky later on Tuesday, Sky News said.
IAG sees air traffic strikes as bigger threat than fuel prices in 2018
SYDNEY (Reuters) – The chief executive of British Airways-owner IAG warned that air traffic control strikes were more of a threat to European airlines in 2018 than a rise in fuel prices.
German investor to sell unwanted A380 superjumbos for parts
SYDNEY (Reuters) – A German investment company said on Tuesday it planned to sell the components of two unwanted Airbus A380 superjumbo jets, in an apparent move to send the world’s largest jetliner to the breakers yard for the first time due to slack …
Citi, Deutsche Bank, ANZ served with criminal cartel charges in Australia: competition regulator
(Reuters) – Australia’s competition regulator on Tuesday said criminal charges had been laid against Australia and New Zealand Banking Group Ltd, a local unit of Citigroup and Deutsche Bank AG relating to cartel offences over a $2.3 billion share issue…
Europe up against Asian juggernaut in electric car battery drive
LONDON/FRANKFURT/STOCKHOLM (Reuters) – Chinese electric vehicle giant BYD is looking at launching battery production in Europe, joining Asian rivals aiming to cash in on a green car revolution and threatening attempts by Brussels to nurture a home-gro…
Britain takes around $2.66 billion loss on RBS share sale
LONDON (Reuters) – Britain’s government sold 7.7 percent of Royal Bank of Scotland shares for 2.5 billion pounds ($3.33 billion) on Tuesday, realizing a loss of more than two billion pounds on part of its investment in the lender it rescued in 2008.
