Australia threatens ANZ, Deutsche and Citi with criminal charges over share issue
SYDNEY (Reuters) – Australia is preparing criminal cartel charges against the country’s third-biggest bank and underwriters Deutsche Bank and Citigroup over a $2.3 billion share issue, in an unprecedented move with potential implications for global cap…
Global trade friction puts Asian factories, export recovery at risk
BEIJING (Reuters) – Factory growth in Asia’s major manufacturing hubs showed signs of cooling last month as they braced for a rocky ride from rising global trade tensions, while the region’s key emerging markets grappled with accelerating inflation and…
Fiat Chrysler boss to tackle Europe, bet on Jeep in his last lap
BALOCCO, Italy (Reuters) – Fiat Chrysler boss Sergio Marchionne is expected to show on Friday how the carmaker plans to fix lagging margins in Europe, grow Jeep into a global giant and catch up in electric and self-driving cars – all without him in th…
India’s ICICI Bank says CEO Kochhar on planned leave
(Reuters) – ICICI Bank Ltd said on Friday Chief Executive Officer Chanda Kochhar is on planned annual leave and denied a media report that she was asked to go on leave until an independent board enquiry is concluded.
Asia stocks recover from earlier losses, Europe seen firm
TOKYO (Reuters) – Asian equities recovered from early weakness on Friday as a lower yen supported Japanese stocks and firm exports boosted South Korean markets. Still, rekindled concerns about U.S. trade policies limited regional gains.
New Airbus chief says challenging to meet delivery goals -staff memo
(Reuters) – Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays, and must eventually overhaul a manufacturing system that belongs to a “bygone age,” the jetmaker’s new president told st…
U.S. job growth seen picking up, wage growth likely moderate
WASHINGTON (Reuters) – U.S. job growth likely accelerated in May as warmer weather boosted hiring at construction sites, but wage gains are expected to have remained marginal, pointing to moderate inflation pressures in the economy.
Asia stocks claw back earlier losses but trade tensions limit gains
TOKYO (Reuters) – Asian equities shook off earlier weakness on Friday, as a softer yen supported Japanese stocks and firm export data drove South Korean markets higher, although rekindled concerns about U.S. protectionist trade policies limited gains.
New Airbus chief says challenging to meet delivery goals: memo
(Reuters) – Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays and must eventually overhaul an outdated manufacturing system, the planemaker’s new president told staff on Friday.
Australian banking in shock as ANZ faces criminal charges
SYDNEY (Reuters) – Australian banking was in shock on Friday as No. 3 lender Australia and New Zealand Banking Group faced criminal cartel charges over a US$2.3bn share issue, along with underwriters Deutsche Bank and Citigroup.
