Deutsche Bank boosts bonuses to 2.3 billion euros despite bigger 2017 loss
FRANKFURT (Reuters) – Deutsche Bank paid bonuses worth 2.3 billion euros ($2.83 billion) for 2017, four times higher than the previous year even as the German lender warned on costs for 2018 and reported a bigger 2017 loss than previously disclosed.
A factory worker at 13, Hong Kong’s iconic billionaire Li Ka-shing retires
HONG KONG (Reuters) – Li Ka-shing’s rise from penniless immigrant in 1940 to billionaire tycoon is the consummate success story in Hong Kong, a city which progressed alongside him from trading outpost to one of the world’s biggest financial centers.
Markets watchful as fresh U.S. turmoil tests investors’ nerves
MILAN (Reuters) – World stocks wavered and the dollar eased on Friday as turmoil in the U.S. administration kept markets watchful at the end of a week scarred by concerns that U.S. tariffs could provoke a trade war.
State Street’s Kumar wants answers on shareholder rights
BOSTON (Reuters) – State Street Corp wants answers from companies that lack such things as independent board leaders or equal voting rights for investors, a top executive at the asset manager said, which could spell weaker support for some companies w…
Bike-sharing companies face an uphill ride in U.S.
SAN FRANCISCO (Reuters) – A bike-sharing craze that has swept China over the past two years is picking up speed in cities across the United States, but with a different spin as tough local regulations rein in the roll-out of dockless bikes.
Former Qualcomm chairman explores long-shot bid for U.S. chip maker: sources
(Reuters) – Former Qualcomm Inc Chairman Paul Jacobs has informed its board of directors that he will seek to partner with investment firms to make an offer for the U.S. semiconductor company, people familiar with the matter said on Thursday.
New head of scandal-hit Kobe Steel may seek mergers for some business units
(Reuters) – Kobe Steel’s new president on Friday said he may seek mergers or alliances outside the company for one or more of its business divisions, as he battles to repair damage from a data fraud scandal that roiled Japanese industry.
Where is the fear? Markets wave off global risks
SYDNEY (Reuters) – Simmering fears of a global trade war. An embarrassing political scandal in Japan. Rapid job-turnover inside the White House and the threat of faster interest rate hikes in the United States.
Exclusive: Russian billions slip through Latvia’s loose net
RIGA (Reuters) – Latvia launched just 85 money-laundering investigations in 2017 even though its banks flagged 17,900 suspect transactions, data seen by Reuters shows, highlighting the challenge the Baltic state faces in repairing its tarnished reputat…
Unexpected euro zone slack could slow inflation rebound: ECB’s Praet
FRANKFURT (Reuters) – Europe may be regaining some of its long-lost growth potential, European Central Bank chief economist Peter Praet said, a boon for the bloc’s five-year expansion but a potential drag on already weak inflation.
