Europe’s bank regulators on expensive hiring spree before Brexit
FRANKFURT (Reuters) – Europe’s regulators are competing to hire risk specialists to prepare for an influx of banks escaping Brexit, nudging up salaries and stretching staff budgets.
China studying when to ban sales of traditional fuel cars: Xinhua
BEIJING (Reuters) – China has begun studying when to ban the production and sale of cars using traditional fuels, the official Xinhua news agency reported, citing comments by the vice industry minister, who predicted “turbulent times” for automakers fo…
EU criticizes Trump’s economic policy: report
BERLIN (Reuters) – The European Union’s economic and financial committee has criticized U.S. President Donald Trump’s economic policy and is worried that his efforts to boost protectionism pose a threat to the global economy, a German magazine reported…
Sovereign wealth funds boost private investments in emerging markets
ASTANA (Reuters) – Private market investments have become a crucial part of sovereign wealth funds’ (SWF) portfolios, helping them better tap the potential of key emerging markets such as China and India, a Goldman Sachs Asset Management executive sai…
AstraZeneca CEO, worried by Brexit, not signing UK government letter
MADRID (Reuters) – AstraZeneca Chief Executive Pascal Soriot, fearing a potentially abrupt Brexit, said on Saturday that lack of progress in negotiations made it impossible for him to sign a public letter of support for the British government’s strate…
France, Germany, Italy, Spain seek tax on digital giants’ revenues
PARIS (Reuters) – France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter.
China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes
MOSCOW/BEIJING (Reuters) – Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy partnership between Moscow an…
Bain, SK Hynix group ups bid for Toshiba chip unit to $22 billion: sources
TOKYO (Reuters) – A group including Bain Capital and South Korea’s SK Hynix has raised its offer for Toshiba Corp’s chip business to 2.4 trillion yen ($22.3 billion) including a 200 billion yen investment in infrastructure, sources familiar with the …
High dividend stocks may find favor as market headwinds abound
NEW YORK (Reuters) – High dividend yield stocks such as telecoms and utilities are looking more tempting as investors become increasingly nervous about the outlook for equities and as U.S. Treasury yields hover near a 10-month low.
Martin Shkreli seeks to overturn part of his conviction
NEW YORK (Reuters) – Former drug company executive Martin Shkreli on Friday asked a judge to throw out part of his criminal conviction, a day after prosecutors sought to have him jailed until his sentencing.
