Italy bank deal lifts Europe shares, dollar on back foot
LONDON (Reuters) – Shares rose in Europe on Monday, with Italian banks gaining after a deal to wind up two failed regional lenders, while the dollar and U.S. bond yields held close to recent lows as subdued inflation raised questions over the outlook f…
Japanese airbag maker Takata files for bankruptcy, gets Chinese backing
Japan’s Takata Corp , at the center of the auto industry’s biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key S…
U.S. activist presses for ‘bold action’ at Nestle
LONDON/NEW YORK (Reuters) – U.S. activist shareholder Third Point LLC has targeted Nestle by taking a $3.5 billion stake in the food maker and urging Europe’s most valuable company to boost returns as demand for its products weakens.
RBS to cut 443 jobs in UK, move many of them to India
(Reuters) – British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.
Italy winds up Veneto banks at cost of up to 17 billion euros
MILAN/ROME (Reuters) – Italy began winding up two failed regional banks on Sunday in a deal that could cost the state up to 17 billion euros ($19 billion) and will leave the lenders’ good assets in the hands of the nation’s biggest retail bank, Intesa …
Push on with the ‘great unwinding’, BIS tells central banks
LONDON (Reuters) – Major central banks should press ahead with interest rate increases, the Bank for International Settlements said on Sunday, while recognizing that some turbulence in financial markets will have to be negotiated along the way.
Portugal investigating fraud linked to Venezuela PDVSA funds, PDVSA says
CARACAS (Reuters) – Portugal is investigating alleged appropriation of funds belonging to Venezuelan state oil company PDVSA [PDVSA.UL] that were channeled through now-defunct Portuguese bank Banco Espirito Santo between 2009 and 2014, PDVSA said on S…
Internal dossier criticises Audi top management: Bild
FRANKFURT (Reuters) – German luxury carmaker Audi’s management board, including Chief Executive Rupert Stadler, has been sharply criticised by company managers, Bild am Sonntag reported on Sunday, citing an internal dossier.
Italian government decree for Veneto banks delayed to Sunday: source
MILAN (Reuters) – An Italian government decree that will start liquidation proceedings for two ailing Veneto-based lenders, Banca Popolare di Vicenza and Veneto Banca, is set to be delayed to Sunday, a government source said.
CEO of Raytheon’s Forcepoint eyes IPO: Boersen-Zeitung
FRANKFURT (Reuters) – U.S. missile maker Raytheon’s cybersecurity unit could thrive were it to be listed separately, the head of the unit, Forcepoint, told German business daily Boersenzeitung in an interview published on Saturday.
