French bank SocGen settles dispute with Libyan Investment Authority
PARIS (Reuters) – French bank Societe Generale and the Libyan Investment Authority (LIA) have signed a confidential agreement to settle a legal dispute regarding a case focused on five trades totaling $2.1 billion, executed between 2007 and 2009.
UBS breaks ranks with push for mid-tier Asian millionaires
HONG KONG (Reuters) – UBS Group AG plans to hire about 100 wealth management client advisors over the next two years in Hong Kong, the biggest wealth hub in Asia-Pacific, to grab a bigger share of the fast-growing mid-tier millionaire segment.
Macron, earnings hopes send European shares to 20-month high
LONDON (Reuters) – Signs that centrist Emmanuel Macron was heading for victory in France’s presidential election and reassuring results from HSBC pushed European shares to a near two-year high on Thursday, despite some wary signals from China and commo…
Morgan Stanley drops Vanguard mutual funds
NEW YORK (Reuters) – Morgan Stanley, the largest U.S. brokerage by salesforce, said on Wednesday it is dropping mutual funds from Vanguard Group, the largest U.S. mutual fund firm.
Oil rebounds on Saudi assurances Russia will extend supply cuts
NEW YORK (Reuters) – Oil prices closed 1.5 percent higher on Friday, rebounding from five-month lows, following positive U.S. jobs data and assurances by Saudi Arabia that Russia is ready to join OPEC in extending supply cuts to reduce a persistent glu…
Wal-Mart seeks anti-corruption certification, in talks with regulators
NEW YORK (Reuters) – Wal-Mart Stores Inc said on Wednesday it was considering getting certified under a new international program that could help companies defend themselves against isolated cases of corruption or poor business practices.
Apple to create $1 billion U.S. advanced manufacturing fund
SAN FRANCISCO (Reuters) – Apple Inc plans to create a $1 billion fund to invest in U.S. companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone maker’s latest effort to show how it is creating U.S….
VW eyes productivity increases at core brand: executive in paper
BERLIN (Reuters) – Volkswagen wants to increase the productivity of its plants at its core brand to catch up with rivals, the head of the VW brand told a German newspaper.
Macy’s, Tailored Brands to end tuxedo rental partnership
(Reuters) – Department store operator Macy’s Inc and Tailored Brands Inc have agreed to wind down operations of a tuxedo rental license agreement, the companies said on Wednesday.
Tesla plugs older Model S as new buyers turn to Model 3
SAN FRANCISCO (Reuters) – Electric-car maker Tesla Inc on Wednesday reported first-quarter revenue that more than doubled, and while saying the upcoming Model 3 was on schedule for July, it downplayed the mass-market vehicle to give a sales pitch for …
