RBS to pay investors $1 billion in bid to avoid fundraising trial
LONDON (Reuters) – Royal Bank of Scotland has agreed to pay 800 million pounds ($1 billion) over allegations it misled shareholders during a fundraising at the height of the financial crisis.
Italian instability is not start of euro zone crisis: Eurogroup head
BRUSSELS (Reuters) – Political instability in Italy makes life more difficult for Italy and the whole euro zone, but is not the start of new euro zone crisis, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Monday.
Coca-Cola opens new $100 million plant in Cambodia
PHNOM PENH (Reuters) – Coca-Cola Co opened a new $100 million facility in Cambodian capital Phnom Penh on Monday to expand its production capacity in the Southeast Asian nation.
European shares shrug off 4 percent drop for Italian banks
MILAN (Reuters) – A slump in Italian banking stocks, hit by worries that efforts to clean up bad debts would get derailed by the onset of political uncertainty, was offset by gains in European healthcare and mining stocks helping the regional benchmark…
Panasonic in talks to buy ZKW to accelerate push into auto electronics: source
TOKYO (Reuters) – Japan’s Panasonic Corp is in talks to buy European automotive light maker ZKW Group, accelerating its push into the automotive electronics market, a person familiar with the matter said.
Mizuho, SMBC in talks to provide 800 million euros in loans to Gazprom: sources
TOKYO (Reuters) – Japan’s Mizuho Bank and Sumitomo Mitsui Banking Corp are working on a deal to provide 800 million euros ($845 million) in loans to Russian gas giant Gazprom, sources familiar with the matter said on Monday.
No longer the bad guy, Tesco set to reassert UK dominance
LONDON (Reuters) – Two years after an accounting scandal plunged Tesco into the worst crisis in its 97-year history, the British supermarket looks set to reassert its dominance, given the edge by a transformed relationship with suppliers.
China trainmaker CRRC to build more plants abroad in expansion plan: China Daily
SHANGHAI (Reuters) – Chinese trainmaker CRRC plans to build more factories abroad as part of its plan to double sales outside of China to up to $15 billion by 2020, state-run China Daily reported on Monday.
Sharp CEO Tai says to step down once stock returns to TSE first section
TOKYO (Reuters) – Sharp Corp CEO and President Tai Jeng-wu told reporters on Monday he would step down once the Japanese electronics maker turns profitable again at the net level and its shares return to the first section of the Tokyo Stock Exchange.
Wall St. stock futures fall after Italy referendum
(Reuters) – U.S. equity index futures fell on Sunday after a stinging defeat for Italian Prime Minister Matteo Renzi, who said he would resign following a referendum over his proposals for constitutional reform.
