From planes to trains, Lufthansa chefs cater to broader audience
NEU-ISENBURG, Germany (Reuters) – Lufthansa’s airline catering business wants to become more like a mainstream retailer in a shift that includes an expansion into new areas such as trains and convenience stores, its chief executive said.
China data point to steadier economy for now, but Trump victory adds to risks
BEIJING (Reuters) – China’s economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming President Donald Trump are increasingly clouding the outlook.
Deutsche Bank needs to finish homework before any M&A: CFO
FRANKFURT (Reuters) – Deutsche Bank must work on resolving its own problems before it can consider making any acquisitions, its Chief Financial Officer Marcus Schenck said on Monday.
Dollar soars as U.S. yields spike; shares divided
LONDON (Reuters) – The U.S. dollar hit an 11-month peak on Monday as the risk of faster inflation and wider budget deficits, if president-elect Donald Trump should go on a U.S. spending spree, sent Treasury and other benchmark global bond yields shooti…
UniCredit, SocGen decline to comment on merger rumor
MILAN/PARIS (Reuters) – UniCredit and Societe Generale declined to comment on talk of a possible merger between them after their shares rose on speculation about a tie-up.
Election over, Congress pivots to lame-duck debate over spending
WASHINGTON (Reuters) – With a bitter election campaign finally over, the Congress will reconvene this week to try to set aside its partisan differences long enough to keep the government from closing.
Dollar surges to 11-month high as bond rout continues
LONDON (Reuters) – The dollar surged to an 11-month high against a basket of major currencies on Monday, resuming gains driven by rising U.S. bond yields and expectations for inflation since Donald Trump’s U.S. election victory.
Volkswagen’s Audi in talks for second China tie-up, dealers uneasy
BEIJING (Reuters) – Volkswagen’s Audi AG said on Monday that it was in talks with China’s SAIC Motor Corp Ltd for a long-term collaboration, which dealers for its existing joint venture say would cause them “potentially fatal damage.”
Europe’s top truck makers could face 100 billion euro cartel damages claim
(This story corrects Bentham Europe ownership detail to show it is solely owned by Elliott Management.)
Half of Japan firms reviewing work hours, with cuts to overtime in focus: Reuters poll
TOKYO (Reuters) – Just over half of Japanese firms are reviewing rules on working hours with many looking to cut down on overtime, a Reuters poll shows, in a sign that the government has gained traction in its campaign for more employee-friendly labor …
