New York hedge fund manager Valvani’s death ruled suicide
NEW YORK (Reuters) – The death of Sanjay Valvani, a hedge fund manager at Visium Asset Management LP who had been charged last week in a major insider trading case, has been declared a suicide, the New York City medical examiner’s office said on Wednes…
Boeing’s Iran deal covers 109 jets including 747s: Iran official
PARIS (Reuters) – A provisional deal between Iran and Boeing to acquire jets for the country’s national airline covers 109 aircraft, split about equally between narrow-body and long-range wide-body aircraft, an Iranian official told Reuters on Wednes…
Fed’s Fischer cites progress on too-big-to-fail rules
WASHINGTON (Reuters) – Federal Reserve Vice Chair Stanley Fischer defended the Fed’s approach to the too-big-to-fail issue on Wednesday, telling a conference in Sweden that the central bank’s proposals would limit the fallout from a major failure and t…
Nervy global investors revisit 1930s playbook
LONDON (Reuters) – Global investors are once again dusting off studies of the 1930s as fears of protectionism, nationalism and a retreat of globalization, sharpened by this week’s Brexit referendum, escalate anew.
Deutsche Bank in deal with staff over branch closures: sources
FRANKFURT (Reuters) – Deutsche Bank has struck a deal with its German works council over closing about a quarter of branches in its home market, several people familiar with the matter said.
Kuka’s robotics boss welcomes prospect of Chinese ownership
MUNICH, Germany (Reuters) – Chinese ownership should benefit Germany’s Kuka, the German firm’s robotics chief said, as the company and its shareholders mull a 4.5 billion-euro ($5.1 billion) offer from home appliances maker Midea.
Fed’s Powell says ‘ready for whatever happens’ in Brexit vote
(Reuters) – Federal Reserve Governor Jerome Powell said on Wednesday that the Fed was “ready for whatever happens” in Britain’s close-to-call vote on European Union membership on Thursday.
Post-Brexit moves to Paris, Frankfurt would mean hefty pay cuts for UK bankers: data
LONDON (Reuters) – London-based bankers considering a possible relocation if Britain votes out of the European Union would suffer pay cuts of up to 80 percent if they were to move to Frankfurt or Paris, data from salary-benchmarking site Emolument show…
SoftBank names domestic telecom chief Miyauchi as president
TOKYO (Reuters) – SoftBank Group Corp said Wednesday that Ken Miyauchi, head of the group’s Japanese telecommunications operations, would become president and chief operating officer to replace Nikesh Arora.
VW gets approval for fixes on another 1 million cars, total 3.7 million: CEO
HANOVER, Germany (Reuters) – Volkswagen has received regulatory approval for technical fixes on another 1 million diesel cars and expects the number to keep growing, Chief Executive Matthias Mueller said.
