Wanted: Oil traders who know China, with good heads for liquor
BEIJING/SINGAPORE (Reuters) – Chinese independent oil companies are luring traders, marketers and risk managers away from dominant state behemoths, offering better pay and perks in a hiring spree triggered by the freeing up of China’s crude import trad…
Latest threat to online lenders: ‘stacking’ of multiple loans
SAN FRANCISCO/NEW YORK (Reuters/IFR) – Many online lenders have failed to detect the “stacking” of multiple loans by borrowers who slip through their automated underwriting systems, lending company executives and investors told Reuters.
BMW sales rise but China growth keeps Mercedes ahead
BERLIN (Reuters) – BMW delivered more brand vehicles in May on strong demand for sport-utility vehicles and its flagship 7-Series saloon but slipped behind luxury rival Mercedes-Benz, which keeps thriving on record momentum in China.
Sainsbury’s lines up CFO Rogers to run Home Retail business
LONDON (Reuters) – British supermarket Sainsbury’s said its finance boss John Rogers would become chief executive of Home Retail when it completes a takeover designed to reduce its reliance on food and drink sales.
Lazard in control as momentum builds for Takata solution: source
TOKYO (Reuters) – Lazard is driving financial restructuring talks for Takata Corp, with the Japanese air bag maker’s founding family now firmly in the back seat, a person briefed on the process told Reuters.
Tesla says there is no safety defect in its Model S or X
(Reuters) – Tesla Motors Inc said on Friday there was no safety defect in its Model S or Model X, and that the U.S. National Highway Traffic Safety Administration (NHTSA) had not opened any investigation or any “preliminary evaluation” on the matter.
UniCredit’s new CEO will not be chosen before end July: paper
MILAN (Reuters) – The choice of a new chief executive at UniCredit to replace the outgoing Federico Ghizzoni will not happen before the end of July, the bank’s chairman said on Friday in a newspaper interview.
SAS agrees wage deal with pilots in Norway, avoids strike
OSLO (Reuters) – Scandinavian Airlines has signed a new wage agreement with the company’s pilots in Norway, averting a strike, trade union Parat and SAS said.
Two charged in cyberfraud against JPMorgan and others, plead not guilty
NEW YORK (Reuters) – Two Israeli citizens pleaded not guilty on Thursday to orchestrating a massive computer hacking and fraud scheme that included an attack against JPMorgan Chase & Co and generated hundreds of millions of dollars of illegal profit.
Exclusive: Schroders names ex Nomura CFO Kashiwagi as Japan country head
TOKYO/LONDON (Reuters) – Schroders plc has appointed Shigesuke Kashiwagi, former Chief Financial Officer of Nomura Holdings, as its president and country head of Japan, the London-listed global asset manager said in a statement issued exclusively to Re…
