Pimco’s Callin, head of equity product management, retiring in second quarter
NEW YORK (Reuters) – Sabrina Callin, managing director and head of equity product management at Pacific Investment Management Co, has decided to retire from the firm in the second quarter, Pimco said on Wednesday.
Major automakers to announce pact to install auto-braking systems by 2022
WASHINGTON (Reuters) – Major automakers will announce Thursday they have agreed to install automatic emergency braking systems in nearly all U.S. vehicles by September 2022, three sources briefed on the plans said.
Frankfurt and London seal $30 billion trading tie-up to counter U.S. threat
FRANKFURT/LONDON (Reuters) – Deutsche Boerse AG and London Stock Exchange Group Plc (LSE) agreed to combine in a $30 billion deal to create a European trading powerhouse better able to compete with U.S. rivals encroaching on their turf.
EU regulators want more info on Apple’s Irish tax deal
BRUSSELS/DUBLIN – European Union antitrust regulators have asked Ireland to provide further details on the country’s tax deal with Apple before deciding whether this constitutes illegal state aid to the iPhone maker.
SEC chief says may have to ‘rein in’ some non-GAAP disclosures
WASHINGTON (Reuters) – The head of the Securities and Exchange Commission on Wednesday said her agency is examining whether companies could mislead investors through some of current accounting rules.
Central banks’ ‘forward guidance’ proving a tricky policy tool
FRANKFURT (Reuters) – Words don’t always come easy for the world’s central bankers, as Mario Draghi was reminded last week.
Rothschild, bucking trend, contemplates new hires in Russia
MOSCOW (Reuters) – The Rothschild Group is looking at taking on new hires for its Russian operation later this year, bucking the trend for big Western money advisers to scale back, partly because it feels it can make money out of the struggling economy…
Exclusive: China Merchants Group joins race to buy Baltic Exchange – sources
LONDON (Reuters) – State-run conglomerate China Merchants Group [CNMGP.UL] has made an informal bid to buy London’s Baltic Exchange, becoming the latest contender for the business that has been the hub of the global shipping market for centuries, two s…
German court rejects customer’s bid to cancel VW purchase
BOCHUM, Germany (Reuters) – A German court has rejected an attempt by a customer to cancel his purchase of a Volkswagen car in the wake of the company’s emissions scandal, saying the dealer was not to blame.
Ex-New York Fed employee avoids prison for Goldman Sachs leaks
NEW YORK (Reuters) – A former Federal Reserve Bank of New York employee was spared prison on Wednesday, disappointing prosecutors who said his leaking of confidential documents to a friend at Goldman Sachs Group Inc justified time behind bars.
