Deutsche Bank says first quarter challenging for entire sector
FRANKFURT (Reuters) – Deutsche Bank has warned that volatile financial markets in the first quarter, normally a strong season for banks, posed a challenge for the entire sector.
Fintech growth accelerates in Asia with record $4.5 billion investments
HONG KONG (Reuters) – Investors poured a record $4.5 billion into financial start-ups in Asia last year, four times as much as the previous year, data shows, putting the region at the center of the global tech revolution poised to shake up the financia…
Exclusive: China to ease commercial banks’ bad debt burden via equity swaps – sources
(Reuters) – China’s central bank is preparing regulations that would allow commercial lenders to swap non-performing loans of companies for stakes in those firms, two people with direct knowledge of the new policy told Reuters.
U.S. F-35 chief expects savings after Pratt’s B-21 bomber win
WASHINGTON (Reuters) – The selection of Pratt & Whitney to build the engines for the new Northrop Grumman Corp B-21 bomber should help Pratt lower the cost of its F135 engines that power the Lockheed Martin Corp F-35 fighter jet, a top Air Force general said Thursday.
Samsung C&T shareholders approve allowing outside directors to sit as board chairman
SEOUL (Reuters) – Shareholders of Samsung C&T Corp , Samsung Group’s [SAGR.UL] de facto holding company, have approved allowing an outside director to serve as chairman of the board, a spokeswoman confirmed on Friday.
Apple ‘raised technological barriers’ to stop warrant in iPhone case: U.S. government
(Reuters) – The U.S. Justice Department on Thursday said Apple Inc’s rhetoric was “false” in a high-profile fight over the government’s bid to unlock an encrypted iPhone belonging to one of the San Bernardino shooters.
Apple sets March 21 event, Wall Street sees new, smaller iPhone
(Reuters) – Apple Inc sent an invite to reporters on Thursday for an event at its Cupertino, California headquarters on March 21, possibly signaling the unveiling of a new, smaller iPhone.
Colgate extends restructuring program, to cut more jobs
(Reuters) – Colgate-Palmolive Co said on Thursday it would cut more jobs under an extended restructuring program as the world’s largest toothpaste maker grapples with tough macro-economic conditions, including a strong dollar.
New York law firms win Stanford fraud appeal, dismissal of lawsuit
(Reuters) – Two big New York law firms that represented the now-imprisoned financier Allen Stanford persuaded a federal appeals court on Thursday to throw out a lawsuit claiming that they helped conceal his $7.2 billion Ponzi scheme.
McDonald’s squares off against U.S. labor board in trial
NEW YORK (Reuters) – A highly anticipated trial over whether McDonald’s could be on the hook for its franchisees’ alleged retaliation against employees who participated in fast-food worker protests across the United States began on Thursday.
