U.S. Commerce Department to place restrictions on China’s ZTE
LONDON (Reuters) – The U.S. Commerce Department is set to place export restrictions on Chinese telecoms equipment maker ZTE Corp for alleged violations of U.S. export controls on Iran, according to documents seen by Reuters.
Wells Fargo searching for rainmaker in bid to boost dealmaking franchise
(Reuters) – Wells Fargo & Co , in a bid to boost its dealmaking franchise, is hunting for a new head of mergers and acquisitions, according to people familiar with the matter. The bank’s existing head of mergers, John Laughlin, has moved to a vice chairman role, a spokeswoman said.
China’s taste for craft to provide fizz for global brewing profits
SHANGHAI (Reuters) – Small-scale brewers from Brooklyn to Beijing are tapping growing demand from cosmopolitan Chinese consumers for high-end beers, a trend which could also help global brewing giants finally unlock frothier profits in the world’s larg…
United Airlines announces return of CEO Oscar Munoz
(Reuters) – United Continental Holdings Inc said on Sunday that its President and Chief Executive Officer Oscar Munoz will return to the airline full-time as of March 14.
Stocks almost erase 2016 losses as bulls charge
NEW YORK (Reuters) – The bulls have gained the upper hand in the U.S. stock market in recent weeks and strategists are cautiously optimistic the rebound will continue.
Lenders team may return to Athens in coming week as differences narrow
BRUSSELS (Reuters) – A team of international lenders from the euro zone and the International Monetary Fund is likely to return to Athens in the coming week to begin to finalize a review of reforms, paving the way for more loan payouts and debt relief …
Faith in central banks’ healing powers faltering: BIS
LONDON (Reuters) – Financial markets’ shaky start to the year shows they are losing faith in the “healing powers” of central banks, the Bank for International Settlements (BIS) said on Sunday while voicing concerns over sub-zero interest rates and emer…
British retailers invite rival brands to fill their empty spaces
LONDON (Reuters) – As online deliveries surge and shop sales fall, Britain’s retailers are looking to refit their once bustling superstores with new attractions such as rivals’ fashion brands to fill empty spaces and keep shoppers coming through the do…
Bankers jostle to be junior as UK accountability rules kick in
LONDON (Reuters) – New rules to hold bosses responsible for wrongdoing at British banks is deterring some bankers from taking on senior management roles and even prompting big-hitters to play down their own importance, say legal and compliance experts….
China says cuts in overcapacity won’t cause massive layoffs
(Reuters) – China’s plans to reduce industrial overcapacity are unlikely to result in large-scale layoffs, the country’s top economic planner said on Sunday.
