Bank of Piraeus head says optimistic private equity can meet any shortfall
ATHENS (Reuters) – Bank of Piraeus chairman Michalis Sallas said on Sunday he was optimistic the bank could rely on private investors to meet any capital shortfall found in baseline scenario stress tests being conducted by the ECB.
VW may offer discounts to owners of cars with illicit software: DPA says
FRANKFURT/BERLIN (Reuters) – Volkswagen may offer VW owners in Germany discounts on new cars if they turn in certain old models affected by the emissions scandal that has rocked Europe’s biggest carmaker, German news agency DPA reported on Sunday.
China premier says 7 percent growth goal never set in stone
BEIJING (Reuters) – China has never said the economy must grow seven percent this year, Premier Li Keqiang said in comments reported by the government ahead of a key meeting this week that will set economic and social targets for the next five years.
China communist party paper says country should join U.S.-led trade pact
BEIJING (Reuters) – China should join at an appropriate time the U.S.-backed regional trade accord the Trans-Pacific Partnership (TPP) as its broad aims are in line with China’s own economic reform agenda, an influential Communist Party newspaper said …
Nasdaq may see record with Apple earnings
NEW YORK (Reuters) – The Nasdaq 100 index, dominated by U.S. technology stocks, may set a record high next week, helped by good earnings from Apple Inc expected on Tuesday.
USAA says switches to Visa from MasterCard
(Reuters) – USAA, one of the largest U.S. issuers of debit and credit cards, is switching to Visa Inc from its longtime partner, MasterCard Inc , the company said on its website.
Misshapen budget priorities take center stage in Illinois
CHICAGO (Reuters) – To see the fickle fiscal state of affairs in cash-strapped Illinois, you need look no further than how the musical acts Styx, Sammy Hagar and Hank Williams Jr got paid for performing at the state fair in August, but the woman who sculpted the event’s life-sized butter cow did not.
UAW sets Sunday night deadline for pact with GM, strike possible
DETROIT (Reuters) – The United Auto Workers union set a Sunday night deadline for General Motors Co to agree to a new four-year contract, setting up a possible strike of GM’s U.S. operations.
Fed’s Yellen to testify before Joint Economic Committee Dec. 3
WASHINGTON (Reuters) – Federal Reserve chief Janet Yellen will appear at the Joint Economic Committee of the U.S. Congress on Dec. 3, a committee spokeswoman said on Saturday.
VW to freeze promotions due to emissions scandal: report
FRANKFURT/BERLIN (Reuters) – Volkswagen will freeze managerial promotions next year at its VW division as part of a savings drive to help meet more than 30 billion euros of costs arising from the diesel emissions tests scandal, a German business magazi…
