ABB chairman opposes breaking up two main businesses: paper
ZURICH (Reuters) – ABB Chairman Peter Voser said he opposed the idea of breaking up the engineering group’s two main businesses and was not facing pressure from its big shareholders for change.
Credit Suisse plans to sell U.S. private bank: newspaper
ZURICH (Reuters) – Credit Suisse Group intends to sell its U.S. private bank and slash its prime brokerage business under a strategy being developed by new Chief Executive Tidjane Thiam, Swiss newspaper Schweiz am Sonntag reported on Sunday.
Worries over emerging markets deepening: BIS
LONDON (Reuters) – Concerns over the world’s major emerging economies, and in particular China, are growing as financial investors reassess the outlook for global growth, the Bank of International Settlements said on Sunday.
Fed to dominate week of central bank meetings
FRANKFURT (Reuters) – The U.S. Federal Reserve takes center stage in the coming week, eclipsing industry data from China, another grim inflation reading from the euro zone and rate decisions in Japan and Switzerland.
Germany will back sharing bank risk only responsibility shared as well
LUXEMBOURG (Reuters) – Germany made clear it would agree to sharing more banking risk only if governments first proved they were ready to share more responsibilities as well, at a meeting of European Union finance ministers on Saturday.
Airbus U.S. plant cheaper than France, Germany, CEO tells paper
FRANKFURT (Reuters) – The United States will be a cheaper location for making the A320 aircraft than either France or Germany, Airbus Group Chief Executive Fabrice Bregier told the German weekly Welt am Sonntag.
Greece expects debt-relief talks once compliance assessment made: finance ministry
ATHENS (Reuters) – Greece expects debt-relief talks with its creditors to start as soon as the first assessment of compliance with its bailout agreement has taken place, the finance ministry in Athens said on Saturday.
Curbing enthusiasm ahead of Fed meeting
NEW YORK (Reuters) – With stocks already in a corrective phase on Wall Street, next week’s long-awaited Federal Reserve meeting may not spur a wild market reaction, even if the central bank hikes rates for the first time in almost a decade.
Boeing plans to finish some 737 jetliners in China: report
MOBILE, Ala. (Reuters) – Boeing Co is planning to move final production work for some 737 jetliners to a new facility in China, and is timing an announcement to coincide with the first U.S. state visit of China’s president, Xi Jinping, later this month…
Wall Street climbs, S&P 500 posts best week since July
(Reuters) – U.S. stocks rose on Friday and the S&P 500 posted its biggest weekly gain since July as investors weighed whether the Federal Reserve will raise interest rates next week.
