Big Oil saving Putin top investor show again
MOSCOW/LONDON (Reuters) – Some of the world’s most powerful oil executives will attend Russia’s top investment show next week, once again helping the organizers shrug off a meager turnout from other leading Western industrialists and bankers.
Hopes high for Thiam turnaround at Credit Suisse
ZURICH/LONDON (Reuters) – Tidjane Thiam starts work as CEO of Credit Suisse next month with investors optimistic he can bring about a major change of strategy at the bank, even if he has to raise cash to do it.
Exclusive: China to extend economic diplomacy to EU infrastructure fund
BRUSSELS (Reuters) – China will pledge a multi-billion dollar investment in Europe’s new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique seen by Reuters – Beijing’s latest round of chequebook diplomacy to win gre…
Departing Deutsche Bank co-CEO Jain to work for free: media
FRANKFURT (Reuters) – Deutsche Bank co-Chief Executive Anshu Jain will receive no severance pay and no compensation for working as an adviser to the bank in the six months after his departure, German media reported on Sunday.
All ears tuned to Fed language, Greek debt talks
LONDON (Reuters) – With the U.S. Federal Reserve expected to leave interest rates on hold this week, the market will be focusing on policymakers for clear signals on when the central bank will make its first interest rate hike in nearly a decade.
In China’s Pearl River Delta, HSBC faces a risky voyage
DONGGUAN, China/HONG KONG (Reuters) – Every day hundreds of garment traders alight at the newly-built Humen station to ply their wares in the southern Chinese city of Dongguan, arriving on high speed trains that whoosh through the terminal every ten mi…
Doubts over EU’s proposals for saving U.S. trade deal
LONDON (Reuters) – The European Union has more work to do, experts say, if it hopes to seal a transatlantic trade deal that has been criticized for leaving governments open to international legal action from companies affected by changes to tax and reg…
Major funds draw up plans to leave London if Britain quits EU – paper
LONDON (Reuters) – Several of the biggest fund managers based in London are drawing up plans to move trillions of pounds of assets and thousands of jobs outside of Britain should the country vote to leave the EU in a referendum due by the end of 2017, …
Tsipras seeks debt relief as Greeks take offer to Brussels
ATHENS/BRUSSELS (Reuters) – Greek Prime Minister Alexis Tsipras said he was willing to accept unpalatable compromises to secure a deal with international creditors provided he gets debt relief in return, something that Germany refuses to countenance.
Henkel CEO downplays Wella takeover speculation: paper
FRANKFURT (Reuters) – The chief executive of Henkel & Co KGaA AG poured cold water on speculation the consumer goods maker was preparing to buy hair care firm Wella from Procter & Gamble Co , saying his company didn’t need big acquisitions to grow.
