Goldman tops 2015 City of London bank bonus charts
LONDON (Reuters) – Bankers at Goldman Sachs received the highest bonuses in London’s banking industry this year but bonuses paid out by the top 10 banks were down overall compared to last year, a survey published on Wednesday showed.
Bernanke sees no risk of hard landing in China, bullish on U.S. economy
SEOUL (Reuters) – Former Federal Reserve Chairman Ben Bernanke said that China’s economic slowdown should not worry markets as there was no risk of a hard landing, and emphasized that a move to raise U.S. rates should be viewed as a positive sign for t…
Sony mobile executive: pricing tweaks, cost cuts to cope with dollar’s rise
TOKYO (Reuters) – The head of Sony Corp’s loss-making mobile telecoms unit plans to tweak handset prices and cut costs if need be to absorb the dollar’s sharp rise versus the yen, citing currency shifts as a bigger potential threat to the Japanese elec…
Skymark creditor Airbus opposes revival bid, threatens ANA stake deal
TOKYO (Reuters) – Airbus Group may block an attempt by Japanese carrier ANA Holdings to become a key shareholder in Skymark Airlines , people familiar with the matter said, becoming the second major creditor in the failed discount airline to threaten A…
Citi keeps top spot in FX trading as European banks slump: poll
LONDON (Reuters) – European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup grabbed business, according to widely watched industry rankings.
May’s market tremors could reflect fear of ‘groupthink’
LONDON (Reuters) – For anyone expecting interest rates to be stuck near zero for years to come, the past month has been uncomfortable.
Blocked in China, Twitter still courts Chinese firms for ads
SHANGHAI (Reuters) – Despite being blocked in China, Twitter is courting Chinese companies to buy advertising space on its service used by more than 300 million people elsewhere in the world.
Lafarge, Holcim finalize members of future executive panel
PARIS (Reuters) – Swiss cement maker Holcim and French merger partner Lafarge said on Wednesday they had finalised the make-up of the future 10-member executive committee of the combined LafargeHolcim.
China’s BYD says plans fundraising to boost battery capacity, new models
BEIJING (Reuters) – BYD Co Ltd plans to use funds raised in a potential private placement to boost battery production capacity and develop new models, said the Chinese automaker backed by billionaire Warren Buffett’s Berkshire Hathaway Inc .
Fed’s Lacker says letting banks fail will restore market discipline
BATON ROUGE, La. (Reuters) – Policymakers must ensure that financial industry creditors do not expect government bailouts and must be willing to let firms fail in order to restore market discipline, a top Federal Reserve official said on Tuesday.
