First defendant in Libor scandal faces jury trial in London
LONDON (Reuters) – Tom Hayes, a former star trader at UBS and Citigroup, becomes on Tuesday the first person to face trial by jury over allegations he conspired to rig global Libor interest rates.
Buffett-backed Chinese automaker BYD plans up to $1.9 billion placement: IFR
HONG KONG (Reuters) – Chinese automaker BYD Co Ltd , backed by Warren Buffett’s Berkshire Hathaway Inc , plans to raise up to $1.9 billion in a share offering in mainland China, IFR reported on Tuesday, citing a source familiar with the plans.
British-based banks planning for EU ‘no’ stymied by lack of European office space
LONDON (Reuters) – A shortage of prime office space in rival European financial centers may torpedo plans by some of London’s banks to quit the UK capital if Britain opts out of European Union membership.
Varoufakis says Greece committed to reforms, rules out more austerity
MILAN (Reuters) – Greece is committed to liberalizing its economy, reforming its pension system and running a reasonable primary budget surplus, Finance Minister Yanis Varoufakis wrote on Tuesday.
Shake-up in key Samsung assets to cement heir’s grip as succession looms
SEOUL (Reuters) – Samsung Group’s de facto holding company on Tuesday sought another cornerstone as it reconstructs South Korea’s biggest conglomerate to smooth the path for management succession, offering more than $8 billion to buy an affiliate with …
Pension adviser says Ernst & Young was aware of Wal-Mart Mexico bribery allegations
(Reuters) – A labor-affiliated pension fund adviser is seeking an inquest into the auditor of Wal Mart Stores Inc , Ernst & Young LLP, accusing the auditing firm of knowing about possible bribery in Mexico long before the retailer disclosed it to U.S. authorities.
Greece says wants to make debt payments but needs aid urgently
ATHENS (Reuters) – Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan installment falling due next wee…
Charter Communications nears $55 billion deal for Time Warner Cable – sources
(Reuters) – Time Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday.
Oil prices gain as firm demand outweighs dollar strength
CALGARY, Alberta (Reuters) – Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted.
Europe stocks stumble, dollar lifted by U.S rate view
LONDON (Reuters) – European shares fell in thin trade on Monday while the dollar powered ahead after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year.
