ECB’s Nowotny says Greece more political than economic question
VIENNA (Reuters) – Any solution to Greece’s financial woes is more of a political than an economic question, European Central Bank policymaker Ewald Nowotny said on Monday, as euro zone finance ministers meet to continue Greek debt talks.
French finance minister sees no Greek deal with euro zone on Monday
PARIS (Reuters) – Talks between Greece and its euro zone creditors on Monday must show progress but won’t be decisive, French Finance Minister Michel Sapin said.
Sharp may slash capital, issue preferred shares; stock dives
TOKYO (Reuters) – Japan’s Sharp Corp said it may reduce its capital and issue preferred shares as part of a planned restructuring, but worries about potential dilution from the new issuance and other possible fund raising sent its shares plunging 26 pe…
Japan first-quarter GDP growth seen moderate, weak consumption a concern
TOKYO (Reuters) – Japan’s economy was expected to post a second straight quarter of moderate growth in January-March, led by a pickup in exports and business investment, a Reuters poll found, pointing if realized to a steady recovery from recession aft…
Late to the party, global banks try to muscle into India’s start-up boom
MUMBAI (Reuters) – Global investment banks are scrambling to get a piece of the action from India’s booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.
China cuts interest rates for third time in six months as economy sputters
BEIJING (Reuters) – China cut interest rates for the third time in six months on Sunday in a bid to lower companies’ borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century.
UK’s Osborne may sell state-owned RBS shares at a loss: paper
LONDON (Reuters) – British finance minister George Osborne may sell state-owned shares in Royal Bank of Scotland at a loss as part of plans for an accelerated sale of government holdings in the sector, a newspaper reported.
Euro zone set to report solid growth, for a change
LONDON (Reuters) – With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor.
ISS recommends BMW shareholders vote against Reithofer appointment: FAS
FRANKFURT (Reuters) – Advisory firm ISS has recommended that BMW shareholders should vote against the appointment of outgoing chief executive Norbert Reithofer as chairman of the carmaker’s supervisory board, newspaper Frankfurter Allgemeine Sonntagsze…
Sharp plans to use capital to wipe out past losses: source
TOKYO (Reuters) – Japan’s Sharp Corp is considering using capital to reduce accumulated losses on its book, an accounting maneuver that would allow the loss-making electronics maker to resume dividend payment earlier, a source said on Saturday.
