SEC investigating sale of complex securities to mom-and-pop investors: official
WASHINGTON (Reuters) – A top regulator on Tuesday said the Securities and Exchange Commission will bring more enforcement actions against companies selling complex securities and risky structured products to retail investors.
HSBC starts search for new non-executives: source
LONDON (Reuters) – HSBC has appointed headhunters to find new non-executive directors in an effort to freshen up its board, a person familiar with the matter said on Tuesday.
Holcim and Lafarge name post-merger board candidates
ZURICH (Reuters) – Holcim and Lafarge outlined an even split of seats on the two cement groups’ post-merger board, but there was no place for Holcim investor Filaret Galchev, who has yet to announce his support for the proposed $40 billion deal.
China premier says downward pressure on economy still increasing: state radio
BEIJING (Reuters) – Pressure on China’s economy is increasing, and the country must prepare to face bigger economic difficulties, Premier Li Keqiang was reported as saying by Chinese state radio on Tuesday.
Cyber threats must be addressed without trade barriers: U.S. commerce secretary
BEIJING (Reuters) – Cybersecurity threats must be addressed without creating barriers to trade or investment, U.S. Secretary of Commerce Penny Pritzker said on Tuesday, during a visit to China as part of a trade delegation.
South Africa’s Eskom to rehire fired workers at Medupi plant
JOHANNESBURG (Reuters) – South Africa’s Eskom [ESCJ.UL] said on Tuesday it will rehire 1,700 employees fired after a strike at the Medupi power plant the utility is building, in an attempt to end a row that has hobbled construction at the facility.
Deal talks, weak euro buoy European shares
LONDON (Reuters) – European share markets touched a 14-year high on Tuesday, supported by takeover talks between telecoms equipment firms Nokia and Alcatel Lucent, while a shifting global monetary policy outlook weighed on the euro.
Banks see talent flee amid healthcare M&A boom
NEW YORK (Reuters) – Several high-ranking bankers have left their jobs at major investment banks in the last 13 months amid a surge in U.S. healthcare deal activity to seek better compensation at boutique investment banks as well as to participate in t…
Look out OPEC! Oil ETF investors head for exit, risking new slump
NEW YORK (Reuters) – Oil investors who amassed a $6 billion long position in exchange traded funds, occupying as much as a third of the U.S. futures market, are now racing for the exit at a near record pace.
Exclusive: Union might postpone vote seeking to organize Boeing’s South Carolina plant
NORTH CHARLESTON, South Carolina (Reuters) – Labor union officials say they could postpone a vote seeking to organize 3,000 workers at Boeing Co’s factory here in South Carolina if their campaign fails to gain enough traction against fierce opposition …
