UPS to invest $1.06 billion in Europe: Wirtschaftswoche
BERLIN (Reuters) – United Parcel Service Inc. plans to invest 1 billion euros ($1.06 billion) in Europe to expand its package delivery network, German magazine Wirtschaftswoche reported on Sunday, without citing its sources.
Julius Baer CEO says has not held deal talks with Credit Suisse: paper
ZURICH (Reuters) – Julius Baer has not held talks with larger rival Credit Suisse about merging, the Swiss private bank’s chief executive said in comments made in the weekly Schweiz am Sonntag.
BDI industry group sees German growth of 2 percent in 2015
BERLIN (Reuters) – Germany’s BDI industry association is more optimistic about the prospects for Europe’s biggest economy than it was three months ago due to cheap oil, strong private consumption and a weak euro, its president said on Sunday.
United States loses sparkle as Europe shows signs of hope
FRANKFURT (Reuters) – Investors will cast a wary eye on the latest gauges of the United States’ economic health this week, while troubled Europe shows early signs of turning the corner.
Greece may have blown best hope of debt deal
BRUSSELS (Reuters) – Even if it survives the next three months teetering on the brink of bankruptcy, Greece may have blown its best chance of a long-term debt deal by alienating its euro zone partners when it most needed their support.
China-led AIIB will be lean, clean and green – official
BEIJING (Reuters) – The China-led Asian Infrastructure Investment Bank (AIIB) will be lean, clean and green, its interim chief said, playing down concerns over transparency and standards governing the institution.
Volkswagen in full-blown crisis as CEO vows to fight: sources
BERLIN (Reuters) – Volkswagen has plunged into a full-blown leadership crisis after Chief Executive Martin Winterkorn let it be known on Saturday he will fight for his job even though the carmaker’s chairman has reportedly withdrawn confidence in the C…
German economy minister plays down boost from EU-U.S. trade deal: magazine
BERLIN (Reuters) – Germany’s economy minister warned on Saturday against overblowing expectations for an economic boost from a trade deal between the United States and European Union but said the pact was needed to set high common standards for consume…
Shock therapy to spur wave of mergers among Italy’s ‘popolari’ banks
MILAN/VICENZA (Reuters) – Italy’s biggest cooperative banks are bracing for a wave of mergers following a government reform that forces them to convert into joint stock companies within 18 months.
France’s Vivendi says will not bid for Lagardere
PARIS (Reuters) – French media group Vivendi , with cash to spend after selling a chunk of its business, has no plans to bid for smaller rival Lagardere .
