Many U.S. boards lack vision, just tick boxes in search for women directors
NEW YORK (Reuters) – Linda Hudson, former CEO of the U.S. arm of British defense company BAE Systems Plc, is among the women that boards call on when they are looking for a female director. In the past two years, she has been approached about 18 times,…
Fed’s Lockhart says U.S. should step up shadow bank monitoring
ATHENS, Ga. (Reuters) – U.S. regulators need to step up monitoring of shadow banks as part of their effort to build a more stable financial system, Atlanta Federal Reserve President Dennis Lockhart said on Friday.
Simon says: Macerich offer ‘best and final’
(Reuters) – Simon Property Group Inc , the No.1 U.S. mall owner, made what it said was its “best and final offer” for Macerich Co three days after its smaller rival rejected its initial proposal and adopted a poison pill takeover defense.
Discount trends, Hong Kong protests slow diamond sales growth: De Beers
LONDON (Reuters) – Diamond jewelery sales will keep growing but at a more modest pace, De Beers predicts, blaming a slowdown that started late last year on changing Christmas shopping trends and protest in Hong Kong.
Tiffany’s sales fall for first time in five years on strong dollar
(Reuters) – Upscale jeweler Tiffany & Co’s quarterly sales fell for the first time in five years and are expected to decline further in the current quarter, hurt by the strong dollar.
Treasury’s Lew says a strong dollar is a good thing
MIAMI (Reuters) – U.S. Treasury Secretary Jack Lew on Friday said a strong U.S. dollar was a “good thing” and reflected strength in the U.S. economy, repeating a long-standing mantra of U.S. administrations.
Russia’s Putin calls for regional currency union
ASTANA (Reuters) – Russian President Vladimir Putin proposed on Friday creating a regional currency union with Belarus and Kazakhstan, Russia’s main partners in a union of ex-Soviet states facing growing economic challenges.
Australia signals approval of China-based AIIB; Japan divided
TOKYO/SYDNEY (Reuters) – Australia said on Friday there was a lot of merit in the China-led Asian Infrastructure Investment Bank (AIIB) while Japan’s finance minister signalled cautious approval of the institution that the United States has warned agai…
Jaguar Land Rover recalls 36,000 SUVs in China after media exposé
SHANGHAI (Reuters) – Jaguar Land Rover Ltd on Friday said it is recalling nearly 36,500 Range Rover Evoque sport utility vehicles (SUVs), after local media reported the British luxury carmaker used faulty gearboxes.
Sabadell eyes more UK deals after $2.5 billion TSB takeover
LONDON/MADRID (Reuters) – Spain’s Banco Sabadell could look to expand further in Britain after agreeing a 1.7 billion pound ($2.5 billion) takeover of TSB , one of the biggest cross-border banking deals since the financial crisis of 2007-09.
