EU to require sharing of corporate deals to curb tax avoidance
BRUSSELS (Reuters) – European Union countries will have to share information on tax deals agreed with major corporations under European Commission plans to limit the ability of big business to avoid tax across the 28-nation bloc.
Brent oil falls below $53 as industry data shows record U.S. inventories
LONDON (Reuters) – Brent oil prices fell below $53 a barrel on Wednesday on oversupply concerns as industry data indicated U.S. crude stocks had hit a new record high.
Holcim, Lafarge discuss new role for Bruno Lafont to save deal – sources
PARIS/ZURICH (Reuters) – Cement makers Holcim and Lafarge , seeking to save their troubled merger, are discussing a new CEO appointment to the combined group that would see current Lafarge boss Bruno Lafont in a different role, sources said on Wednesda…
Protesters, police clash near new European bank HQ in Frankfurt
FRANKFURT (Reuters) – Anti-capitalist protesters clashed with riot police near the new headquarters of the European Central Bank (ECB) in Frankfurt on Wednesday and set fire to barricades and cars, casting a pall over the ceremonial opening of the bill…
Many Blackstone M&A bankers expected to depart ahead of spin off to Taubman
NEW YORK (Reuters) – More than half of the 17 senior managing directors working in Blackstone Group LP’s mergers and acquisitions advisory arm may leave as the business is combined with the advisory firm headed by star Wall Street investment banker Pau…
Volkswagen hit by second Chinese state television exposé in one week
BEIJING (Reuters) – China’s main state-owned television network struck out against Volkswagen AG in its second exposé targeting the firm this week, alleging this time that the company overlooked dangerous engine leaks in its Chinese cars.
AmEx to launch its first cross-brand loyalty program in U.S.
(Reuters) – American Express Co said it will team up with seven U.S. companies, including Macy’s Inc , AT&T Inc and Exxon Mobil Corp , to launch a cross-brand loyalty program for the first time in the United States.
Debate on gas contract secrecy overshadows EU quest for energy union
BRUSSELS (Reuters) – A push to make gas contracts agreed with countries such as Russia more transparent has pitched Poland against Germany ahead of energy talks among European Union leaders on Thursday.
Boeing pins hopes on Malaysia order for boost to F/A-18 fighter jet
LANGKAWI, Malaysia (Reuters) – U.S plane manufacturer Boeing , in talks with Malaysia for the sale of 18 F/A-18 fighter jets, is pinning its hopes on an order to give a boost to the struggling product, executives of the planemaker said on Wednesday.
Japan blue chips plan bigger pay hikes but smaller firms expected to lag
TOKYO (Reuters) – Japanese blue-chip firms announced wage hikes that topped increases last year, but overall pay raises across corporate Japan are not expected to offset higher costs of living or be enough to drive a sustainable economic recovery.
