Schaeuble confirms Germany is a founding member of China-led AIIB bank
BERLIN (Reuters) – Finance Minister Wolfgang Schaeuble said on Tuesday that Germany is going to be a founding member of a new international development bank backed by China along with other European countries.
Russia’s Alfa Telecom bids $2.8 billion to double stake in Turkcell
ISTANBUL (Reuters) – Russia’s Alfa Telecom offered $2.8 billion on Tuesday to buy back a 13.8 percent stake in Turkcell , a move that would give billionaire Mikhail Fridman’s group control of Turkey’s top mobile operator.
Greece says to use asset sales for social welfare, not to cut debt
ATHENS (Reuters) – Greece will shortly present a law to turn its privatisation agency into a wealth fund that will use proceeds to finance social welfare policies instead of reducing its public debt, the deputy finance minister said.
EU deadline on GE’s $13 billion Alstom deal extended to Aug. 6
BRUSSELS (Reuters) – European Union antitrust regulators have extended their deadline for a decision on General Electric’s 12.4 billion euro ($13.15 billion) bid for Alstom’s power equipment business after a request from the U.S. group.
Super Mario to go mobile as Nintendo ventures into smartphone games
TOKYO (Reuters) – Japanese video game maker Nintendo Co Ltd will venture into smartphone games, heeding calls from investors to boost revenue by taking iconic characters like Super Mario to players increasingly shunning its consoles.
Euro, shares rise as dollar lays low ahead of Fed
LONDON (Reuters) – The euro and world shares gained on Tuesday as the dollar steadied before a two-day meeting of the U.S. Federal Reserve, where the Fed may edge closer to its first interest rate rise in almost a decade.
BOJ chief downplays deflation risk, sticks to inflation target
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said lower energy costs may push consumer prices into negative territory but it won’t derail a pick-up in inflation as the economy recovers, signaling that he sees no immediate need to expand sti…
Currency swings cost U.S. corporates $18.66 billion in the fourth quarter: study
(Reuters) – Foreign exchange swings cost North American corporates $18.66 billion in revenue in the fourth quarter, according to a report by currency risk management consulting firm FiREapps.
Workplaces with equal mix of men and women happiest: economist
UNITED NATIONS (Thomson Reuters Foundation) – A more equal mix of men and women in the workforce not only boosts national economies but also increases job satisfaction and performance in workplaces reflecting such a balance, experts said.
Japan Inc wage hikes not enough to meet higher cost of living: Reuters poll
TOKYO (Reuters) – Most Japanese firms plan to raise salaries by at least the same degree as last year, but even two years of wage hikes will not be enough to compensate workers for increases in the cost of living, a Reuters poll showed.
