Pilots call for wider mediation in dispute with Lufthansa
BERLIN (Reuters) – Pilots at Lufthansa have called for mediation to cover all areas of their dispute with the German airline’s management, not only the early retirement row that has resulted in 10 strikes this year.
Tesco’s troubles split funds seeking oversold stocks
LONDON (Reuters) – A halving of Tesco’s share price is luring only the boldest active fund managers back into Britain’s top supermarket group, with many still unpersuaded it can recover from a year of disasters.
JPMorgan to tweak excess capital in response to Fed’s higher requirement: executive
(Reuters) – JPMorgan Chase & Co will not keep as much excess capital over required levels as it might have and will make “surgical” changes in its business model in response to proposed new capital regulations, the company’s chief financial officer said on Wednesday.
Airbus CEO says A350 for Qatar on tarmac and ready
BERLIN (Reuters) – The chief executive of Airbus said the first A350 aircraft, whose planned delivery to Qatar Airways was delayed on Wednesday, was ready to go and he was confident of delivery before the end of the year.
OPEC cuts 2015 demand forecast for its oil to lowest in a decade
LONDON (Reuters) – Global demand for OPEC crude in 2015 is expected to fall to the lowest level in more than a decade and far below current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown i…
Petrobras funding options run slim as scandal deepens
SAO PAULO (Reuters) – Brazil’s state-controlled oil firm Petrobras may have to hike fuel prices, cut spending or seek a capital injection from the government next year as a widening corruption probe threatens to temporarily leave it out of capital mark…
BP to spend $1 billion on thousands of job cuts
LONDON (Reuters) – BP will cut thousands of jobs cut across its global oil and gas business by the end of next year in a $1 billion restructuring programme announced on Wednesday following steep falls in oil prices.
Mercedes must boost China volume to snatch luxury sales crown: executive
STUTTGART, Germany (Reuters) – Daimler’s Mercedes-Benz needs to catch up with German rivals BMW and Audi in China to meet its goal of becoming the world’s largest maker of luxury cars by 2020, a company executive said on Wednesday.
Global stocks up on hopes of China policy easing, Greece stirs concern
LONDON (Reuters) – Oil prices were anchored at a five-year low on Wednesday and European stocks recovered from the previous day’s selloff after a similar rebound in Chinese shares prompted by hopes that weak inflation will bring more monetary policy ea…
U.S. mortgage applications rise in latest week: MBA
NEW YORK, (Reuters) – Applications for U.S. home mortgages rose last week as both purchase and refinancing applications increased, an industry group said on Wednesday.
