China faces more pressure as Nov imports shrink unexpectedly, exports slow
BEIJING (Reuters) – China’s imports shrank unexpectedly in November while export growth slowed, fuelling concerns the world’s second-largest economy could be facing a sharper slowdown and adding pressure on policymakers to ramp up stimulus measures.
Madison backs Qatari bid for Canary Wharf owner Songbird
LONDON (Reuters) – Songbird Estates shareholder Madison International Realty plans to accept Qatar Investment Authority’s (QIA) offer for the British property company, the sovereign wealth fund behind the hostile move said.
The legal mastermind behind New York’s record bank fines
NEW YORK (Reuters) – Billions of dollars have flowed to New York state coffers thanks to headline-grabbing settlements with global banks announced by Governor Andrew Cuomo and Benjamin Lawsky, New York’s first superintendent of financial services.
China’s Dalian Wanda slashes IPO to $3.9 billion; investors worry about debt
HONG KONG (Reuters) – Dalian Wanda Commercial Properties Co Ltd, the world’s second largest developer of shopping malls and office buildings, cut the size of its Hong Kong IPO by around a third to $3.9 billion to lure investors worried about its huge d…
Homeowners, Wells Fargo head to trial over mortgage fees
NEW YORK (Reuters) – Wells Fargo & Co, the largest U.S. mortgage lender, is set to go to trial on Monday as homeowners seek to recoup about $629 million for alleged overcharges by a company once owned by Wachovia Corp.
Infosys founders seeking $1.1 billion via stake sale: source
HONG KONG (Reuters) – Some of the founders of Infosys Ltd want to sell shares for $1.1 billion in the Indian IT outsourcing company, a person familiar with the matter said, months after the company picked its first outsider as chief executive officer.
Credit Suisse evaluates prime brokerage business as part of October cuts: source
(Reuters) – Credit Suisse AG is considering scaling down its prime brokerage business as part of already announced efforts to reduce risk in its investment banking division, a person familiar with the matter told Reuters.
ECB’s loans offer clues in quantitative easing guessing game
BRUSSELS (Reuters) – The guessing game over the timing of euro zone money printing will intensify as the European Central Bank unveils a closely watched gauge of policy in the coming week, the highlight of a calendar dominated by Europe’s malaise.
Credit Suisse evaluates prime brokerage business as part of October cuts: source
(Reuters) – Credit Suisse AG is considering scaling down its prime brokerage business as part of already announced efforts to reduce risk in its investment banking division, a person familiar with the matter told Reuters.
Taiwan hangs out ‘tiny welcome sign’ for China delegation
TAIPEI (Reuters) – Chinese officials and business leaders visiting Taiwan this week can expect a lukewarm welcome at best, with the resurgence of the pro-independence opposition casting further doubt on deals already slowed by public suspicion of close…
