Exclusive: Tony James looks beyond Blackstone – sources
NEW YORK (Reuters) – Blackstone Group LP’s No. 2 executive Tony James is considering taking a role outside the world’s largest alternative asset manager, including seeking a top job in a future U.S. government, according to people familiar with his thinking.
Shares lifted by ECB, Chinese and Japanese stimulus hopes
LONDON (Reuters) – Bets that European Central Bank chief Mario Draghi will open the door wider to U.S.-style money printing pinned the euro at a two-year low and lifted world shares on Thursday, as China and Japan also geared up for more stimulus.
Pilot strike grounds half of long-haul flights at Lufthansa
FRANKFURT/BERLIN (Reuters) – Pilots at Lufthansa started their second strike this week on Thursday, grounding about half of scheduled long-haul flights at the German flagship carrier, in a drawn-out dispute over an early retirement scheme.
Exclusive: Trafigura China employee arrested over alleged oil fraud
BEIJING (Reuters) – Chinese police have arrested an employee of commodity trader Trafigura as part of an investigation into an alleged $32 million gasoline trade fraud, according to an official arrest warrant seen by Reuters.
Sky sells controlling stake in betting business to CVC
LONDON (Reuters) – European pay-TV group Sky has agreed to sell a controlling stake in Sky Bet to CVC Capital Partners [CVC.UL] in a deal which values the online betting business at 800 million pounds ($1.3 billion).
Toyota expands Takata air bag recall in Japan, China
TOKYO (Reuters) – Toyota Motor Corp said on Thursday it would call back 190,000 more vehicles to replace potentially defective air bags made by Takata Corp , and Japan’s regulator said it may change its recall system to better respond to what it called…
Best Buy to sell China business, focus on North America
SHANGHAI (Reuters) – U.S. retailer Best Buy Co Inc said on Thursday it will sell its struggling China business, Five Star, to domestic real estate firm Zhejiang Jiayuan Group in order to focus on its North American operations.
Volkswagen to give more power to brands, regions
WOLFSBURG, Germany (Reuters) – Volkswagen will hand more power to brand managers and regional bosses, its labor leader told Reuters, as Europe’s biggest carmaker looks to address underperformance in markets such as the United States and Brazil.
GSK cuts U.S. research and sales jobs as market gets tougher
LONDON (Reuters) – GlaxoSmithKline is to shed hundreds of U.S. commercial and research jobs, restructuring operations in its biggest market where drug sales are flagging.
Exclusive: Swiss firm Trafigura helped Iraqi Kurds defy Baghdad to sell oil – sources
LONDON (Reuters) – Trafigura, one of the world’s biggest commodities trading firms, played a pivotal role in helping Iraq’s semi-autonomous Kurdish region export oil, which the Iraqi government considered illegal, three sources familiar with the trades…
