Publicis boss on the spot at investor day
PARIS (Reuters) – Eighteen months after celebrating a corporate marriage with U.S.-based Omnicom that was to dominate the world of advertising, Publicis and its boss Maurice Levy are single again, and face some awkward questions.
U.S. mortgage applications fall in latest week: MBA
NEW YORK, Dec 3 Reuters) – Applications for U.S. home mortgages fell last week as refinancing applications dropped, an industry group said on Wednesday.
Exclusive: Takata CEO called to explain air bag crisis to Japan’s industry ministry: sources
TOKYO (Reuters) – Japan’s powerful industry ministry has summoned Shigehisa Takada, chairman and CEO of Takata Corp, to explain what the company is doing to resolve a crisis over potentially deadly air bags, two people with knowledge of the matter told…
Daimler to pick Mercedes sales chief for management board role: report
BERLIN (Reuters) – Daimler plans to appoint Mercedes sales chief Ola Kaellenius to its management board as the German carmaker lines up potential candidates to succeed chief executive Dieter Zetsche, Bilanz magazine reported on Wednesday.
Euro zone risks return to contraction, China outlook smoggy
LONDON (Reuters) – The euro zone economy may face another contraction after business activity grew less than expected in November despite heavy discounting, surveys on Wednesday showed, although Asian readings were more upbeat.
Brazil fines pension fund for breaching Petrobras board vote rules
SAO PAULO (Reuters) – Brazil’s securities industry watchdog CVM fined late on Tuesday the pension fund owned by workers of state-controlled oil producer Petróleo Brasileiro SA for participating on the election of board and fiscal council members that was reserved only for minority shareholders.
Euro zone retail sales return to growth at start of fourth quarter
BRUSSELS (Reuters) – Euro zone retail sales returned to growth in October, data showed on Wednesday, pointing to rising demand from households after a weak third quarter.
Better terms win Morgan Stanley $4.8 billion Ping An share placement deal: sources
HONG KONG (Reuters) – A lucrative, last-minute pitch by Morgan Stanley won it the role of sole placing agent for last week’s $4.8 billion stake sale in Ping An Insurance Group Co of China Ltd , people with knowledge of the matter said.
Shares rise, euro falls as ECB easing bets mount
LONDON (Reuters) – Stocks rose and the euro hit its weakest in more than two years on Wednesday, a day before a crucial European Central Bank meeting that may pave the way for more monetary easing in the euro zone.
Euro zone economy looking set to contract in the new year: PMI
LONDON (Reuters) – Heavy discounting failed to stop euro zone business activity growing less than thought last month, a survey showed on Wednesday, suggesting the bloc’s economy may contract again early next year.
