Exclusive: Germany eyes sale of stakes in Deutsche Telekom, Post
BERLIN (Reuters) – The German government is considering reducing its stakes in Deutsche Telekom and Deutsche Post , hoping to cash in on high share values at a time when it is under pressure to spend more to stimulate its faltering economy.
Alibaba’s Ma: financial services IPO ‘definite’, eyes China mainland listing
HANGZHOU China/BEIJING (Reuters) – Alibaba Group Holding Ltd’s finance services arm “will definitely go public,” Executive Chairman Jack Ma said on Tuesday, eyeing a mainland China listing for the e-commerce company’s crown jewel.
StanChart to axe 80-100 branches under revival plan
LONDON (Reuters) – Asia-focused bank Standard Chartered plans to cut up to 100 retail branches in 2015, or 8 percent of its network, to help save $400 million a year to improve profitability.
Global stocks rise, Brent crude hits four-year low
LONDON (Reuters) – European stocks rose on Tuesday, with investors in bullish mood after Wall Street notched up a fourth straight record close and Tokyo’s Nikkei hit a seven-year high on talk that a Japanese sales tax increase may be delayed.
Airbus aims to double China component sourcing value to $1 billion by 2020
ZHUHAI China (Reuters) – European jet maker Airbus Group NV aims to double the annual value of aircraft components it sources from China to $1 billion by 2020, the firm’s China Chief Operating Officer, Rafael Gonzalez-Ripoll-Garzon, said on Tuesday.
Hyundai, Kia unveil share buybacks after anger over property purchase
SEOUL (Reuters) – Hyundai Motor Co and affiliate Kia Motors unveiled share buybacks worth a combined 670 billion won ($615 million), in an apparent bid to appease investors angered by the sky-high price paid for property to house new headquarters.
Currency hedged ETFs outperform, pick up inflows as dollar gains
NEW YORK (Reuters) – U.S. investors who believe the dollar’s 2014 surge will continue are pouring money into exchange-traded funds that invest in foreign markets but hedge the currency part of the bet.
Aluminum-intensive Ford F-150 truck on sale in December
DETROIT (Reuters) – Ford Motor Co on Tuesday is scheduled to begin production of its redesigned, aluminum-intensive F-150 full-size pickup truck, a key profit generator for the No. 2 U.S. automaker that will go on sale next month.
COMAC signs deal for 30 C919 jets with China Merchants Bank: source
ZHUHAI China (Reuters) – Chinese state-owned plane maker Commercial Aircraft Corp of China (COMAC) has signed an initial agreement to sell 30 of its C919 single-aisle commercial jets to the financial leasing arm of China Merchants Bank , a person with …
Exclusive: Clear Channel mulls sale of European assets – sources
(Reuters) – The debt-laden parent of outdoor advertising company Clear Channel Outdoor Holdings is exploring options for its European outdoor advertising business after receiving offers from private equity firms, according to four people familiar with …
