G20 proposes buffer to end too big to fail banks
LONDON (Reuters) – The world’s biggest banks should hold a buffer of bonds in case of a collapse so that government bailouts are avoided, a global regulatory body proposed on Monday.
Honda CEO says to prioritize quality over sales target
TOKYO (Reuters) – Honda Motor Co’s CEO said he would prioritize quality improvements over the company’s target of selling 6 million cars in the year starting April 2016, as the automaker recalls millions of cars to fix potentially defective air bags.
Asian shares firm after sound U.S. data
TOKYO (Reuters) – Asian shares gained on Monday after U.S. jobs data pointed to solid economic growth, with Hong Kong leading the gains after regulators set a date for long-awaited trading link the between the Hong Kong and Shanghai stock exchanges to …
Bombardier says China Express Air orders 16 planes
BEIJING (Reuters) – China Express Airlines has placed a firm order for 16 CRJ900 NextGen regional jets from Bombardier Inc , the Canadian firm said in a statement late on Sunday.
Singapore casinos brace for battle as VIP volumes fall
SINGAPORE (Reuters) – Singapore’s two glitzy casinos are fighting for a shrinking pool of high rolling players as China’s corruption crackdown and economic slowdown reduce the number of VIPs at their tables, and the battle is starting to turn ugly.
Time Warner eyes $588 million bid for Australia’s Ten Network: media
SYDNEY (Reuters) – U.S. media giant Time Warner Inc has approached struggling Australian broadcaster Ten Network Holdings Ltd about a A$680 million ($588 million) takeover bid, the Australian Financial Review reported on Monday.
Singapore casinos brace for battle as VIP volumes fall
SINGAPORE (Reuters) – Singapore’s two glitzy casinos are fighting for a shrinking pool of high rolling players as China’s corruption crackdown and economic slowdown reduce the number of VIPs at their tables, and the battle is starting to turn ugly.
American Airlines attendants reject contract by 16 votes
NEW YORK (Reuters) – American Airlines Group Inc flight attendants narrowly rejected a joint labor contract on Sunday, in a defeat following the merger of American and the former US Airways last year that brought together a combined workforce of some 2…
BlackBerry CEO sees fewer new devices, focus on profitability
TORONTO (Reuters) – BlackBerry, which has completed the first phase of its two-year turnaround plan, is now focused on profitability and will not spread itself thin by attempting to launch too many new devices, its chief executive said.
Siemens should keep majority if healthcare unit floated: union
FRANKFURT (Reuters) – Siemens has agreed to keep its healthcare unit as a “part of its long-term, strategic core portfolio” and must strive for majority ownership even if the unit is listed on the stock market, according to trade union IG Metall.
