Accor among potential buyers of Louvre Hotels: source
PARIS (Reuters) – Accor , Europe’s largest hotel group, is among potential buyers of No. 2 budget operator Louvre Hotels, which owner U.S. investment group Starwood Capital is seeking to sell, a source close to the matter said on Monday.
China Sept vehicle sales growth slowest in 19 months
BEIJING (Reuters) – China’s September auto sales rose 2.5 percent from a year earlier, its slowest pace in 19 months, dragged down by sluggish sales of commercial vehicles such as trucks, an industry association said on Monday.
IMF launches consultations on Islamic finance
(Reuters) – The International Monetary Fund has held its first consultation with an external advisory group of Islamic finance industry bodies, as regulators across the globe seek to address structural issues in the sector.
U.S. banks ramp up credit card lending but margins may suffer
NEW YORK (Reuters) – As traditional Wall Street moneymakers like stock and bond trading suffer, banks are growing increasingly willing to invest in less glamorous operations: their credit card businesses.
Canadian Pacific approached CSX about merger: WSJ
(Reuters) – Canadian Pacific Railway Ltd has approached CSX Corp about merging the two North American railroad operators to create a transcontinental carrier worth more than $60 billion, according to the Wall Street Journal.
Trade engine shifts down just as global growth needs a boost
WASHINGTON (Reuters) – Policymakers scrambling to keep the world economy from settling into the “new mediocre” of sluggish growth can no longer rely on global trade to do the heavy lifting.
Earnings of FTSE 100 executives rise a fifth as incentives climb
LONDON (Reuters) – Directors at London-listed blue-chip companies earned 21 percent more in the 2013/14 financial year thanks to a steep rise in long-term incentives, a report showed on Monday.
European banks raise more capital before ECB stress test: report
LONDON (Reuters) – Euro zone banks have raised 35 percent more capital ahead of the European Central Bank’s (ECB) latest stress test than they had set aside before the 2011 review, according to a report published by law firm Linklaters.
Euro zone seeks to soften German opposition to stimulus spending
LUXEMBOURG (Reuters) – France and Italy will keep pressure on Germany this week to use government money to revive the euro zone’s stagnating economy but in a sign of inertia, a promised list of projects to create growth will not be ready until December…
Deutsche clampdown on bad behavior prompts exodus of traders: FT
(Reuters) – Senior bankers at Deutsche Bank AG are leaving the bank amid a crackdown on bad behavior by traders, as the bank undergoes a probe by global regulators into allegations of attempts to rig markets, the Financial Times reported on Sunday.
