Britain’s ring-fence a new hurdle for bank directors
LONDON/DUBLIN (Reuters) – Britain’s major lenders may find it hard to hire dozens of directors that are required as part of a radical reshape of the industry aimed at protecting it from future investment bank crashes.
China offers hint of growth prospects, Germany expects more bad news
LONDON (Reuters) – China’s economy, the second largest in the world, gets a spot check this week with a barrage of data due that should indicate how successful Beijing has been in supporting growth.
Russia’s Rosneft seeks UK-certified lawyers in sanctions fight
MOSCOW (Reuters) – Russia’s top oil producer Rosneft has turned to UK-certified lawyers in its fight against Ukraine-related Western sanctions which have hit the company’s output and prospects for its push to tap Arctic riches.
European bank mergers still face hurdles post-stress tests
PARIS (Reuters) – Health checks on Europe’s banks may reveal takeover targets, but because protectionist regulation across the region has yet to be addressed, any post-“stress test” tie-ups are likely to be along national lines and could make a splinte…
World economies warn of global risks, call for bold action
WASHINGTON (Reuters) – The International Monetary Fund’s member countries on Saturday said bold action was needed to bolster the global economic recovery and they urged governments not to squelch growth by tightening budgets too drastically, although G…
World economies warn of global risks, call for bold action
WASHINGTON (Reuters) – The International Monetary Fund’s member countries on Saturday said bold action was needed to bolster the global economic recovery and they urged governments not to squelch growth by tightening budgets too drastically, although G…
Fed officials say global slowdown could push back U.S. rate hike
WASHINGTON (Reuters) – Federal Reserve officials on Saturday took stock of a slowdown in the global economy and said it could delay an increase in U.S. interest rates if serious enough.
Air France-KLM to press ahead with low cost brand in France: paper
PARIS (Reuters) – Air France-KLM is pressing ahead with expansion of its low cost brand in France and has a back-up plan if a deadlock with pilots continues, its Chairman and Chief Executive Officer Alexandre de Juniac said in an interview published on…
Banks accept derivatives rule change to end ‘too big to fail’ scenario
LONDON (Reuters) – The $700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.
Fed’s Evans says dollar putting downward pressure on inflation
WASHINGTON (Reuters) – A stronger dollar and weak global inflation are putting downward pressure on the pace of price increases in the U.S. economy, posing a challenge for the Federal Reserve, a top Fed official said on Saturday.
