EU regulators expect Novo Banco sale to proceed as agreed
BRUSSELS (Reuters) – European Union state aid regulators expect Portugal to sell Novo Banco, the successor to troubled Banco Espirito Santo (BES) , in line with a pledge made in return for regulatory approval of its 4.9-billion-euro state bailout.
Wells Fargo finds mortgage myths hamper home purchases
NEW YORK (Reuters) – Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo & Co , the largest U.S. mortgage lender.
Startups go Dutch for new era in manufacturing
AMSTERDAM (Reuters) – Beneath the low beams of a converted warehouse in Amsterdam lives a company with many of the attributes of a Silicon Valley startup, except that at less than a year old it has zero venture capital and says it is already making eno…
Lufthansa pilots to strike in Frankfurt on Tuesday
FRANKFURT (Reuters) – Lufthansa pilots will hold an eight-hour strike on Tuesday, wiping out long-haul flights from its Frankfurt hub, union Vereinigung Cockpit said on Monday, announcing the fourth strike by the pilots to hit the German airline within…
Euro zone trade surplus rises in July on growing exports
BRUSSELS (Reuters) – The euro zone’s trade surplus rose year-on-year in July as exports grew faster than imports, pointing to a positive contribution to economic growth at the start of the third quarter, the European Union’s Statistics office data show…
China anxiety knocks shares, oil
LONDON (Reuters) – Stock markets fell on Monday after China’s factory output grew at the weakest pace in nearly six years in August, while worries over the impact of another round of sanctions on Russian projects added to headwinds for Moscow-listed co…
Sinopec to sell $17.5 billion retail stake in privatization push
HONG KONG/BEIJING (Reuters) – State-controlled oil giant Sinopec Corp on Sunday unveiled a plan to sell a $17.5 billion stake in its retail business, marking the country’s biggest privatization push since President Xi Jinping came to power almost two y…
Heineken confirms, rebuffs SABMiller bid
LONDON/AMSTERDAM (Reuters) – Dutch brewer Heineken HEIN.AS said on Sunday it was approached by larger rival SABMiller SAB.L about a potential takeover but that its controlling shareholder intended to keep the company independent.
Cargill fires first shot in legal battle over GMO trade responsibility
CHICAGO (Reuters) – Cargill Inc’s [CARG.UL] lawsuit against Syngenta AG over rejections of genetically modified U.S. corn by China may be just the start of legal challenges against global seed makers over trade with one of the world’s biggest markets.
Bank of Portugal picks new CEO for BES successor Novo Banco
LISBON (Reuters) – The Bank of Portugal on Sunday picked a new chief executive for Novo Banco, successor to Banco Espirito Santo (BES), following the embarrassing resignation of its three top managers appointed only two months ago.
