Tragedy-hit Malaysia Airlines to lose 6,000 jobs in bold revamp
KUALA LUMPUR (Reuters) – Malaysia Airlines (MAS) will slash nearly a third of its 20,000 workforce and cut back its global route network as part of a radical 6 billion ringgit ($1.9 billion) restructuring following the devastating impact of two jetline…
Draghi dials R for Reform. Line is busy
FRANKFURT (Reuters) – Two years ago, euro zone government leaders hung on Mario Draghi’s every word. Now the European Central Bank chief is struggling to get through to them. What has happened to ‘Super Mario’s’ mojo?
Major Carlsberg shareholder cuts stake
COPENHAGEN (Reuters) – The largest fund shareholder in Carlsberg , which has proven vulnerable to deteriorating conditions in Russia and has lowered its 2014 guidance, has cut its stake in the company by a quarter, the brewer said on Friday.
Special Report: The billion-dollar fall of the house of Espirito Santo
LISBON (Reuters) – On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it.
Bulgaria may let Corpbank depositors get partial access to accounts
SOFIA (Reuters) – Depositors at Bulgaria’s Corporate Commercial Bank (Corpbank) may get partial access to their funds at the troubled bank in September, Interim Finance Minister Rumen Porozhanov said on Friday.
Japan household spending slumps, output flat as tax pain persists
TOKYO (Reuters) – Japanese household spending fell much more than expected and factory output remained weak in July after plunging in June, government data showed, suggesting that soft exports and a sales tax hike in April may drag on the economy longe…
Germanwings pilots start strike as Lufthansa row rumbles on
BERLIN (Reuters) – Pilots at Lufthansa’s Germanwings started a six-hour strike on Friday, disrupting the travel plans of thousands of people returning from summer holidays, applying pressure on Lufthansa management in their dispute over a pension schem…
China funds cut suggested equity allocations as hopes for recovery evaporate: Reuters poll
SHANGHAI (Reuters) – Chinese fund managers will cut the proportion of their portfolios invested in stocks over the next three months, following July’s upward trend, as hopes for a quick economic recovery falter, a Reuters poll shows.
Telefonica prevails in battle for Vivendi’s Brazil unit GVT
PARIS (Reuters) – French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia .
Exclusive: Morgan Stanley plans natural gas export plant in new commodities foray
NEW YORK (Reuters) – Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil busi…
