Ukraine nerves send European shares lower
LONDON (Reuters) – European stock markets lost more ground on Monday, with optimism over U.S. corporate results drowned out by concern over the situation in Ukraine and the potential for growth-sapping sanctions.
Julius Baer expects to settle U.S. tax case in months
ZURICH (Reuters) – Julius Baer expects to strike a deal with U.S. authorities in a matter of months to settle a criminal investigation into the Swiss bank’s role in helping wealthy Americans evade their taxes, its chief executive said on Monday.
A Fox-Time Warner deal would give Murdoch new heft in China
(Reuters) – Rupert Murdoch’s plan to buy Time Warner would help the Twenty-First Century Fox chairman make larger inroads in China, a fast-growing market that media moguls are finding hard to crack.
Citi’s Banamex, regulator clash over who played key role in loan fraud
MEXICO CITY/NEW YORK (Reuters) – Preliminary findings of a probe by Citigroup’s Mexican unit, Banamex, into how it lost more than $500 million in a corporate loan fraud differ markedly from the results of a separate investigation by the Mexican banking regulator.
Julius Baer CEO sees ‘fair and equitable’ solution to U.S. probe
ZURICH (Reuters) – Julius Baer said it believes it will find a “fair and equitable” solution to a U.S. criminal probe into the Swiss bank’s role in helping wealthy Americans evade their taxes.
NABE survey points to rising U.S. wage pressures
WASHINGTON (Reuters) – The share of U.S. companies raising wages more than doubled in the three months to July from a year ago, a survey showed on Monday, suggesting a faster pace of wage growth.
Is Germany still the champion?
BRUSSELS (Reuters) – A week on from its World Cup soccer victory, Germany may return to center stage, though this time not with fan celebrations but concerns over the health of Europe’s economic motor.
China’s rich look abroad as home prices fall, others stay put
BEIJING (Reuters) – Rattled by falling home prices, some of the wealthiest Chinese are paring their property investments and turning to private equity or overseas holiday homes, a sign of fading hopes that the once red-hot market can bounce back any ti…
Wal-Mart adds $102.9 million in Indian wholesale business in June
MUMBAI (Reuters) – Wal-Mart Stores Inc has infused fresh funds worth 6.2 billion rupees ($102.9 million) into its Indian wholesale business in June, according to a filing made by its Indian unit to the Registrar of Companies.
Anglo American to unveil plan to shed platinum mines, cut 20,000 jobs: media
(Reuters) – Anglo American Plc will unveil on Monday its plan to dispose of its oldest South African platinum mines, a move that would reduce the global miner’s staff count by a fifth of its total workforce, the Sunday Times reported.
