Asia stocks make cautious gains before data splurge
SYDNEY (Reuters) – Asian share markets edged cautiously higher on Monday while the dollar stayed under pressure ahead of packed week of economic data that will test investor hopes for a pick up in the U.S., and global, economy.
ANZ considers expanding physical commodity trading: source
SYDNEY/SINGAPORE (Reuters) – Australia and New Zealand Banking Group is considering expanding its physical commodity trading business as it aims to step into the gap left by the retreat of big Wall Street and European banks, a bank source with direct k…
Sex video is new twist in GSK China bribery scandal
LONDON (Reuters) – GlaxoSmithKline GSK.L on Sunday confirmed the existence of an intimate video recording of its former China head, Mark Reilly, which the Sunday Times reported kicked off a bribery investigation that has damaged the drugmaker’s busines…
Global bank profits hit $920 billion as Chinese lenders boom
LONDON (Reuters) – China’s top banks accounted for almost one-third of a record $920 billion of profits made by the world’s top 1000 banks last year, showing their rise in power since the financial crisis, a survey showed on Monday.
Obama to nominate former P&G CEO Bob McDonald as veterans secretary
WASHINGTON (Reuters) – President Barack Obama has chosen former Procter & Gamble Chief Executive Bob McDonald, an Army veteran, as his nominee to be the next secretary of veterans affairs, a senior Obama administration official said on Sunday.
U.S. government to unveil record fine for France’s BNP: sources
PARIS/NEW YORK (Reuters) – The U.S. Justice Department is expected to announce on Monday a settlement with BNP Paribas involving a record fine of nearly $9 billion over alleged U.S. sanctions violations by France’s biggest bank, sources familiar with the matter said.
Sex video is new twist in GSK China bribery scandal
LONDON (Reuters) – GlaxoSmithKline on Sunday confirmed the existence an intimate video recording of its former China head Mark Reilly, which the Sunday Times reported kicked off a bribery investigation that has damaged the drugmaker’s business in China…
In corporate tax reform, Abenomics giveth, and taketh away
TOKYO (Reuters) – For corporate Japan, burdened by one of the industrialized world’s steepest tax rates, a tax cut at the center of Prime Minister Shinzo Abe’s latest growth strategy will end up giving with one hand – and taking back with the other.
Rothschild fund raises $530 million to invest in Africa: FT
(Reuters) – Swiss private banking group Edmond de Rothschild has raised $530 million for its first Africa-focused fund, the Financial Times reported on Sunday.
Ex-BP executive can be charged with obstructing Congress: U.S. court
(Reuters) – A U.S. federal appeals court has reinstated a criminal charge of obstruction of Congress against a former BP Plc executive accused of downplaying the severity of the 2010 Gulf of Mexico oil spill.
