Exclusive: Greece’s Alpha Bank to securitise 1 billion euros of shipping loans: sources
ATHENS/LONDON (Reuters) – Greece’s Alpha Bank plans to securitise about 1.0 billion euros ($1.36 billion) of shipping loans this summer in one of the first European asset-backed deals in this industry for years, a banker with Alpha Bank and another fin…
BNP plans dividend cut and bond issue as U.S. settlement nears: WSJ
PARIS (Reuters) – BNP Paribas plans to slash its dividend and raise funds by selling billions of euros of bonds next week, as it nears a costly settlement with U.S. authorities over sanctions violations, the Wall Street Journal reported.
U.S. consumer sentiment rises in final June reading
NEW YORK (Reuters) – U.S. consumer sentiment rose in June as consumers remained optimistic the sluggish first quarter was due to difficult winter conditions, a survey released on Friday showed.
GM recalls 194,107 Buicks in China due to headlight issue
SHANGHAI (Reuters) – A joint venture of General Motors Co in China will recall 194,107 locally made Buick vehicles due to Chinese consumer complaints about the cars’ headlights, the country’s quality watchdog said on Friday.
GM recalls 194,107 Buicks in China due to headlight issue
SHANGHAI (Reuters) – A joint venture of General Motors Co in China will recall 194,107 locally made Buick vehicles due to Chinese consumer complaints about the cars’ headlights, the country’s quality watchdog said on Friday.
Exclusive: Airbus poised to revamp A330 with Rolls-Royce
PARIS (Reuters) – Airbus is set to upgrade its A330 with engines provided exclusively by Rolls-Royce, setting the stage for a bitter new phase in a battle for wide-body jet orders with Boeing’s 787 Dreamliner, people familiar with the matter said.
Senators urge inquiry into Commonwealth Bank finance planning scandal
SYDNEY (Reuters) – A Senate committee report has recommended an independent inquiry into a financial planning scandal at the Commonwealth Bank of Australia (CBA) , with the bank accused of covering up misconduct that left thousands of its customers wit…
Exclusive: Air bag accident, lawsuit led to GM Cruze recall
DETROIT/NEW YORK (Reuters) – An accident that left a Georgia woman blind in one eye and a subsequent lawsuit led to General Motors Co’s recall of about 33,000 Chevrolet Cruze sedans in North America for potentially defective air bags made by Takata Cor…
Asian shares slip, global bond yields down on growth concerns
TOKYO (Reuters) – Asian shares were mostly in the red on Friday, weighed down by a weak performance on Wall Street and doubts about the strength of the U.S. economy, which pushed bonds higher.
Japan jobless rate hits 16-year low, signals spending rebound ahead
TOKYO (Reuters) – Japan’s unemployment rate hit a 16-year low in May, suggesting the economy will rebound in the third quarter from a sales tax hike and consequent slump in consumer spending.
