Standard Chartered to close Swiss private bank: media
ZURICH (Reuters) – Standard Chartered is set to close its Swiss private bank in Geneva, broadcaster Radio Television Suisse (RTS) reported on Monday.
Airlines seek real-time aircraft tracking after MH370 mystery: U.N. official
KUALA LUMPUR (Reuters) – Major airlines want real-time tracking for commercial aircraft following the disappearance of Malaysia Airlines flight MH370 and cost is not a concern, a senior official with the United Nations’ aviation agency said on Monday.
Sony, Shanghai Oriental Pearl to set up China PlayStation JVs
BEIJING (Reuters) – Japan’s Sony Corp and China’s Shanghai Oriental Pearl Group Co Ltd will set up two joint ventures to make and market Sony’s PlayStation games console in China, Shanghai Oriental Pearl said in a stock exchange filing on Monday.
BOJ’s Sato proposed highlighting risks on price target: minutes
TOKYO (Reuters) – Bank of Japan board member Takehiro Sato proposed changing the central bank’s assessment of prices to say that risks are tilted somewhat to the downside, highlighting skepticism within the board that Japan would be able to decisively …
Prawns replace abalone as China property developers go down-market
HONG KONG (Reuters) – The Chinese developer behind an eight-storey clubhouse with a billion-dollar view over Shanghai’s Huangphu River is turning to lower-end coffee shops and restaurants to fill the space, as a broad anti-graft campaign puts the brake…
IMF’s Lagarde calls for closer cooperation among central banks
SINTRA, Portugal (Reuters) – Christine Lagarde, managing director of the International Monetary Fund, called on Sunday for closer cooperation among the world’s central banks to cope with the challenges of increasingly interlinked and complex financial …
China’s state-owned sector told to cut ties with U.S. consulting firms
(Reuters) – China has told its state-owned enterprises to sever links with American consulting firms just days after the United States charged five Chinese military officers with hacking U.S. companies, the Financial Times reported on Sunday.
Credit Suisse chief executive says no plans to quit: paper
ZURICH (Reuters) – Credit Suisse’s Chief Executive Brady Dougan told a Swiss Sunday newspaper he has no plans to step down and his bank would not need a capital increase despite a $2.5 billion deal with U.S. authorities over a tax dispute.
Business aviation picks up, but jet surplus persists
SEATTLE (Reuters) – Business aircraft are taking to the skies again as many economies around the world improve, but a surplus of jets delivered just before the recession means the equivalent of 2,750 jets remain parked in hangars.
Quality issues push e-cigarette production to U.S. from China
(Reuters) – Some of the leading U.S. producers of electronic cigarettes are moving their manufacturing to the United States from China in response to growing concern about quality and the prospect of tighter federal regulations.
