Credit Suisse CEO faces more calls to quit in U.S. tax dispute
ZURICH (Reuters) – Credit Suisse Chief Executive Brady Dougan came under further pressure to resign on Sunday, with a key figure in Switzerland’s largest party becoming the latest politician to call for a change in the bank’s leadership over its role i…
BMW to announce its first Mexican car plant in July: report
BERLIN (Reuters) – BMW plans to announce in July that it will build its first assembly plant in Mexico and has earmarked two regions where the site could be built, Automobilwoche reported on Sunday, without citing the source of the information.
AstraZeneca arrays academic assets in Pfizer defense
CAMBRIDGE, England (Reuters) – Rising up from the fields around the university city of Cambridge, the steel towers of the Laboratory of Molecular Biology, are scientific pillars in the defense that drugs group AstraZeneca is mounting against a takeover…
Fed may need to update its interest rate guide
NEW YORK (Reuters) – Interpreting Federal Reserve policy is hard enough, but the central bank may need to dust off its ‘How to’ guide to explain the nuts and bolts of new tools it will use when it finally starts to raise interest rates.
UK housing market has deep problems, says BoE’s Carney
LONDON (Reuters) – Bank of England Governor Mark Carney gave his strongest warning to date about the risks of a housing bubble and said policymakers were looking at new measures to control mortgage lending.
No sign of major central banks tightening the reins
LONDON (Reuters) – Government bond yields have tumbled on the basis that the world’s major central banks will continue to keep monetary policy easy and in some cases loosen further.
China says faster economic reforms needed
BEIJING (Reuters) – China will try to quicken the pace of economic reform this year as part of the government’s efforts to arrest a slowdown in the world’s second-largest economy, the country’s top economic planning agency said late on Saturday.
Pulled pork IPO shows China private equity not yet ready for world stage
HONG KONG (Reuters) – China’s biggest buyout firm, CDH Investments, is known as “The Blackstone of China” for its savvy deal making and spread of businesses, but last month’s pulled IPO of pork producer WH Group Ltd is a setback to its global ambitions…
New York Times publisher denies sexism, calls Abramson bad manager
NEW YORK (Reuters) – New York Times Co publisher Arthur Sulzberger Jr. on Saturday denied the ouster of top editor Jill Abramson was due to gender bias and listed ways in which she was a bad manager.
AT&T nears DirecTV purchase in new jolt to TV landscape
NEW YORK (Reuters) – AT&T is close to announcing that it will buy the No. 1 U.S. satellite TV operator DirecTV, according to people familiar with the matter, in the second potentially transformative deal to jolt the U.S. television industry this year.
