Weaker U.S. personal earnings, home-price expectations: New York Fed survey
NEW YORK (Reuters) – Americans expected weaker personal earnings growth and home prices, according to a survey done last month by the Federal Reserve Bank of New York.
U.S. seeks up to 6-1/2 years in prison for SAC’s Steinberg
NEW YORK (Reuters) – U.S. prosecutors are urging a federal judge impose a sentence of up to 6-1/2 years in prison for Michael Steinberg, a portfolio manager at Steven A. Cohen’s SAC Capital Advisors convicted last year on insider trading charges.
Swiss lawmakers pile pressure on Credit Suisse boss Dougan
ZURICH (Reuters) – Credit Suisse Chief Executive Brady Dougan is under pressure from lawmakers to resign over the Swiss bank’s role in helping wealthy Americans dodge taxes, a legal headache that could cost the bank as much as $1.6 billion to resolve.
Exclusive: ECB gets pragmatic to keep bank test deadlines in sight
LONDON (Reuters) – The European Central Bank has quietly made a series of concessions to banks that will make it easier for them to meet the tight deadlines of a landmark review of their businesses, four sources familiar with the process told Reuters.
East-West crisis to overshadow EBRD meeting 25 years after Cold War
LONDON/WARSAW (Reuters) – A quarter century after the Cold War ended, the European Bank for Reconstruction and Development will cut its growth forecasts this week as a new East-West standoff over Ukraine hurts many post-communist economies.
GM reassigns executive who dealt with ignition switch probe
DETROIT (Reuters) – General Motors Co has reassigned an executive who dealt with U.S. safety regulators probing defective ignition switches linked to at least 13 deaths, as part of a restructuring meant to improve vehicle safety, the automaker said on …
UniCredit returns to profit as bad loans fall
MILAN (Reuters) – UniCredit returned to profit in the first quarter of the year and said bad loans had fallen for the first time since 2008 as the Italian economy shows the first signs of recovery.
Nissan to focus on boosting profit margins over market share
YOKOHAMA, Japan (Reuters) – Nissan Motor Co will prioritize boosting profit margins over market share, its CEO said on Monday, signaling a shift in emphasis after the Japanese automaker forecast the lowest operating margin among its peers for this fina…
India’s new government must wrestle with weak output, inflation
NEW DELHI (Reuters) – India’s ailing economy showed little sign of improvement on Monday, trapped in a spell of weak growth and high inflation when the country is on the cusp of political change that is widely expected to script an economic revival.
Croatia wants influence in INA’s upstream segment in MOL row
ZAGREB (Reuters) – Croatia wants a bigger say in the upstream division of its leading energy firm INA amid figures showing a sharp fall in investment, Economy Minister Ivan Vrdoljak said on Monday, fuelling the country’s spat with joint owner MOL.
