Venezuela’s Polar finds temporary solution to currency hurdle
CARACAS (Reuters) – Venezuela’s largest private company Empresas Polar said on Saturday it was re-starting production of pasta halted over delays in foreign currency allocations from the government.
Merkel says German government would support Siemens-Alstom tie-up
STRALSUND, Germany (Reuters) – Chancellor Angela Merkel said on Saturday the German government would support a tie-up between engineering firm Siemens and French rival Alstom if the corporate decision-makers decide that it would make sense.
UK finance minister ready for ‘hard negotiation’ with Pfizer
LONDON (Reuters) – Britain is ready for “hard negotiation” to ensure Pfizer sticks to specific promises on jobs and science under the U.S. drugmaker’s proposed takeover of AstraZeneca, its finance minister said.
Deutsche Bank managers cleared in internal Libor probe: report
FRANKFURT (Reuters) – Deutsche Bank has cleared its top management after an internal investigation into manipulation of the Libor benchmark interest rate, German magazine WirstschaftWoche reported.
China should straighten out its wealth managers, says central bank
BEIJING (Reuters) – China should reorganize its wealth management industry as it is unduly raising funding costs and encouraging savers to behave like gamblers by chasing after lucrative short-term returns, a deputy governor of China’s central bank sai…
China to avoid big economic stimulus: central bank chief
BEIJING (Reuters) – China will not use any large-scale stimulus to boost its economy, Central Bank Chief Zhou Xiaochuan was reported as saying on Saturday, in response to speculation that authorities might lower reserve requirements for banks to spur g…
Deutsche Telekom seeks breakup fee of over $1 billion on T-Mobile-Sprint deal: WSJ
(Reuters) – Deutsche Telekom AG wants to be compensated by Sprint Corp in the event its planned merger with the German firm’s T-Mobile US Inc does not win regulatory approval, the Wall Street Journal reported, citing people familiar with the matter.
Former e-commerce executive pleads guilty in eBay insider case
(Reuters) – A former executive at an e-commerce company that was acquired in 2011 by online retailer eBay Inc pleaded guilty on Friday to insider trading in connection with the takeover.
JPMorgan examining its relationship with domestic U.S. banks: WSJ
(Reuters) – JPMorgan Chase & Co may cut down on its domestic correspondent banking business, as it scans its relationship with several hundred of domestic correspondent banking clients, Wall Street Journal reported, citing people familiar with the matter.
Fiat Chrysler’s lofty target for Alfa Romeo unrealistic: experts
DETROIT (Reuters) – Actor Dustin Hoffman made Alfa Romeo trendy for Americans by driving a red Spider 1600 in the 1967 movie “The Graduate,” but Alfa sales never took off in the North American market and the company ultimately pulled out.
