Bayer may sell plastics unit to focus on health: Bloomberg
(Reuters) – German drugmaker Bayer AG is exploring the sale of its $10 billion plastics unit to focus on growing its health business, Bloomberg reported citing people with knowledge of the matter.
EU exit could wreck UK financial capital, says City lobby group
LONDON (Reuters) – A British exit from the European Union could wreck London’s position as the only financial center to rival New York and isolate the country’s economy, research ordered by a lobby group for banks and money managers showed.
French president, GE boss to meet over Alstom future
PARIS (Reuters) – President Francois Hollande and his Economy Minister Arnaud Montebourg are set to meet with General Electric Chief Executive Jeff Immelt on Monday to discuss the future of French engineering group Alstom, a presidential official said….
Publicis, Omnicom seek to resolve leadership spat over CFO job: sources
PARIS/LONDON (Reuters) – The chief executives of advertising companies Publicis and Omnicom Group are working together to resolve a seven-month-old struggle over who will be chief financial officer of their combined group if the $35 billion merger is c…
Toyota restructures U.S. marketing arm; voluntary exits offered
NEW YORK (Reuters) – Toyota Motor Corp. will restructure its marketing organization in California, the company said on Sunday.
Labour crunch hurts Malaysian palm oil growers as Indonesians stay home
KUALA LUMPUR (Reuters) – A slump in the number of Indonesian workers applying for jobs in Malaysia’s palm oil sector is worsening a labour crunch that industry players say is taking a heavy toll on the export earnings of the world’s second-largest grow…
In wealthy Chinese city, debt guarantees spark default contagion
SHANGHAI (Reuters) – A network of loan guarantees set up to improve companies’ access to credit in one of China’s richest districts is creating new risks of default as some debts sour, another sign of how private firms are bearing the brunt of an econo…
Berthing pains for Asia’s rich put wind in the sails of marina developers
SINGAPORE (Reuters) – Marina developers in Southeast Asia are racing to build berths to address the latest problem vexing Asia’s rapidly growing ranks of ultra-rich: insufficient parking lots for their superyachts.
Air Berlin asks shareholders for cash after 2013 loss
FRANKFURT (Reuters) – German airline Air Berlin said it was calling on investors to stump up more cash by buying bonds as it unveiled a 2013 loss.
Deutsche Bahn to sue Arcelor, Saarstahl for damages
FRANKFURT (Reuters) – Deutsche Bahn said it was filing claims against a number of steel companies including ArcelorMittal and Saarstahl for damages which the German rail operator alleges were caused by fixing of the price of railway sleepers.
