Essar investors, fighting buyout, appeal to India and UK
LONDON (Reuters) – Minority investors in Essar Energy have appealed to the Indian and British governments to intervene to head off a forced takeover by its majority owner at a price they say undervalues the company.
French government says it will block any hasty Alstom deal
PARIS (Reuters) – France’s Economy Minister Arnaud Montebourg confirmed for the first time on Sunday that both General Electric and Siemens were interested in engineering group Alstom and said he would not allow any hasty decisions.
Fed, with bond taper on autopilot, free to tackle big questions
SAN FRANCISCO/NEW YORK (Reuters) – Federal Reserve policymakers this week are set to continue paring their massive bond-buying stimulus, but below the smooth surface of a likely unanimous vote lies a deeply divided Fed struggling to lay the groundwork …
Deflation, emerging market fears set scene for tough EU bank tests
LONDON (Reuters) – Fears of euro zone deflation, emerging markets turmoil and a determination not to repeat past mistakes mean European regulators are likely to come up with the toughest set of tests for the region’s banks that they have ever faced.
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.
GE boss to meet French minister as Alstom deal progresses
PARIS (Reuters) – General Electric boss Jeff Immelt is due in Paris on Sunday and is expected to meet France’s economy minister as he closes in on a deal to buy the global power arm of struggling French engineer Alstom, sources close to the matter said…
ECB’s Liikanen says regulation could be extended to shadow banks
HELSINKI (Reuters) – Major organizations that carry out banking activities, but are not banks, may become so important to the financial system that they need to be regulated like traditional banks, a European Central Bank governing council member said …
Yue Yuen counts cost of China shoe strike, says most workers returned
SHANGHAI/HONG KONG (Reuters) – Most of the thousands of shoe factory workers who staged one of China’s biggest strikes over the past two weeks have returned to work after the company agreed to some of their core demands.
Yue Yuen counts cost of China shoe strike, says most workers returned
SHANGHAI/HONG KONG (Reuters) – Most of the thousands of shoe factory workers who staged one of China’s biggest strikes over the past two weeks have returned to work after the company agreed to some of their core demands.
Senior JPMorgan deal maker Elliott to retire in June
(Reuters) – JPMorgan Chase & Co’s global chairman of investment banking and veteran deal maker James Elliott will retire in June, according to an internal memo seen by Reuters.
