Investors support deals spree, happy to see U.S. companies buy growth
NEW YORK (Reuters) – After years of responding to shareholder calls for stock buybacks and dividends, major American companies are hearing a different demand from investors: buy growth.
GSK faces criminal bribery investigation in Poland
LONDON/WARSAW (Reuters) – GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors to promote its lung drug Seretide, adding to problems for a company already accused of corruption in China and Iraq.
German finance minister sees no sign of deflation spiral in Europe
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble said on Monday he sees no signs at all of a deflation spiral in Europe and ECB President Mario Draghi had made a convincing case at the recent IMF meeting that Europe’s low inflation held no…
BOJ Kuroda’s meeting with PM Abe won’t alter policy stance: sources
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda and Prime Minister Shinzo Abe will revive their regular meetings this month, people familiar with the matter said, in a sign the government may be concerned about recent stock market declines and…
China targets trust firms in shadow-bank crackdown: sources
HONG KONG (Reuters) – China has issued stricter guidelines governing trust companies, two sources with direct knowledge of the rules told Reuters on Monday, in a bid to counter systemic risks posed by the biggest players in the country’s shadow-banking…
Singapore keeps monetary policy tight, sees economy rebounding
SINGAPORE (Reuters) – Singapore’s central bank stuck to its tight monetary policy stance on Monday despite weaker growth in the first quarter, saying core inflation will remain elevated as a sustained recovery in advanced economies spurs a rebound in t…
UK wages poised to pass recovery milestone
LONDON (Reuters) – Britain’s recovery from its deepest recession in decades looks set to pass a milestone this week when a six-year run of declining living standards is expected to show a turnaround.
Citigroup cuts 200 to 300 jobs: WSJ
(Reuters) – Citigroup Inc has cut 200 to 300 jobs, or about 2 percent of its global markets workforce, the Wall Street Journal reported citing a person familiar with the matter.
Faster Wi-Fi on flights leads to battle in the sky
NEW YORK/HAMBURG (Reuters) – Wi-Fi in the sky is taking off, promising much better connections for travelers and a bonanza for the companies that sell the systems.
Goldman dodges a shareholder battle that dogs rivals
NEW YORK (Reuters) – When Goldman Sachs Group Inc filed its shareholder proxy earlier this month, it was free of a proposal that has become increasingly popular among corporate governance activists: a demand for more disclosure about lobbying.
