China’s John Zhao seeks more targets in state sector reform
BEIJING (Reuters) – Hony Capital, the private-equity firm backed by Legend Holdings, is likely to deploy more capital in China’s state-owned manufacturing and healthcare sectors as Beijing seeks to further restructure its government-owned companies.
GSK faces bribery investigation in Poland: BBC
(Reuters) – GlaxoSmithKline Plc is facing a criminal investigation in Poland for allegedly bribing doctors to promote its asthma drug Seretide, BBC Panorama reported on Sunday.
Yen gains, stocks brace for losses on Wall St. gloom
TOKYO (Reuters) – The safe-haven yen started the week on a firm footing and Asian shares braced for more losses on Monday after a dismal week on Wall Street.
Coeure sets out contours of possible ECB asset-buy plan
WASHINGTON (Reuters) – A top European Central Bank policymaker on Sunday described how the ECB would approach an asset purchase plan to tackle low inflation, stressing such a program “would not be about quantity, but about price.”
Rising wages squeeze Bangladesh garment makers as factories await upgrades
DHAKA (Reuters) – Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes, leaving less money for safety improvements urged by apparel chains after last year’s Ran…
Fed’s Stein: Financial stability should inform policy
WASHINGTON (Reuters) – A top Federal Reserve policymaker on Sunday repeated his controversial assertion that financial stability should be an aim of U.S. central bank policymaking.
Stocks face earnings blues after tech slide
NEW YORK (Reuters) – The wrenching selloff in U.S. high-growth technology and biotech shares could leave investors braced for more than a minor pullback when earnings pick up speed this week.
EU to approve bank rules before May election slows legislative machine
LONDON (Reuters) – The European Union will sign off on a slew of major reforms this week to allow failing banks to be wound down without public money, clearing its desk before elections in May that may lead to a slower pace of legislation.
Europe’s top banks cut 80,000 more staff in post-crisis overhaul
LONDON (Reuters) – Europe’s largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region’s fledgling economic recovery.
German tank sale to Saudi Arabia likely to be cancelled: newspaper
BERLIN (Reuters) – A sale of several hundred German battle tanks to Saudi Arabia is likely to be cancelled because of opposition from Social Democrat Economy Minister Sigmar Gabriel, a German newspaper reported on Sunday.
