New French finance minister promises ‘tough, brave’ decisions on deficit
BERLIN (Reuters) – France’s new Finance Minister Michel Sapin said alongside his German counterpart Wolfgang Schaeuble on Monday any measures to cut the French public deficit will come from growth and savings, promising to take “tough, brave” decisions…
Lufthansa orders CFM for 40 A320neo aircraft
FRANKFURT (Reuters) – German airline Lufthansa said on Monday it had ordered engines worth more than 1 billion euros ($1.4 billion) at list prices from CFM International.
Dark markets may be more harmful than high-frequency trading
NEW YORK (Reuters) – Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing …
BlackRock shakes up management amid succession planning
NEW YORK (Reuters) – BlackRock Inc is reorganizing its senior management ranks as the world’s largest money manager works towards an eventual succession plan for Larry Fink, its chief executive officer and co-founder.
Etihad CEO says near finalizing next stage of Air Berlin partnership
ABU DHABI (Reuters) – Etihad Airways’ chief executive said on Monday that the airline was close to sealing the next phase of its partnership with Air Berlin and that it was still in due diligence over a possible tie-up with Alitalia.
NY bank regulator Lawsky seeks documents from Credit Suisse: source
(Reuters) – Benjamin Lawsky, New York’s financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland’s second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar …
Airline quality report shows improvement on customer complaints
(Reuters) – U.S. airlines received fewer complaints from passengers last year but did a worse job handling baggage, a study has shown.
BlackRock shakes up management, names new co-president, COO: memo
NEW YORK (Reuters) – BlackRock Inc , the world’s largest money manager, is reorganizing its senior management, shifting at least 10 senior executives into new or different roles, according to an internal memo seen by Reuters on Sunday.
Deadbeat Chinese shipyards stick banks with default bill
SHANGHAI (Reuters) – Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time.
End of Boeing line won’t damage key suppliers-US
WASHINGTON (Reuters) – Shutting down a Boeing Co fighter jet production line in St. Louis after 2016 would not drive any key suppliers out of business, a senior U.S. defense official said, citing a recent Pentagon review.
