BNP Paribas says to cut 1,600 staff in Ukraine by 2015
PARIS (Reuters) – BNP Paribas , France’s biggest listed bank, said it would reduce Ukraine staff by 1,600 by 2015 as part of an ongoing restructuring of its local unit in the face of a tough economic environment.
Virgin Atlantic’s Little Red needs new runway for expansion: Branson
DUBAI (Reuters) – Virgin Atlantic founder Richard Branson dangled the carrot of further investment in the British airline’s domestic carrier Little Red as he stepped up the campaign for a third runway at London’s Heathrow airport.
Southwest to add new flights from Reagan National Airport
(Reuters) – Southwest Airlines Co is adding flights to new destinations such as Akron-Canton, Ohio, Indianapolis and Dallas Love Field from Ronald Reagan Washington National Airport this year, it said on Monday.
Trafigura says co-founder undergoing medical treatment
NEW YORK (Reuters) – Trading house Trafigura had to bring forward chief executive succession plans after co-founder and CEO Claude Dauphin needed to have medical treatment, the company said on Monday.
U.S. March factory activity growth slows slightly: Markit
NEW YORK (Reuters) – U.S. manufacturing activity slowed in March after nearing a four-year high last month, but the rate of growth and the pace of hiring remained strong, an industry report showed on Monday.
Microsoft deal delay may mean more Nokia patent concessions
HELSINKI (Reuters) – Nokia does not expect to close the sale of its phone business to Microsoft until April as talks with Asian regulators drag on, it said on Monday, fuelling speculation it may have to make technology patent concessions to get the dea…
ECB keeping eye on euro exchange rate: Liikanen
HELSINKI (Reuters) – The European Central Bank keeps a close eye on the euro exchange rate to see how it affects inflation, and it stands ready to act if the inflation rate appears headed in the wrong direction, ECB Governing Council member Erkki Liika…
Cisco joins cloud computing race with $1 billion plan
(Reuters) – Cisco Systems Inc plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world’s biggest online retailer Amazon.com Inc.
Record Argentine soy crop to pump exports despite hoarding
BUENOS AIRES (Reuters) – Argentina will put downward pressure on world food prices by exporting more soy this year, even as growers hedge against the country’s dysfunctional financial system by hoarding a bigger chunk of what is expected to be a record…
BOJ tankan to show business mood up but outlook dims
TOKYO (Reuters) – Japanese manufacturers’ mood probably improved in the three months to March but it will likely weaken the following quarter due to concerns that a sales tax hike may dent the pace of the economic recovery, a Reuters poll showed.
