Mulberry CEO Guillon quits after turbulent two years
LONDON (Reuters) – Bruno Guillon has quit as chief executive of British luxury brand Mulberry , bringing an end to a two-year tenure marked by three major profit warnings and a move to hike prices that is yet to pay off.
Japan firms want Abe to cool it on China; see demand ebbing: Reuters poll
TOKYO (Reuters) – Japanese companies are concerned about Prime Minister Shinzo Abe’s forceful diplomacy with neighbors like China, at a time when demand from Asia’s giant appears to be ebbing, a Reuters survey showed.
Ex-IMF chief Strauss-Kahn-led hedge fund aims to raise $2 billion
SHANGHAI (Reuters) – Former International Monetary Fund chief Dominique Strauss-Kahn plans to raise $2 billion in a macro hedge fund, his firm, LSK & Partners, said on Thursday, as investors continue to back a low-risk and rapidly growing investment strategy.
Dollar upbeat on rate rise expectations, bonds fall
LONDON (Reuters) – The dollar steadied at higher levels on Thursday and stocks and bonds fell across the globe as investors positioned for U.S. interest rates to rise sooner and faster than previously thought.
Austria-Slim talks on Telekom Austria hit rough patch: paper
VIENNA (Reuters) – Talks between Austria and Carlos Slim’s America Movil on pooling their stakes in Telekom Austria have hit snags over Austrian insistence on maintaining broad veto rights over some decisions, Kurier newspaper reported on Thursday.
Volvo truck deliveries jump 28 percent year on year in Feb
STOCKHOLM (Reuters) – World number two truck maker Volvo said on Thursday shipments of its trucks rose 28 percent year-on-year in February, topping market expectations.
Bank of America to cut fewer than 5 percent of jobs at two units: Bloomberg
(Reuters) – Bank of America Corp is laying off workers at its global trading and investment banking divisions, Bloomberg reported quoting three people with direct knowledge of the decision.
Exclusive: Chatroom evidence questions BoE role in FX probe – sources
LONDON (Reuters) – British regulators are examining evidence relating to a 2012 meeting of currency dealers and Bank of England officials which potentially challenges the central bank’s assertion it had not condoned sharing details of client orders.
Japan Inc more upbeat on tax-hike rebound, sees profit growth: Reuters poll
TOKYO (Reuters) – Large Japanese firms are growing more confident about weathering the impact of an imminent sales tax increase and they expect further profit rises even after a bumper year, a Reuters poll showed – encouraging signs for an economy that…
Exclusive: SEC contacted investment companies with Russian exposure – sources
Washington (Reuters) – U.S. securities regulators contacted public funds with investments in Russia to make sure they are properly managing risks and disclosing their holdings to investors as political tensions rose over Crimea, according to several pe…
