Spotify seeks to hire U.S. filings expert as bankers eye IPO
STOCKHOLM (Reuters) – Online music streaming service Spotify is recruiting a U.S. financial reporting specialist, adding to speculation that the Swedish start-up is preparing for a share listing, which one banker said could value the firm at as much as…
Troika to return to Greece later this week: Eurogroup head
BRUSSELS (Reuters) – A mission of international lenders will return to Greece later this week to review progress made in delivering on the country’s reforms that are key for further loans, the chairman of euro zone finance ministers Jeroen Dijsselbloem…
Dollar hits six-week lows, euro zone periphery in vogue
LONDON (Reuters) – The dollar hit 6-week lows on Monday as recent weak U.S. data cast doubt on the pace of monetary tightening, while prospects for a new reforming government in Italy and better euro zone growth boosted the bloc’s periphery.
BMW to start building MINI model in the Netherlands
FRANKFURT (Reuters) – Luxury carmaker BMW on Monday said it would build the new MINI in the Netherlands from summer 2014 onward in a move to expand production capacity beyond its plant in Oxford, England.
Bundesbank unfazed by emerging markets, Nowotny cool on rates
FRANKFURT/LONDON (Reuters) – The turbulence experienced in emerging markets early this year is insufficient to derail a recovery in the global economy, which could strengthen during 2014, Germany’s Bundesbank said on Monday.
China calls for fair handling of escalating solar dispute with U.S.
BEIJING (Reuters) – China urged the United States on Monday to “objectively and fairly” handle an ongoing trade dispute between the two countries after Washington signaled last week it could extend import duties on Chinese solar panels to a wider range…
Detroit bankruptcy bond fight a watershed for municipal market
(Reuters) – The city of Detroit’s effort to declare some of its general obligation bonds as unsecured debt will be challenged in bankruptcy court Wednesday in what could be a precedent-setting turn in the largest-ever municipal bankruptcy in U.S. histo…
Germany, France seek to revive transaction tax plan
LONDON (Reuters) – Germany and France will lead a face-saving bid this week to revive a flagging project to tax financial transactions in 11 euro zone countries and allay fears it could hamper economic recovery.
Iranian bank sues UK government for $4 billion over sanctions
LONDON (Reuters) – Iran’s largest private bank is suing the British government for almost $4 billion in damages after the Supreme Court quashed sanctions imposed against it over alleged links to Tehran’s nuclear program.
Dividend hunters toast earnings season surprises
LONDON (Reuters) – Halfway through Europe’s company earnings season, investors who made record bets in search of dividends have cause for celebration, though they should prepare for disappointment from some traditionally high-paying sectors.
