RBS appoints Matheson head of retail bank
LONDON (Reuters) – Royal Bank of Scotland said on Tuesday it had appointed Les Matheson as head of its retail bank, filling one of two key appointments that new Chief Executive Ross McEwan must make as he re-shapes his board.
Boeing struggles with 787 production bottlenecks
SEATTLE/NORTH CHARLESTON, South Carolina (Reuters) – A 787 that rolled out of Boeing’s factory in Everett, Washington, in January was hailed as an important milestone: the first Dreamliner built at a rate of 10 a month, the fastest for a twin-aisle jet…
Barclays CEO says to cut up to 12,000 jobs this year
LONDON (Reuters) – British bank Barclays said it expects to cut between 10,000 and 12,000 jobs at the bank this year, including about 7,000 in Britain.
India says to respond to U.S. trade action at WTO
MUMBAI (Reuters) – India said on Tuesday it will respond to any U.S. trade action it, a day after Washington said it would take India to the World Trade Organisation (WTO) in order to gain a bigger foothold for U.S. manufacturers in its fast-growing so…
Deal is not first step towards L’Oreal’s exit: Nestle
PARIS (Reuters) – The deal under which Nestle will cut its stake in L’Oreal does not pave the way towards a full Nestle’s exit from the capital of the French cosmetics group, Nestle’s chairman Peter Brabeck said on Tuesday.
VietJetAir places firm orders for Airbus jets
SINGAPORE (Reuters) – Low-cost Vietnam airline, VietJetAir, placed an order for up to 100 Airbus aircraft, the latest entrant seeking to tap into a booming Southeast Asian market.
Cash is king as global miners get set to boost payouts
MELBOURNE/LONDON (Reuters) – Aggressive cost cutting, volume growth and stable commodity prices will drive a rise in half-year profits for the world’s biggest miners, paving the way for healthy dividend hikes now and anticipated capital returns in 2015…
GM says Jan China auto sales up 12 percent year-on-year
BEIJING (Reuters) – General Motors Co and its Chinese joint ventures sold 348,061 vehicles in China in January, a 12 percent increase from a year earlier, the U.S. automaker said on Tuesday.
Alibaba offer for AutoNavi values digital map firm at $1.58 billion
(Reuters) – Alibaba Group Holding Ltd , China’s largest e-commerce firm, offered on Monday to buy AutoNavi Holdings Ltd in a deal valuing the Chinese digital mapping and navigation firm at $1.58 billion.
Virgin America picks banks for potential 2014 IPO: FT
(Reuters) – Virgin America, the U.S. carrier in which Richard Branson’s Virgin Group has a minority stake, has appointed Barclays and Deutsche Bank to lead an initial public offering, the Financial Times reported on Monday, citing people familiar with …
