Former Madoff aides get their day in court
NEW YORK (Reuters) – Four months into a criminal trial for five former employees of Bernard L. Madoff Investment Securities, witnesses have made it clear that no one but Madoff himself knew the whole truth about his massive Ponzi scheme, from his top l…
Singapore eyes up to 40 Boeing or Airbus jets: sources
SINGAPORE (Reuters) – Singapore Airlines has begun weighing a potential order for dozens of wide-body jets as it compares Boeing’s revamped 777X against Europe’s Airbus A350, three sources familiar with the matter said.
USTR has not warned India about threatened trade enforcement action: minister
NEW DELHI (Reuters) – The U.S. trade representative has not warned India about a threatened trade enforcement action linked to the country and due to be announced later on Monday, India’s trade minister said.
Global Shares, Bunds edge higher, plenty of risk ahead
LONDON (Reuters) – World shares made guarded gains on Monday, encouraged that Wall Street was able to weather a seemingly disappointing U.S. jobs report last week but with more than enough event risk ahead to keep investors cautious.
China insurance official asked JPMorgan’s Dimon for job ‘favor’: NYT
(Reuters) – China’s top insurance regulator directly asked JPMorgan Chase & Co CEO Jamie Dimon to hire a family friend as a “favor”, The New York Times reported, citing a confidential email.
Chastened HTC turns to cheaper smartphones in search for profit
TAIPEI/NEW YORK (Reuters) – Smarting from growing losses, Taiwanese phone maker HTC Corp says it will expand its range of cheaper products as it fixes off-target marketing for its premium smartphones.
Producers, union to meet mediator separately in platinum strike
JOHANNESBURG (Reuters) – The world’s top platinum producers and the AMCU union will hold separate meetings with a South African state mediator this week to discuss a stoppage over wages but no talks are scheduled between the companies and the union.
China export growth seen slowing, loans surging in January
BEIJING (Reuters) – China’s export and import growth likely cooled in January, a Reuters poll showed, underlining a broader slowdown in the world’s second-largest economy, though the Lunar New Year holiday effect may overstate the soft momentum.
HTC counts on cheaper smartphones to return to profit in 2014
BEIJING/HONG KONG (Reuters) – Taiwanese smartphone maker HTC Corp said new lines of mid-tier handsets will help it return to net profit in 2014, predicting cheaper products can help it reclaim market share and put an end to over two years of sliding sa…
Chrysler Group repays $5 billion debt to VEBA trust
MILAN (Reuters) – Fiat Chrysler said on Monday that its Chrysler Group unit closed a deal to raise debt worth $5 billion to repay early an existing bond issued to healthcare trust VEBA.
