Goldman bets on Russian consumer with fitness deal
MOSCOW (Reuters) – Investment bank Goldman Sachs Group Inc is increasing its investment in an upscale chain of fitness clubs founded by a Russian former fencer, betting lifestyle spending will grow despite an economic slowdown and slide in the rouble c…
DOJ probes finance firms’ dealings with Libya: WSJ
(Reuters) – The U.S. Department of Justice is investigating banks, private equity firms and hedge funds that may have violated anti-bribery laws in their dealings with Libya’s government-run investment fund, the Wall Street Journal reported, citing peo…
United Continental to reduce departures from Cleveland hub
(Reuters) – United Continental Holdings Inc , the parent company of United Airlines, plans to lower the number of daily departures from its unprofitable Cleveland hub starting in April because of insufficient demand, according to a memo to employees.
Global automakers scour India’s backroads in search of dream market
MUMBAI (Reuters) – For global automakers, the dusty backroads of rural India could be the new El Dorado.
ECB set to reveal further detail of bank health checks
FRANKFURT (Reuters) – The European Central Bank will reveal more detail on Monday on how it plans to go about checking that top euro zone banks have the risks on their balance sheets under control.
Pakistan’s privatization tsar embarks on quest to revive economy
ISLAMABAD (Reuters) – Mohammad Zubair was on a cruise dinner with Pakistani Prime Minister Nawaz Sharif in Thailand when he was offered the hardest job of his life: privatizing a huge chunk of the economy while fighting resistance from the opposition a…
Asia stocks give ground, euro pinned at 10-week lows
SYDNEY (Reuters) – Asian shares look set for another trying week as strains in emerging markets show little sign of abating, while growing pressure for another policy easing in Europe shoved the euro to 10-week lows.
Global automakers scour India’s backroads in search of dream market
MUMBAI (Reuters) – For global automakers, the dusty backroads of rural India could be the new El Dorado.
Analysis: Australia’s home-brewed inflation a hangover for central bank
SYDNEY (Reuters) – The laudable desire of Australians to be well educated and healthy is proving an expensive one as escalating costs add to inflationary pressures even as the broader economy slows.
After rocky January, markets eye data and central banks
LONDON (Reuters) – This week will go a long way to determining whether the uncertainty hanging over the world economy and markets fades after a rocky January or lasts further into the year.
