Air industry mulls jet fuel hedging options
DUBLIN (Reuters) – Taking out complex call options or even buying a refinery are some of the measures airlines should consider as they try to combat volatile oil prices, air finance industry experts said.
Deutsche Bank to rein in global bond trading in profit push
FRANKFURT (Reuters) – Deutsche Bank is to rein in global trading ambitions to put more emphasis on profitability than size at its core bond trading business where a sharp drop in revenues contributed to a big fourth quarter loss.
Lenovo resumes talks to buy IBM unit: source
NEW YORK (Reuters) – China’s Lenovo Group Ltd has resumed discussions to buy International Business Machines Corp’s low-end server unit, a source familiar with the matter told Reuters.
JPMorgan sues Berlin transport provider over derivatives contract
LONDON (Reuters) – JPMorgan is suing Berlin’s public transport provider in a British court to recover the $204 million plus interest it says it is owed over an “unfortunate” derivatives contract taken out before the financial crisis.
Panama Canal Authority rejects EU mediation offer in contract row
MILAN/BRUSSELS (Reuters) – The Panama Canal Authority (PCA) has turned down an offer by the European Commission to mediate in a multi-billion dollar dispute with a Spanish-led construction consortium which threatens to halt work on widening the century…
Argentina to make debt offer to Paris Club: source
PARIS (Reuters) – Argentina will make an offer to members of the Paris Club on Monday to renegotiate the terms of some $9.5 billion of debt it still owes to the group of creditor nations, an Argentine source said.
Waiver helps UK credit unions take on payday lenders
LONDON (Reuters) – A new type of loan insurance could help Britain’s credit unions take on payday lenders charging sky-high rates and go some way to plugging a protection gap left by the country’s worst-ever mis-selling scandal.
German watchdog to visit Deutsche in London in FX probe: source
LONDON (Reuters) – Representatives from Germany’s financial watchdog Bafin will visit the London offices of Deutsche Bank, the country’s biggest lender, as it steps up investigations into alleged currency market manipulation, a source familiar with the…
Senior JPMorgan banker Diederichs retires after 34 years: memo
LONDON (Reuters) – Veteran JPMorgan Chase & Co dealmaker Klaus Diederichs is to retire after 34 years with the company, the bank said in an internal memo seen by Reuters.
Putin orders lower borrowing costs for ‘productive’ Russian companies
MOSCOW (Reuters) – President Vladimir Putin has instructed Russia’s central bank to reduce borrowing costs for “productive” companies, the Kremlin said on its website on Monday.
