Crocs to receive $200 million from Blackstone, CEO to retire
NEW YORK (Reuters) – Crocs Inc said Blackstone Group LP is making a $200 million investment that will give the private equity firm a 13 percent stake in the shoe company.
Low interest rates cannot continue for ever: German FinMin
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble told a newspaper on Monday that low interest rate policies adopted by central banks around the world could not continue for ever.
SEC pushes US insurers for details on ‘captives’: WSJ
(Reuters) – The U.S. securities regulator has asked life insurers to disclose the potential cost of forcibly winding down in-house insurance units known as ‘captives,’ whose business model has come under regulatory radar, the Wall Street Journal report…
BMW, Toyota agree on joint sportscar platform – paper
FRANKFURT (Reuters) – Carmakers BMW and Toyota have agreed to develop a joint platform for sportscars, BMW’s development chief Herbert Diess told a German newspaper.
Spain retail sales jump 1.9 percent in November
MADRID (Reuters) – Spain retail sales rose 1.9 percent year-on-year on a calendar-adjusted basis in November, National Statistics Institute (INE) reported on Monday, after registering a revised fall of 0.3 percent in October.
Japan shares look to end bumper year on strong note
SYDNEY (Reuters) – Asian markets looked to run out the year with a flourish on Monday, with Japanese shares again set to lead the way as the yen skidded to fresh lows for a third straight session.
Japan mid-tier camera makers face shakeout as smartphones shatter mirrorless hopes
TOKYO (Reuters) – Panasonic Corp and Japan’s other mid-tier camera makers have a battle on their hands to win over a smartphone “selfie” generation to mirrorless cameras that held such promise when they were launched around five years ago.
Swatch fire strikes at “heart” of watch mechanism production
ZURICH (Reuters) – A fire has destroyed one workshop and damaged another at Swatch Group’s watch mechanism subsidiary, the Swiss firm that has a near monopoly on the supply of mechanisms to other watchmakers said.
Saudi prince’s firm says to file complaint vs France’s EDF
KHOBAR, Saudi Arabia (Reuters) – Soroof International, a conglomerate controlled by a Saudi Arabian prince, said on Sunday that it would file a complaint before Saudi courts against France’s state-run utility EDF .
Henkel CEO dampens prospects for acquisitions: paper
BERLIN (Reuters) – German consumer goods group Henkel dampened expectations it was looking at acquisitions soon, saying the market currently offers few takeover opportunities, Handelsblatt reported, citing Chief Executive Kasper Rorsted.
