Egypt says to complete $1.5 billion payment to oil firms this week
CAIRO (Reuters) – Egypt will complete payment this week of $1.5 billion of the $6.3 billion it says it owes oil firms, a state executive said on Monday, in line with a plan aimed at restoring confidence in an economy hit by nearly three years of politi…
China cash squeeze persists even after central bank reassures market
SHANGHAI (Reuters) – China’s cash market squeeze showed little sign of easing on Monday, reinforcing the view the central bank has shifted to tighter monetary policy.
Rolls-Royce says SFO begins formal bribery investigation
LONDON (Reuters) – Aerospace and defense group Rolls-Royce said Britain’s Serious Fraud Office (SFO) had launched a formal investigation into concerns raised a year ago of possible bribery and corruption in China and Indonesia.
U.S. growth hopes help shares shrug off China money market jitters
LONDON (Reuters) – Signs of improving U.S. economic growth helped ease markets into holiday mode on Monday, though a credit squeeze in China took the edge off gains.
Airbus and Emirates sign firm deal for 50 more A380s
PARIS (Reuters) – Airbus said on Monday it had finalized a deal with Emirates Airline for 50 more A380s aircraft that had been announced at the Dubai airshow last month.
Apple, China Mobile sign long-awaited deal to sell iPhones
NEW YORK/BEIJING (Reuters) – Apple Inc said it has signed a long-awaited agreement with China Mobile Ltd to sell iPhones through the world’s biggest network of mobile phone users.
Turkey’s Halkbank says Iran business complies with law
ISTANBUL (Reuters) – Halkbank’s dealings with sanctions-hit Iran are entirely lawful, the Turkish state-run lender said on Monday after its chief executive was arrested in a corruption probe denounced by Prime Minister Tayyip Erdogan as a foreign plot….
Hedge funds lose out to equities, again
LONDON (Reuters) – For hedge funds that made money this year there was only one strategy that really mattered – latching onto the stockmarket rally.
GM unit Opel sees enough sales growth to avoid cost cuts: paper
FRANKFURT (Reuters) – General Motors’ European unit Opel is cautiously optimistic that sales will grow enough in 2014 to avoid a further round of cost cutting, Chief Executive Karl-Thomas Neumann told newspaper Sueddeutsche Zeitung.
Lean years leave banks short of savvy dealmakers
LONDON (Reuters) – Years of quiet deal markets in Europe have left a generation of junior investment bankers with little opportunity to cut their teeth, and, with many senior staff let go, banks are finding themselves short on experience as business st…
