Genting to spend $3-4 billion on developing unfinished Las Vegas resort
KUALA LUMPUR (Reuters) – Genting Bhd , Southeast Asia’s largest gaming and leisure group, will spend $3 billion to $4 billion developing an unfinished resort on the Las Vegas strip, its chief executive said on Tuesday.
U.S. economic outlook helping German sentiment: ZEW economist
MANNHEIM, Germany (Reuters) – – An improved outlook for the U.S. economy drove a sharp increase in German analyst and investor sentiment in December, economists at Germany’s ZEW economic institute said on Tuesday, adding that the recession in the euro …
Euro zone November inflation picks up, third quarter labor costs rise slowest in three years
BRUSSELS (Reuters) – Euro zone inflation picked up in November because of a rise in electricity and accommodation prices, data showed on Tuesday, but wage growth continued to decelerate in the third quarter to the slowest pace in three years.
Telecom Italia top investor to discuss vote decisions on December 19
MILAN (Reuters) – The holding company that controls Telecom Italia said on Tuesday it would hold a board meeting on Thursday to discuss decisions relating to a shareholder meeting called to oust the board of the phone group.
Exclusive: Germany to propose Bundesbank deputy for ECB board seat
BERLIN (Reuters) – Germany will propose Sabine Lautenschlaeger, a vice president at the German Bundesbank, to take the board seat at the European Central Bank (ECB) that is being vacated by Joerg Asmussen, according to a source familiar with the matter…
Insight: The Luxembourg tax break that helps firms profit from loss
LONDON (Reuters) – “Life in Luxembourg is simply different,” says its government website. The same could be said of tax in the Grand Duchy. It’s known for its generous tax policies, but what’s less familiar is a Luxembourg rule that lets companies cut …
Cooper loses court bid to rescue Apollo merger as deadline looms
(Reuters) – Cooper Tire & Rubber Co’s efforts to force India’s Apollo Tyres Ltd to complete its proposed acquisition of the U.S. company for $2.3 billion received another legal setback, paving the way for the Indian company to walk away from the deal.
EU in preliminary deal on audit market shake up
LONDON (Reuters) – The European Union has reached a preliminary deal on forcing companies to change their accountants on a regular basis to improve book-keeping quality, the bloc’s presidency Lithuania said on Tuesday.
Total workers extend strike at three French refineries: union
PARIS (Reuters) – A strike at Total’s La Mede, Gonfreville and Feyzin refineries entered its fifth day on Tuesday, with workers at the hardline CGT/FO-dominated plants sticking with demands for bigger annual pay rises, a CGT union official said.
Facebook to begin selling video ads: WSJ
(Reuters) – Facebook Inc will begin selling video ads later this week and plans to make an announcement on Tuesday, the Wall Street Journal reported, citing people familiar with the matter.
