Spain banks face profitability challenge: EC, IMF
MADRID (Reuters) – Spanish banks will struggle with profitability over the coming years as lending shrinks further and housing prices keep falling, the European Commission and the International Monetary Fund said on Monday.
China shoppers ring luxury tills from London to New York
SHANGHAI/NEW YORK (Reuters) – Fang Ying’s December wish list of Louis Vuitton handbags and Chanel perfume is not only for Christmas. Fang, 33, a secretary working in Shanghai, writes one every month for friends and family travelling abroad.
October capital inflows biggest in five years: Treasury
NEW YORK (Reuters) – Foreigners poured money back in the United States in October at the biggest monthly clip in five years after they fled from them in September on fears that the government could default on some of its debt obligations, U.S. Treasury…
Honda recalls 7,751 Acura sedans in U.S., Canada for loose bolts
DETROIT (Reuters) – Honda Motor Co said on Monday it is recalling 7,751 Acura RLX sedans in the United States and Canada to replace rear suspension bolts that may not have been properly tightened.
Banking union: Nice idea but detail still devilish
BRUSSELS/DUBLIN (Reuters) – In the beginning, the European Union came up with two words: Banking Union. It sounded simple, solid, united, dependable.
Two unions sign pay rise deal with Total management: CFDT
PARIS (Reuters) – Two unions at Total’s refining branch have signed a pay rise deal with management, which is enough to make the deal valid, a top CFDT union official told Reuters on Monday.
Industrial output posts largest gain in a year
WASHINGTON (Reuters) – Industrial production recorded its largest increase in a year in November as mining and utilities output rebounded strongly, in the latest suggestion the economy is gaining steam as the year winds down.
Lockheed Martin says CEO Hewson to also become chairman
(Reuters) – Lockheed Martin Corp , the largest U.S. weapons maker, said Chief Executive Marillyn Hewson would also become the company’s chairman after Robert Stevens retires on December 31.
Analysis: H&M could do more to catch a lift from designer collaborations
BERLIN (Reuters) – Designer collaborations are helping Hennes & Mauritz rise above a reputation for cheap chic, but the world’s second-biggest clothing retailer could do more to entrench that upmarket lift and defend its shrinking margins.
German woman with bank expertise front-runner to join ECB board
FRANKFURT (Reuters) – Sabine Lautenschlaeger, a German bank supervision expert with no monetary policy record, is an early favorite to replace Joerg Asmussen on the ECB’s executive board after his decision to leave early to spend more time with his fam…
