Euro zone banks have plenty of collateral: ECB’s Constancio
FRANKFURT (Reuters) – There is no shortage of ECB-eligible collateral in any euro zone country meaning that banks could easily increase their use of its funding if they so wished, ECB Vice-President, Vitor Constancio, said on Wednesday.
China bitcoin arbitrage ends as traders work around capital controls
SHANGHAI (Reuters) – The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has evaporated in recent days, highlighting the porous nature of China’s capital controls.
Tighter bank rules cost German lenders 9 billion euros a year: KPMG
FRANKFURT (Reuters) – Stricter international banking rules are costing German lenders around 9 billion euros ($12 billion) annually, a study of the sector by auditing firm KPMG estimated.
Analysis: Some Cisco investors urge an exit from set-top box unit
NEW YORK (Reuters) – Cisco Systems Inc Chief Executive John Chambers is facing growing pressure from investors to exit its television set-top box business, where revenue has been plummeting and profit margins trail the rest of the company.
Poland’s LOT to get $33 million compensation from Boeing: source
WARSAW (Reuters) – Polish airline LOT will get about 100 million zlotys($32.94 million) in compensation from U.S. plane maker Boeing for the faults that grounded its 787 Dreamliner jets, a source close to the negotiations said on Wednesday.
Sustainable strategies win over skeptical emerging stock investors
LONDON (Reuters) – Cajoled by developed world governments and shocked by disasters such as the Bangladesh factory fire, investors in emerging market companies are looking more closely at environmental, social or governance issues before they buy.
Activist investor demands changes at UK’s FirstGroup
LONDON (Reuters) – U.S. activist shareholder Sandell Asset Management went public on Wednesday with a demand for British transport operator FirstGroup to split off its U.S. business to invest in its domestic arm.
Hot money distorts China’s exports as speculators seek to cash in on yuan, rate reforms
SHANGHAI (Reuters) – China is seeing a resurgence of “hot money” seeking to cash in on the rallying yuan and record-high interest rates, contributing to distortions in its trade data as speculators move money through regulatory loopholes.
EADS strategy to stress Airbus commercial jets; defense, space revenues flat
PARIS (Reuters) – Airbus parent EADS was poised on Wednesday to set out a two-tier strategy stressing growth in civil jetliners coupled with a forecast of flat defense and space activities throughout the decade.
Eleven EU states to consider narrower transaction tax
LONDON (Reuters) – The 11 European Union countries that have pledged to tax financial transactions will consider excluding several key markets from the levy’s scope, an EU document showed.
