SEC votes to adopt Volcker rule to ban proprietary trading
WASHINGTON (Reuters) – U.S. securities regulators voted to adopt the Volcker rule to ban proprietary trading by large banks on Tuesday, making them the fourth regulator to sign off on the measure.
Emerging markets can deal with gradual Fed taper: World Bank’s Kim
WASHINGTON (Reuters) – Emerging markets could adjust to the withdrawal of the Federal Reserve’s massive monetary stimulus as long as it happens gradually, World Bank President Jim Yong Kim said on Tuesday.
Pernod Ricard ‘optimistic on U.S. holiday season’
PARIS (Reuters) – French spirits group Pernod Ricard expects a “positive” holiday season in the United States, its largest market, amid improving consumer sentiment and declining unemployment, its regional head said on Tuesday.
Uralkali’s CEO moved to house arrest in Moscow
MOSCOW (Reuters) – The head of Russian potash producer Uralkali , extradited to Russia from Belarus last month, has been moved from a detention center in Moscow to house arrest, the company said on Tuesday.
EU executive cautious on shadow banking controls
LONDON (Reuters) – The European Union’s executive has ruled out hasty curbs on “shadow banking”, or simplistic trading restrictions on mainstream lenders, in case it ends up crimping finance for the economy.
German shipping banks face $22 billion in losses: Moody’s
FRANKFURT (Reuters) – Germany’s leading shipping lenders face 16 billion euros ($22 billion) in credit losses in the coming year as a severe sector slump makes it increasingly difficult for shipowners to repay their loans, ratings agency Moody’s said.
Alitalia pockets emergency cash, heads to union meeting
MILAN (Reuters) – Alitalia finally secured the 300 million euros ($412 million) it needs to keep flying over Christmas, a source said on Tuesday, concluding a drawn-out capital raising that showed how much work the airline has to convince investors it …
Hyundai says will not defend Europe market share at all costs
FRANKFURT (Reuters) – Korean auto maker Hyundai will seek to expand in Europe, but will not seek to maintain its market share at all costs, Allan Rushforth, Chief Operating Officer at Hyundai Motor Europe said on Tuesday.
Boeing sees export credits waning as aircraft funding source
LONDON (Reuters) – More commercial jet buyers will tap rapidly-expanding capital markets to finance $112 billion of jet sales in 2014 as state-backed export credits become pricier and more politically sensitive, Boeing Co said on Tuesday.
Deutsche Bank ex-CEO urges top court to bar seized evidence
FRANKFURT (Reuters) – Deutsche Bank’s former CEO Josef Ackermann has asked Germany’s highest court to keep a trove of documents out of a long-running suit brought by heirs of the collapsed Kirch media empire.
