Key Bangladesh garments factory destroyed in blaze
DHAKA (Reuters) – A devastating fire ripped through a Bangladesh garment factory supplying major Western retailers in a blaze set by workers angered over rumors of a colleague’s death due to police gunfire.
Monte Paschi outsources back-office ops, 1,100 jobs
MILAN (Reuters) – Banca Monte dei Paschi di Siena has reached an agreement to outsource its back-office operations and move 1,100 workers to a joint venture between Italian company Bassilichi and consultancy Accenture , it said on Friday.
Credit Suisse names investment banker to lead Swiss ultra-rich clients
ZURICH (Reuters) – Credit Suisse is promoting veteran Swiss investment banker Thomas Gottstein to head up its ultra-rich clients business in Switzerland, highlighting the expertise increasingly sought by private banks to cater to their wealthiest custo…
London leads 11 percent jump in bankers earning 1 million euros
LONDON (Reuters) – More than 3,500 bankers in Europe earned 1 million euros ($1.4 million) or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country.
Price growth and jobless fall eases pressure on ECB to act
BRUSSELS (Reuters) – A pick-up in inflation this month eases pressure on the European Central Bank to act next week, and the first fall in unemployment in almost three years shows a tentative euro zone recovery is gaining traction.
Tepco to divert $7.2 billion from 10-year capex budget to Fukushima: sources
TOKYO (Reuters) – The operator of the Fukushima nuclear plant plans to rechannel 740 billion yen ($7.24 billion) from its 10-year capital investment budget to address problems at the crippled facility such as a buildup of contaminated water, people inv…
European firms size up Iran’s post-deal potential
BERLIN (Reuters) – The phone hasn’t stopped ringing at the German-Iranian Chamber of Commerce since six world powers reached a deal with Tehran to curb its nuclear program, opening the prospect that Iran can begin to shake off its economic isolation.
World shares near six-year high, euro firm ahead of inflation
LONDON (Reuters) – World stocks hovered around a six-year high on Friday as the faith in an improving global economy and support from central banks drove markets towards a third straight month of gains.
Lloyds set to appoint Lord Blackwell as chairman: source
LONDON (Reuters) – Lloyds Banking Group is on the verge of appointing Norman Blackwell, currently chairman of its Scottish Widows arm, as the company’s new chairman, a person familiar with the matter said.
South Korea moves closer to joining TPP trade talks
SEOUL (Reuters) – Asian trade powerhouse South Korea took a step closer on Friday to joining 12-nation talks aimed at slashing trade barriers between nations making up about 40 percent of the world economy.
