Ex-Bank Austria head investigated in Madoff case: prosecutors
VIENNA (Reuters) – The Vienna prosecutor’s office said on Monday it had widened its investigation into Bank Austria’s dealings with convicted fraudster Bernard Madoff to include the bank’s former Chief Executive Gerhard Randa.
Suharto denies Rolls-Royce bribery allegations
LONDON (Reuters) – Tommy Suharto, the youngest son of Indonesia’s late president, on Monday denied allegations that he received bribes from British aerospace group Rolls-Royce in return for recommending their engines to Indonesian airline Garuda .
Iran deal pulls oil lower, cheers shares
LONDON (Reuters) – Oil prices fell on Monday and world shares were buoyed higher after Iran and six world powers sealed a deal to curb its nuclear program, easing back on geopolitical tension.
ECB’s Noyer: Rates must remain low, could go lower if needed
TOKYO (Reuters) – European Central Bank Governing Council member Christian Noyer said on Monday that interest rates have to remain low for an extended period and might go even lower if needed as officials try to ensure the euro zone does not fall into …
Europe needs new dream to revive fortunes: Lamy
PARIS (Reuters) – If European policy elites could choose the next head of the EU’s executive, Pascal Lamy, the Frenchman who stepped down as head of the World Trade Organisation in July, would be near the top of most people’s list.
China local government debt at manageable levels, though some risks: expert
BEIJING (Reuters) – China’s local government debt is at a controllable level although risks are increasing in some areas and projects due to a lack of transparency, a finance ministry official at a think tank was quoted as saying by the official People…
Cairn India to spend $1 billion on buyback: Bloomberg
(Reuters) – Cairn India Ltd , oil and gas unit of London-listed Vedanta Resources , is set to spend about $1 billion to buy back shares, Bloomberg reported on Sunday citing two people familiar with the matter.
Iran deal knocks oil lower, bolsters risk appetite
SYDNEY (Reuters) – Oil prices fell sharply on Monday after Iran and six world powers sealed a deal curbing its nuclear program, a fillip for global economic growth and risk appetites that should benefit share markets.
Peugeot’s CEO prepares to step aside for Dongfeng deal: sources
PARIS/BEIJING (Reuters) – PSA Peugeot Citroen is interviewing candidates to replace Chief Executive Philippe Varin, after Chinese partner Dongfeng said a deeper alliance under negotiation should be accompanied by management change, sources with knowled…
Taxing times for Singapore as corporate strategy faces scrutiny
SINGAPORE (Reuters) – Tiny Singapore does not look at first sight like one of Apple Inc’s priority markets: it has no official Apple Store and doesn’t even rate a mention in the company’s latest annual report.
