Swiss voters reject proposal to limit executives’ pay
ZURICH (Reuters) – Swiss voters rejected a proposal on Sunday to cap the salaries of top executives at 12 times that of a company’s lowest wage, heeding warnings from industry leaders that the measure could harm the country’s economy.
ECB’s Draghi kicks back proposals on sovereign debt risk-weighting: Spiegel
BERLIN (Reuters) – ECB President Mario Draghi has kicked back a proposal from advisors to change the way sovereign debt is risk-weighted and asked them to do some more work on it, German weekly news magazine Spiegel reported.
John Lewis weekly store sales up 2 percent
LONDON (Reuters) – Britain’s biggest department store group John Lewis said on Sunday its sales grew by 2.1 percent to 112 million pounds ($181 million) in the week to November 23, helped by cold weather boosting outerwear purchases.
Iran’s rial jumps as nuclear deal fuels economy hopes
DUBAI (Reuters) – Iran’s currency jumped more than 3 percent against the U.S. dollar on Sunday as news of a breakthrough deal to curb Tehran’s nuclear program raised hopes that the economy would start recovering from international sanctions.
China fights back against U.S. accusations of blocking WTO technology deal
BEIJING (Reuters) – Commerce Minister Gao Hucheng denounced the United States as “irresponsible” on Sunday after Washington accused China of jeopardizing a deal that aims to cut tariffs on technology products, saying Washington had disappointed partici…
Lloyds to sell up to half TSB stake at IPO: newspaper
LONDON (Reuters) – Britain’s Lloyds Banking Group will probably sell 30 to 50 percent of its stake in the 631 bank branches being rebranded as TSB when the new entity floats on the stock market in 2014, a newspaper reported.
Russians see no cause for alarm in crackdown on shadowy banking
MOSCOW (Reuters) – The problems exposed in Russia’s banking system by last week’s collapse of mid-sized lender Master Bank are deep-rooted, but in contrast with banking failures of the past there was no evidence this time of other banks’ customers taki…
Daimler CEO says would ‘welcome’ Chinese investor
BERLIN (Reuters) – German carmaker Daimler would welcome a Chinese investor after taking a stake in Beijing Automotive Group , though it has had no sign that this will happen, Chief Executive Dieter Zetsche said.
Boeing warns of engine icing risk on 747-8s, Dreamliners
SEATTLE/TOKYO (Reuters) – Boeing advised airlines on Friday about a risk of engine icing problems on its new 747-8 and 787 Dreamliner planes with engines made by General Electric , urging 15 carriers to avoid flying them near high-level thunderstorms.
Boeing warns of engine icing risk on 747-8s, Dreamliners
SEATTLE/TOKYO (Reuters) – Boeing advised airlines on Friday about a risk of engine icing problems on its new 747-8 and 787 Dreamliner planes with engines made by General Electric , urging 15 carriers to avoid flying them near high-level thunderstorms.
