Smart-device launches set to boost Laird revenue
(Reuters) – Laird Plc , whose products include electronic components used in Apple Inc’s iPhones and iPads, said it expected 2013 revenue to be boosted by the product launches of three or four of its customers despite a relatively flat start to the yea…
ECB’s Draghi calls for early move on creditors of failing banks
FRANKFURT (Reuters) – European Central Bank President Mario Draghi on Friday called for the early introduction of ‘bail-in’ rules to make creditors share the costs of winding up or rescuing euro zone banks.
China regulator orders more disclosure on shadow bank products: sources
BEIJING/SHANGHAI (Reuters) – The China Banking Regulatory Commission (CBRC) will require banks to report detailed information on their holdings of wealth management products beginning in 2014, four sources with direct knowledge of the new regulations t…
South Korea to buy 40 Lockheed F-35s, further 20 jets still open
SEOUL (Reuters) – South Korea will buy 40 Lockheed Martin Corp F-35 stealth fighter jets, the country’s military chiefs decided on Friday, with the first delivery expected in 2018, settling a drawn-out process to beef up the country’s defenses.
Domestic-led third-quarter growth bolsters Germany in showdown over trade
BERLIN (Reuters) – A robust rise in domestic demand overshadowed weak exports to drive a 0.3 percent expansion in the German economy in the third quarter, giving the government ammunition in its showdown with Brussels over euro zone trade imbalances.
German business morale surges to highest level in 1-1/2 years
BERLIN (Reuters) – German business morale rose far more than forecast in November, reaching its highest level since April 2012, in a sign that Europe’s largest economy is steadily recovering after a weak start to the year.
Indonesia, Australia spy claim tension spreads to corporate world
JAKARTA (Reuters) – Rising diplomatic tension between Australia and Indonesia spread into the corporate world on Friday, after a state-owned Indonesian firm suspended talks with Australian cattle ranchers, citing trust issues between the neighbors.
Novartis sweetens investors with $5 billion share buyback
ZURICH (Reuters) – Swiss drugmaker Novartis offered a sweetener to investors on Friday by starting a $5 billion share buyback program, but shied away from announcing any radical surgery to its structure.
UBS reaches immunity deal with EU over Libor: WSJ
(Reuters) – UBS AG has reached an immunity deal with European Union authorities that will protect the Swiss bank from further penalties for alleged manipulation of key interest rates, the Wall Street Journal reported, citing people familiar with the ma…
Former China Mobile executive gets life sentence for taking bribes
BEIJING (Reuters) – A court in northeast China sentenced a former vice president of China Mobile Ltd’s state-owned parent to life in prison for accepting bribes, state media said on Friday, the latest executive at a state-owned firm to have his fate se…
