JPMorgan withdraws from $2 billion China Everbright Bank HK listing: source
HONG KONG (Reuters) – JPMorgan Chase & Co has withdrawn from a syndicate of banks working on a $2 billion Hong Kong listing by China Everbright Bank Co, a person familiar with the matter told Reuters.
Greek current account surplus widens in September
ATHENS (Reuters) – Greece’s current account surplus widened in September, the Bank of Greece said on Tuesday, helped by a rise in tourism receipts.
Samsung Elec says Gear smartwatch sales hit 800,000 in two months
SEOUL (Reuters) – Samsung Electronics Co said on Tuesday its Galaxy Gear has become the world’s most popular smartwatch with sales reaching 800,000 since its debut two months ago, defying some market concerns the accessory would fail due to a lack of c…
Analysis: Forced lending to China SMEs may risk more harm than good
SHANGHAI/WENZHOU, China (Reuters) – Beijing’s strategy to reroute money away from state-owned giants towards smaller firms to help fuel the economic transformation behind its reform plans is less of a success than it may seem on the surface.
Daimler says to take 12 percent stake in BAIC Motor
BEIJING (Reuters) – Daimler AG said on Tuesday it will take a 12 percent stake in China’s BAIC Motor.
Airbus considers A320 production increase
DUBAI (Reuters) – Airbus is considering an increase in production of its A320 medium-haul aircraft, taking output above 42 planes per month, sales chief John Leahy told Reuters on Tuesday.
DSM to create new pharma services firm with JLL in $2.6 billion deal
AMSTERDAM (Reuters) – Dutch food and chemicals group DSM said on Tuesday it was spinning off its pharmaceuticals division in a $2.6 billion deal with private equity firm JLL, pushing DSM’s shares up more than 3 percent.
Credit Suisse private bank co-heads confident of growth
ZURICH (Reuters) – Credit Suisse plans to lean more heavily on its private banking franchise, targeting a bigger share of lucrative ultra-rich clients as tougher regulation and volatile markets dent investment banking returns.
Icahn warns stock market could face ‘big drop’
(Reuters) – Activist investor Carl Icahn on Monday said there was a chance the stock market could suffer a big decline, saying valuations are rich and earnings at many companies are fueled more by low borrowing costs than management’s efforts to boost …
Fragile European auto rebound rewards new models
PARIS/MILAN (Reuters) – European car sales rose 4.6 percent in October, according to industry data published on Tuesday, as a broad-based recovery took root in the region’s main auto markets.
