Sainsbury’s plans ‘dark store’ to meet online demand
LONDON (Reuters) – J Sainsbury, Britain’s No. 3 supermarket, plans to open its first distribution center dedicated to online grocery orders in response to rapidly increasing demand in southeast England.
Twitter pays engineer $10 million as Silicon Valley tussles for talent
SAN FRANCISCO (Reuters) – Among Twitter Inc’s highest-paid executives, Christopher Fry’s name stands out.
China’s Huawei rules out large acquisitions: report
FRANKFURT (Reuters) – China’s Huawei, one of the world’s largest telecoms network infrastructure providers, is not planning any large takeovers because it would be unable to integrate them, Deputy Chairman Guo Ping was reported as saying in German pape…
Canada’s TD Bank plots £8 billion raid on RBS U.S. arm: paper
LONDON (Reuters) – Canada’s Toronto-Dominion Bank is considering an 8 billion pound ($12.8 billion) bid for Royal Bank of Scotland’s American retail banking business Citizens, The Sunday Times reported without citing sources.
Europe prepares to come clean on hidden bank losses
LUXEMBOURG (Reuters) – Euro zone countries will consider on Monday how to pay for the repair of their broken banks after health checks next year that are expected to uncover problems that have festered since the financial crisis.
Credit Suisse chairman says no sign of foreign exchange rigging
ZURICH (Reuters) – Credit Suisse has found no evidence of foreign exchange market manipulation and that such a liquid market would be difficult to rig, its chairman said in an interview published on Sunday.
Unicredit may consider re-listing stake in German HVB: report
FRANKFURT (Reuters) – Unicredit may consider listing a minority stake in its German unit, HVB, should upcoming stress tests require Italy’s largest bank by assets to raise more capital, magazine Der Spiegel reported, without citing sources.
Analysis: Italy’s reform list reflects tough test for euro zone
LONDON (Reuters) – From its high labour taxes to its low literacy scores, Italy’s entrenched obstacles to growth point up the enduring failure of some euro zone economies to adapt to the demands of life with no currency flexibility.
Spanish banks fear new capital hit in European review
MADRID (Reuters) – Spanish banks are considering ways to boost their capital amid fears the euro zone’s imminent review of their balance sheets will force them to set aside even more cash for potential losses on restructured loans, banking sources in M…
Spanish banks fear new capital hit in European review
MADRID (Reuters) – Spanish banks are considering ways to boost their capital amid fears the euro zone’s imminent review of their balance sheets will force them to set aside even more cash for potential losses on restructured loans, banking sources in M…
