BofA names Japan’s Seguchi sole head of Asia-Pac investment bank: memo
TOKYO/HONG KONG (Reuters) – Jiro Seguchi, co-head of Bank of America Merrill Lynch’s investment banking business in Asia Pacific, will move from Tokyo to Hong Kong to become the sole head of those operations, according to an internal memo obtained by R…
Senior Golden Dawn lawmakers freed pending trial in Greece
ATHENS (Reuters) – Three senior lawmakers from Greece’s far-right Golden Dawn party were freed on Wednesday pending trial on charges of belonging to a criminal group while a fourth was ordered to be kept in detention, a court official told Reuters.
Analysis: Holding nerve on 2013’s big rotations
With the final quarter of 2013 now underway, global investors have watched all but one of the year’s four dominant and lucrative themes play out with gusto. And their instinct appears to be to see out the year with all of them intact.
Insight: Pre-electoral feuding threatens Nigeria’s economy
LAGOS/ABUJA (Reuters) – In Nigeria, as elsewhere, foreign exchange markets can be a barometer of internal strife, so when central bank governor Lamido Sanusi noticed a surge in dollar demand at forex bureaux in July, he feared something was amiss.
Poland determined to get compensation for Dreamliner glitches
WARSAW (Reuters) – Poland is determined to get compensation from Boeing for the glitches haunting its 787 Dreamliner jets which are used by the country’s state-controlled carrier LOT , its treasury minister said on Wednesday.
Tesco posts flat UK sales as turnaround plan struggles for growth
LONDON (Reuters) – Tesco , Britain’s biggest grocer that is 18 months into a recovery plan, posted flat quarterly sales in its home market on Wednesday, as 1 billion pounds ($1.62 billion) of investment failed to boost its fortunes.
ECB’s Constancio says Europe’s banks better than perceptions: FT
FRANKFURT (Reuters) – Banks in Europe are not in as bad shape as markets commonly judge them to be, European Central Bank Vice-President Vitor Constancio was quoted as saying on Wednesday.
U.S. court lifts block on competitor to AstraZeneca’s Nexium
LONDON (Reuters) – A U.S. court has lifted a temporary block stopping South Korea’s Hanmi Pharmaceutical from launching a close relative of AstraZeneca’s Nexium stomach-acid drug in the United States.
Exclusive: Cargill close to agreeing purchase of ADM cocoa unit – sources
ABIDJAN/NEW YORK (Reuters) – Cargill Inc , one of the world’s leading cocoa traders, is in the final stages of a deal to buy Archer Daniels Midland Co’s cocoa business, sources familiar with the situation said, creating a price-setting global giant.
Holcim CEO says austerity means him too as demand lags
ZURICH (Reuters) – If you are taking a short-haul flight from Switzerland, there’s a chance you might find yourself sitting next to the Chief Executive of Holcim , the world’s largest cement maker – in economy class.
