Treasury Wine CEO’s exit shows challenge for Australian industry
SYDNEY (Reuters) – The ousting of the chief executive of Treasury Wine Estates Ltd , the world’s second-largest wine maker, on Monday underscored the need for a fundamental shift in the way Australia markets its wines to the world as its exports fall.
Car buyers’ incentive plan backfires in Southeast Asia’s Detroit
BANGKOK (Reuters) – An incentive program for first-time car buyers in Thailand has backfired with more than 100,000 indebted consumers defaulting, leaving the big global manufacturers that dominate Southeast Asia’s largest auto market struggling to def…
Analysis: In policy debut, India central bank chief prescribes bitter pill
MUMBAI (Reuters) – India’s central bank governor Raghuram Rajan may raise policy rates again after shocking markets by increasing them in only his first meeting, signaling he is willing to risk prolonging what is already the lowest economic growth in y…
Citi had significant drop in trading revenue: FT
NEW YORK (Reuters) – Citigroup had a significant drop in trading revenue during the third quarter which could hurt the bank’s earnings, the Financial Times reported on Sunday, citing people familiar with conversations between investors and the bank.
Global Economy: Grappling with the Fed and other uncertainties
LONDON (Reuters) – A clutch of surveys this week is likely to show the global economy slowly picking up even as new and old uncertainties combine to test the optimism of businesses and consumers alike.
Greece and lenders expect 2013 budget surplus: Greek finance ministry source
ATHENS (Reuters) – Greece and its lenders are close to agreeing that Greece will achieve a primary budget surplus this year, a senior Finance Ministry official told reporters on Sunday after senior Greek and EU and IMF officials met.
Economy minister threatens to quit if Italy flouts deficit limit
ROME (Reuters) – Italian Economy Minister Fabrizio Saccomanni will resign if the fragile coalition government flouts European Union deficit spending limits in favor of tax cuts, he told Corriere della Sera newspaper on Sunday.
Britain pushing to ease sanctions on BP gas field: report
LONDON (Reuters) – Britain could be close to agreeing a deal to ease sanctions that have stopped gas production from the North Sea’s Rhum field, jointly owned by BP and the National Iranian Oil Co., the Mail on Sunday newspaper said.
CEO of German state-owned lender BayernLB to quit: sources
FRANKFURT (Reuters) – BayernLB chief executive Gerd Haeusler will quit his post at the German state-owned lender, three sources familiar with the matter told Reuters on Sunday.
TSB may still attract a buyer ahead of share sale: CEO
LONDON (Reuters) – More than 600 bank branches being rebranded as TSB by Britain’s Lloyds Banking Group could be bought by a trade or financial buyer before a flotation being planned for next year, the head of the new business said.
