CEO Blankfein says commodities trading is ‘core’ to Goldman
(Reuters) – Goldman Sachs Group Inc Chief Executive Lloyd Blankfein made his most public commitment to the bank’s commodity trading business on Wednesday, even as regulators consider measures that may push Wall Street out of physical markets.
Volkswagen in no hurry to recognize U.S. union
BERLIN (Reuters) – Volkswagen will not grant immediate union recognition to its U.S. workers and may take months to reach agreement on a German-style works council for its Tennessee plant, company officials said on Wednesday.
U.S. CEOs less optimistic about economy – survey
(Reuters) – U.S. chief executives were less optimistic about the economy in the third quarter, with fewer expecting to increase sales or boost capital spending than in the preceding three months, a survey by the Business Roundtable showed.
Air France plans fresh job cuts as sees further losses
PARIS (Reuters) – French airline Air France announced 2,800 fresh job cuts on Wednesday to help cope with weak air travel demand as it heads towards its sixth consecutive annual operating loss.
EU and IMF warn of risks for Cyprus program
BRUSSELS (Reuters) – Cyprus has made progress with overhauling its banking sector and pushing through structural reforms to the economy but significant risks remain for the island, a report by the country’s international lenders said on Wednesday.
Britain’s productivity gap with G7 peers widest in 20 years
LONDON (Reuters) – British workers are producing considerably less per hour than the average worker in other major economies, resulting in the biggest productivity gap for two decades.
India’s cenbank chief seen hawkish on debut, may roll back some FX steps
MUMBAI (Reuters) – New Indian central bank chief Raghuram Rajan makes his first monetary policy statement on Friday with expectations he may scale back some of the emergency measures that have helped the rupee bounce from a record low.
Bank of England backs away from more stimulus as economy picks up
LONDON (Reuters) – The Bank of England moved further away from adding more stimulus to Britain’s economy this month and seemed less concerned by rising market borrowing costs, minutes of its latest policy meeting showed on Wednesday.
Lured by Texas talent, Occidental strays from California roots
(Reuters) – Occidental Petroleum Corp may still be headquartered in Los Angeles, as it has been since being founded nearly a century ago, but its center of gravity is shifting to Houston, capital of the U.S. energy industry.
Analysis: Bribery scandal dents Big Pharma sales in China, GSK hardest hit
SHANGHAI/LONDON (Reuters) – A crackdown on corruption in China’s pharmaceutical sector has hurt sales at international and local firms, with many doctors at Chinese hospitals refusing to see drug representatives for fear of being caught up in the widen…
