Dollar gains on Fed nomination report, shares dip
LONDON (Reuters) – The dollar and U.S. Treasury yields rose on Friday after a Japanese newspaper said Lawrence Summers would soon be named to head the Federal Reserve, prompting bets on a faster cutback in its stimulus program.
House Republicans question SEC oversight of private equity funds
WASHINGTON (Reuters) – Two key Republicans in the U.S. House of Representatives are questioning whether federal securities regulators are spending too much of their time conducting compliance examinations of private equity fund advisers, saying sophist…
Fiat CEO sees Chrysler IPO in first-quarter 2014
TURIN, Italy (Reuters) – Italian carmaker Fiat Chief Executive Sergio Marchionne said on Friday that its U.S. unit Chrysler’s initial public offering in New York could take place in the first quarter of 2014.
Equity issuance may reflect rosy growth picture
LONDON (Reuters) – Companies around the world are increasingly turning to equity issuance to raise capital, a sign of growing corporate and investor confidence that could create a virtuous circle for the economy and financial markets.
Credit Suisse shuffles asset management ranks as Fusenig exits
ZURICH (Reuters) – Credit Suisse is shuffling its asset management team, giving a bigger role to recently-hired investment chief Michael Strobaek after Gerhard Fusenig, head of multi asset-class solutions and core investment, quit for personal reasons….
Obama to nominate Summers as Fed chief: Nikkei
TOKYO (Reuters) – U.S. President Barack Obama will name former Treasury Secretary Lawrence Summers as chairman of the Federal Reserve Board, Japan’s Nikkei newspaper said on Friday.
Germany, Finland, oppose Commission as future bank resolution body
VILNIUS (Reuters) – Germany and Finland said on Friday the European Commission should not have the final say on when and how a euro zone bank could be closed, a position that could further delay the bloc’s banking union project.
Rhoen-Klinikum to sell hospitals to Fresenius in $4 billion deal
FRANKFURT (Reuters) – Germany’s Rhoen-Klinikum is to sell most of its hospitals to rival Fresenius SE for 3.07 billion euros ($4.1 billion), in an attempt by Rhoen’s founder to outflank opponents to an outright sale of the company.
Japan exports seen rising at fastest pace in three years
TOKYO (Reuters) – Japan’s exports are forecast to have grown at their fastest annual pace in three years in August as a weaker yen increases competitiveness and global demand picks up, further evidence an economic recovery is establishing roots, a Reut…
Euro zone employment falls at slower pace in second quarter
BRUSSELS (Reuters) – The number of people in work in the euro zone fell again in the second quarter of this year but at a slower rate, adding to hopes that the bloc’s modest recovery may be gaining momentum.
