Ackermann rejects blame for “tragic” Wauthier suicide
BERLIN (Reuters) – In his first public comments since resigning from Switzerland’s largest insurer after being named in the suicide note of its finance chief, Josef Ackermann said it was unfair to blame him for what he called a surprise tragedy.
Retailers discuss compensation for Bangladesh factory disasters
BERLIN (Reuters) – A dozen retailers and clothing brands are meeting in Switzerland to discuss providing compensation for fatal disasters at two factories of suppliers in Bangladesh, although several companies were noticeable by their absence.
U.S. coal industry braces for EPA emissions crackdown
MORGANTOWN, W., Virginia (Reuters) – The Environmental Protection Agency is due to unveil next week the first batch of regulations under President Barack Obama’s new climate action plan – a carbon emissions-rate standard for new fossil fuel power plant…
Lululemon trims outlook as Luon impact drags; shares slide
TORONTO (Reuters) – Premium yogawear retailer Lululemon Athletica Inc , still recovering from an embarrassing recall of excessively see-through yoga pants, trimmed its outlook for full-year sales and profits on Thursday, sending its shares lower.
U.S. Fed’s Dudley sounds alarm on slow swaps-reform efforts
(Reuters) – Five years after the worst of the financial crisis, the world has not yet come close to building a “harmonized, robust” market for over-the-counter swaps, a top U.S. Federal Reserve official said on Thursday.
Mining M&A standoff tests bankers’ patience and skills
MELBOURNE/LONDON (Reuters) – Bankers trying to move a mountain of mining assets for sale are being tested to the limit by unreliable buyers, stubborn sellers and a widening gap between them that has already caused billions of dollars’ worth of deals to…
Bank of England’s Carney says stimulus working, wary of new “false dawn”
LONDON (Reuters) – Bank of England Governor Mark Carney defended his policy of forward guidance to lawmakers on Thursday and said signs of recovery in Britain’s economy could prove to be another “false dawn”.
Analysis: Europe’s gas risks to rise as African share increases
LONDON (Reuters) – Gas supplies to Europe will become less reliable as much of its new demand in the coming decade will have to be met with gas from politically unstable countries in Africa.
U.S. export prices fall for 6th straight month; import prices flat
WASHINGTON (Reuters) – U.S. export prices fell for the sixth straight month in August while prices for non-petroleum imports fell, signs of slack in global demand and in the domestic economy.
Europe clears critical hurdle on road to banking union
STRASBOURG/BRUSSELS (Reuters) – Europe took a significant step forward in its ambitions to create a single banking framework for the euro zone on Thursday after EU lawmakers granted new powers to the European Central Bank to oversee the currency bloc’s…
