U.N. struggling to avert carbon trade war with aviation deal
BRUSSELS/WASHINGTON (Reuters) – Talks at the U.N.’s aviation body must bridge a deep divide between developed and emerging nations over airline emissions to avert the threat of a carbon trade war with the European Union.
Exclusive: Qatar bolstering wealth fund team to diversify portfolio – sources
DUBAI (Reuters) – Qatar’s sovereign wealth fund, one of the world’s most aggressive investors, is hiring senior bankers and industry executives to lessen the fund’s reliance on Europe and diversify its investment portfolio, sources familiar with the pl…
Central Europe factory jump shows recovery gaining pace
PRAGUE (Reuters) – Factories across central Europe reported growth in output and new business in August, a recovery in the region gaining strength in the wake of an improving German economy.
Regulators ease derivatives rule to avoid harming economy
LONDON (Reuters) – Global regulators have eased the impact of new rules designed to make the $630 trillion derivatives market safer as they seek to avoid too-tight controls on the sector that some banks argue could harm economic recovery.
Portugal’s BCP to keep ‘core’ Polish bank after EU approves revamp
LISBON (Reuters) – The European Commission has approved a restructuring plan for Portuguese lender Millennium BCP , including the future sale of its Romanian operation and Greek assets while retaining its profitable Polish arm.
Everbright pain seen as industry gain as investors look to bright side
SHANGHAI (Reuters) – Chinese brokerage Everbright Securities has been hit by falling shares, record fines and executive resignations following a massive trading scandal, but investors are hopeful the incident will herald better risk controls.
Ackermann feared suicide would thwart Zurich performance drive
FRANKFURT (Reuters) – Josef Ackermann resigned because he saw the suicide of Zurich Insurance Group’s finance chief curbing his ability to drive through change to revive profits, a source close to the former chairman said on Sunday.
Falling Indian factory activity adds to rupee’s woes
MUMBAI (Reuters) – The Indian rupee remained frail after last week’s record low, as pessimism generated by dismal economic growth data was compounded on Monday by survey showing factory activity in August shrank for the first time in over four years.
BOJ to hold policy, debate emerging market risks
TOKYO (Reuters) – The Bank of Japan may hold off on declaring the world’s third-largest economy has cemented its recovery at a policy review this week as it waits to see the fallout on activity from slowing growth and capital outflows in emerging natio…
HTC execs detained over leaked trade secrets; shares tumble
TAIPEI (Reuters) – Three HTC Corp design executives were arrested on suspicion of leaking trade secrets, sending the Taiwanese smartphone maker’s shares tumbling on Monday as its troubles deepened amid a wave of senior staff departures and disappointin…
