World’s central banks face slog to sway markets
LONDON (Reuters) – Central bank bosses in Europe and the United States have had a tough time trying to budge market expectations for monetary policy back into line with their own plans, as this week will again show.
U.S. exit to leave Vodafone with M&A war chest
LONDON/PARIS (Reuters) – Vodafone’s exit from the United States in a $130 billion deal expected to be sealed on Monday will give it a war chest to make acquisitions even after it rewards its shareholders.
Wall Street Week Ahead: Payrolls could spur Fed action; Syria fears may dip
NEW YORK (Reuters) – Wall Street is bracing for a wave of economic reports this week, including the August jobs report, which might prove decisive in determining whether the economy is strong enough for the Federal Reserve to dial back its bond purchas…
Flow from equity and bond funds continue: TrimTabs
NEW YORK (Reuters) – The recent decline in U.S. equities pushed investors to redeem $16.7 billion in U.S. equity mutual funds and exchange-traded funds (ETFs) in August through Wednesday, data from research provider TrimTabs showed on Sunday.
GM sees auto industry slowing in turbulent Middle East
DUBAI (Reuters) – General Motors said it expected the automobile industry in the Middle East to show growth that is sustainable, but at a slower rate than in the last few years, hurt by uncertainty and political crisis in markets such as Egypt and Syri…
Lufthansa CEO says summer freight business fails to pick up: paper
FRANKFURT (Reuters) – Lufthansa’s air freight business failed to pick up over the summer period although overall business was “decent”, Chief Executive Christoph Franz told Frankfurter Allgemeine Sonntagszeitung.
Analysis: Caterpillar plan illustrates risk of variable pay plans
PEORIA, Ill (Reuters) – Caterpillar Inc has put workers on notice that its short-term incentive plan, the centerpiece of a performance-based, profit-sharing program, will make its smallest payout since the recession when the payments go out next March….
Dubai’s ENOC loses deal to fuel U.S. military jets
DUBAI (Reuters) – The U.S. military has not renewed its contract to buy jet fuel from Emirates National Oil Company (ENOC) in the United Arab Emirates (UAE) because other suppliers made cheaper bids, the U.S. Department of Defense said.
HSBC to cease wealth management business in some MidEast countries
DUBAI (Reuters) – HSBC Holdings will stop offering wealth management products in Bahrain, Jordan and Lebanon as the British lender continues to exit small or insufficiently profitable operations globally as part of a strategic review, the bank said.
Deutsche Bank CFO: regulation has priority over dividend – paper
FRANKFURT (Reuters) – Deutsche Bank said its dividend payouts will only rise once bank rules have been fulfilled, Chief Financial Officer Stefan Krause told Frankfurter Allgemeine Sonntagszeitung.
