HSBC names new heads of capital financing, markets in Asia: memo
HONG KONG (Reuters) – HSBC has named Stephen Williams as head of capital financing for Asia Pacific, a new role that encompasses all of the bank’s capital markets and deal execution capabilities for clients in the region, according to a memo obtained b…
Goldman names Alasdair Warren head of EMEA financial sponsors
LONDON (Reuters) – Goldman Sachs has appointed Alasdair Warren as head of its financial sponsors group for Europe, Middle East and Africa (EMEA), according to a memo seen by Reuters.
Global shares firm on better China outlook, Fed fears linger
LONDON (Reuters) – European shares edged higher on Friday as more evidence that China’s economy has stabilized lifted sentiment, although uncertainty over the U.S. Federal Reserve’s next policy move limited gains.
Exclusive: China to let banks sell off loans in prelude to possible bailout
BEIJING/SHANGHAI (Reuters) – China is developing a new trading platform to enable banks to sell off loans to a wider range of investors, in a move that could pave the way for a government bailout of lenders or distressed asset sales to private investor…
Euribor rates unchanged as ECB seen on hold
FRANKFURT (Reuters) – Key Euribor bank-to-bank lending rates were unchanged for a second day running on Wednesday, holding steady ahead of the European Central Bank’s Thursday policy meeting at which no change in official rates is expected.
China’s output data adds to case for economy steadying
BEIJING (Reuters) – China’s factory output grew in July at its fastest pace since the start of the year, adding to a run of data suggesting the world’s second-largest economy may be stabilizing after more than two years of slumping growth.
Ford’s Russian venture to reduce production at one plant
MOSCOW (Reuters) – Ford Sollers, a joint venture between U.S. automaker Ford Motor Co and Russian carmaker Sollers , is to reduce production at its Vsevolozhsk plant near St Petersburg, the company said on Friday.
Commerzbank CEO will stay on to complete revamp: paper
FRANKFURT (Reuters) – Martin Blessing, chief executive of German lender Commerzbank , said he will not step down from the bank until his reform program has been completed.
German economy probably grew strongly in second quarter, says ministry
BERLIN (Reuters) – The German economy is likely to have expanded significantly between April and June, helped by higher private consumption and investment in construction, but growth will be more modest in the rest of the year, the Economy Ministry sai…
Strikes, unrest cut OPEC oil supplies: IEA
LONDON (Reuters) – America’s shale oil boom is protecting the world from steep oil price spikes as several OPEC members struggle to maintain production due to unrest and infrastructure problems, the International Energy Agency (IEA) said on Friday.
