Analysis: JPMorgan faces ‘hard sell’ in crowded market for commodity traders
NEW YORK (Reuters) – For third time in five years, one of the world’s biggest commodity trading desks is for sale.
Naming mediator brings authority to fractious Detroit bankruptcy case
(Reuters) – Of all the legal maneuvers so far in Detroit’s bankruptcy case by unions or the city’s emergency manager, the one that may have the most impact was when the judge decided to name a mediator.
Boeing requests worldwide checks of Honeywell beacons
(Reuters) – Boeing Co asked airlines on Sunday to inspect aircraft worldwide to gather data on Honeywell International Inc emergency beacons that have come under scrutiny following a fire on a parked 787 Dreamliner two weeks ago.
Britain’s SFO to receive funding for Barclays probe: FT
(Reuters) – Britain’s Serious Fraud Office (SFO) is expected to receive about 2 million pounds ($3.07 million) from the UK Treasury to support its criminal probe into the dealings between Barclays Plc and Qatar Holding, the Financial Times reported on …
Mazda likely to post huge jump in first-quarter operating profit: Nikkei
TOKYO (Reuters) – Mazda Motor Corp is likely to see its April-June operating profit rise 20 times from a year ago to around 35 billion yen ($357 million), helped by a weakening in the yen and strong sales of new models, the Nikkei business daily report…
Fed officials to mull much, change little at July meeting
(Reuters) – Federal Reserve officials this week are likely to have a lively debate on how best to prepare financial markets for a reduction of their bond-buying program, but appear certain to wait for further economic data before curtailing their stimu…
British banks still credit-shy towards small firms, study finds
LONDON (Reuters) – Britain’s risk-wary banks are reluctant to lend to small firms or pass on cuts in interest rates, according to government-commissioned research that points to a lack of supply rather than demand as the main brake on transactions.
Europe banks get set for dividend lift – if regulators allow
LONDON (Reuters) – A clutch of European banks are primed to lift dividends to put them back on the radar of yield-hungry investors after years spent using cash to repair balance sheets.
Boeing asks airlines to inspect Honeywell emergency beacons
PARIS (Reuters) – Boeing said it had asked airlines using Honeywell fixed emergency beacons to inspect the devices on most of its worldwide fleet to gather data for regulators following a recent fire on board a parked 787 Dreamliner.
Analysis: China leaders play safe on reforms as growth sags
BEIJING (Reuters) – For all the strong rhetoric, China’s latest policy actions suggest a shift in focus on the economy to mix relatively pain-free reforms that burnish Beijing’s credentials for change with measures to prop up sagging growth.
