Insight: Bangladesh struggles to check garment factories are safe
DHAKA (Reuters) – In the weeks since the Rana Plaza collapse killed more than 1,100 workers, at least five different Bangladesh agencies have sent teams to begin inspecting the estimated 5,600 factories that make up the nation’s $20 billion garment ind…
Saudi Arabia awards $22.5 billion contracts to build Riyadh metro
RIYADH (Reuters) – The Saudi Arabian government awarded $22.5 billion in contracts to three foreign-led consortia on Sunday for the design and construction of a metro rail system in the capital Riyadh.
Steven Cohen throws a party despite his fund’s indictment
(Reuters) – Hedge fund billionaire Steven A. Cohen did not let the filing of criminal charges against his $14 billion SAC Capital Advisors get in the way of a party this weekend at his vacation estate in tony East Hampton, New York.
ECB could publish minutes of meetings soon: newspaper
BERLIN (Reuters) – The European Central Bank (ECB) could soon publish the minutes of its Governing Council meetings, which until now have been kept secret, two of the central bank’s executive board members said, according to a German newspaper.
WPP’s Sorrell sees more deals after Publicis Omnicom
LONDON (Reuters) – Martin Sorrell, head of world No. 1 ad group WPP, congratulated long-time rival Maurice Levy on persuading Omnicom to merge, adding that further consolidation was inevitable in the industry.
Reading the runes in Washington and Frankfurt
LONDON (Reuters) – Three of the world’s leading central banks are likely to reaffirm their determination this week to keep a lid on interest rates for a long time to come, despite signs that their economies are slowly on the mend.
Publicis, Omnicom to merge to create advertising giant
PARIS (Reuters) – Publicis and Omnicom plan to merge to create the world’s biggest advertising group, worth $35.1 billion, a tie-up that could spur rivals to do deals to keep pace with big changes from technology and the Internet.
Russia’s Putin courts Ukraine ahead of planned EU deals
KIEV (Reuters) – Russian President Vladimir Putin urged Ukraine to weigh carefully the benefits of joining Russia’s regional trade bloc against its plans for closer ties with the European Union on a visit to Ukraine to attend a religious festival.
Lew says stubborn Congress risks repeating U.S. fiscal wounds
WASHINGTON (Reuters) – U.S. Treasury Secretary Jack Lew on Sunday warned Congress against manufacturing a crisis over federal spending in the months ahead, as looming deadlines set the stage for a repeat of the political deadlock which two years ago tr…
Analysis: Oversold China catches the eye of investors
NEW YORK (Reuters) – A slowdown in China has hit its financial markets hard this year as fund managers cut exposure to the world’s second largest economy, but some investors say it may be time to jump back in.
