Publicis says to make major corporate announcement
PARIS (Reuters) – French advertising group Publicis said it plans to make a “major corporate announcement” on Sunday, after a media report on Friday said it was in merger talks with larger rival Omnicom.
India’s Lanco Infra starts process to restructure $1.3 billion debt
MUMBAI (Reuters) – India’s Lanco Infratech Ltd has started a process to restructure debts totaling 75 billion rupees ($1.3 billion) after economic weakness impacted the performance of some of its businesses such as power and engineering and constructio…
India’s Lanco Infra starts process to restructure $1.3 billion debt
MUMBAI (Reuters) – India’s Lanco Infratech Ltd has started a process to restructure debts totaling 75 billion rupees ($1.3 billion) after economic weakness impacted the performance of some of its businesses such as power and engineering and constructio…
EU, China resolve solar dispute – their biggest trade row by far
BRUSSELS/BEIJING (Reuters) – China and the European Union defused their biggest trade dispute by far on Saturday with a deal to regulate Chinese solar panel imports and avoid a wider war in goods from wine to steel.
Fed’s Lacker says exit from bond-buying should be quick
BERLIN (Reuters) – The U.S. central bank should stop its bond-buying quickly and an end to the program was “in sight”, a senior Federal Reserve official said in an interview with a German magazine on Saturday.
Siemens probes China operations: magazine
BERLIN (Reuters) – German engineering group Siemens is probing its China operations as sales and orders in the world’s second-largest economy have failed to grow, Wirtschaftswoche reported without citing the source of the information.
Under siege, JPMorgan to quit physical commodities
NEW YORK (Reuters) – JPMorgan Chase & Co is exiting physical commodities trading, the bank said in a surprise statement on Friday, as Wall Street’s role in the trading of raw materials comes under unprecedented political and regulatory pressure.
Manager of defunct hedge fund pleads guilty to fraud
(Reuters) – A former hedge fund manager pleaded guilty on Friday to defrauding investors in a $12.6 million scheme, more than five years after the fund collapsed under the weight of failed real estate loans.
Boeing changes chief 787 engineer in management shuffle
WASHINGTON (Reuters) – Boeing Co said on Friday it was rotating five executives in its commercial airplanes division, including Mike Sinnett, the chief engineer on the company’s 787 Dreamliner, which was banned from flight earlier this year after its b…
Wall St. Week Ahead: Stocks face the Fed, jobs and earnings
NEW YORK (Reuters) – The coming week on Wall Street could be a summer blockbuster, with the marquee featuring a triple bill: the Fed, jobs and earnings.
