Europe still sleeping even as Japan, Britain stir
LONDON (Reuters) – Another month, another listless set of business surveys is likely to show this week just how much the euro zone economy still has to do to get over its debilitating debt and banking crisis.
SAP says Co-CEO Snabe to move to supervisory board
FRANKFURT (Reuters) – Germany’s SAP AG said its co-Chief Executive Jim Hagemann Snabe would move to the company’s supervisory board next May, thus leaving fellow co-Chief Bill McDermott as sole helmsman at the software maker.
Insight: Resigned to reform, Wall Street tries a different tack in DC
(Reuters) – In March, as U.S. bank regulators were framing a new rule that would affect the $630 trillion derivatives market, JPMorgan Chase & Co sent five bankers from New York and London to Washington to raise some fine points about the impact of the financial reform.
GSK boss to address China scandal at quarterly results: sources
LONDON (Reuters) – GlaxoSmithKline Chief Executive Andrew Witty will detail what action the drugmaker is taking in response to allegations of bribery against it in China when he presents quarterly results on Wednesday, sources familiar with the matter …
U.S. Treasury Secretary Lew urges Greece to stick with reforms
ATHENS (Reuters) – U.S. Treasury Secretary Jack Lew urged Greece on Sunday to persevere with tough economic reforms during a one-day trip to Athens designed to demonstrate Washington’s support for the crisis-plagued country.
Japan PM Abe says want to reach sales tax hike decision in autumn
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Sunday that he wants to decide in the autumn whether to proceed with a scheduled sales tax hike next year, while looking carefully at economic indicators.
Analysis: Erdogan puts Turkish policymakers in dilemma
ISTANBUL (Reuters) – With a powerful prime minister bent on pumping up growth ahead of elections but a sliding currency and rising borrowing costs, Turkish policymakers are caught between a rock and a hard place.
OECD publishes plan to cut tax evasion
LONDON (Reuters) – The Organization for Economic Co-operation and Development has (OECD) unveiled new plans to tackle tax evasion by improving the way tax authorities share information about individuals and entities like trusts.
In Detroit’s ruin, law firms see land of new opportunity
(Reuters) – With more than $18 billion at stake in Detroit’s restructuring, big law firms and other advisers are clamoring to represent the city’s many creditors – including some advisers not exactly known for municipal work.
Out of prison, former HealthSouth CEO Scrushy seeks redemption
NEW YORK/BIRMINGHAM, Alabama (Reuters) – Freed from federal prison but still owing more than $2 billion to the company he once ran, former HealthSouth Corp Chief Executive Richard Scrushy is trying to make a comeback. Not everyone wishes him success.
