Troubled euro zone weighs on German investor morale
MANNHEIM, Germany (Reuters) – German analyst and investor sentiment unexpectedly worsened in July, reflecting economic tensions in the euro zone and a global slowdown that is hitting exports, a survey showed on Tuesday.
Exclusive: Smithfield’s China bidders plan Hong Kong IPO after deal – sources
SINGAPORE/HONG KONG (Reuters) – China’s Shuanghui International Holdings, which has agreed to buy U.S. pork producer Smithfield Foods Inc. for $4.7 billion, plans to list the combined company in Hong Kong after completing the takeover, people with know…
Barclays poaches JP Morgan’s Morzaria as new finance boss
LONDON (Reuters) – Barclays has poached JP Morgan executive Tushar Morzaria to become its new finance director from February, offering up to 6 million pounds ($9.1 million) in annual pay and awards to help its recovery from a series of scandals.
Auditor to urge French banks, insurers to report dormant billions: paper
PARIS (Reuters) – France’s national auditor will criticize banks and insurers for failing to report billions of euros in unclaimed life insurance policies and bank accounts left dormant for years after the death of their owners, daily Les Echos reporte…
Dutch look again at tax treaties with developing countries
AMSTERDAM (Reuters) – The Dutch government is reviewing double taxation treaties with developing countries to determine if they are unfair and should be renegotiated, State Secretary of Finance Minister Frans Weekers said.
Renault-Nissan chief sees growth in Russian car market
MOSCOW (Reuters) – Renault-Nissan boss Carlos Ghosn expects Russia’s car market to overcome recent weakness and is aiming, with the help of Lada-maker AvtoVAZ , to capture 40 percent of the market, he said in a newspaper interview.
Car makers shrug off new China sale restrictions
SHANGHAI (Reuters) – China plans to restrict vehicle sales in eight more cities to curb traffic congestion and pollution, but car manufacturers are not worried, since they expect organic growth in the world’s biggest auto market to outweigh any restric…
Santander has considered investing in Commerzbank: paper
FRANKFURT (Reuters) – Spain’s Banco Santander has considered investing in Commerzbank , Germany’s second-biggest bank, the daily Die Welt reported, citing financial sources.
Shares, euro steady ahead of data, Bernanke
LONDON (Reuters) – European markets traded in narrow ranges early on Tuesday as investors shied away from major moves ahead of inflation and German confidence data and awaited further clues on U.S. monetary stimulus.
POSCO drops $5.3 billion Indian steel mill, keeps main project alive
SEOUL (Reuters) – South Korea’s POSCO said on Tuesday it will pull out of a $5.3 billion steel mill development in India’s Karnataka state, but will proceed with another $12 billion project billed as the country’s largest foreign direct investment.
