ProSiebenSat.1 owners find no buyer for German group: magazine
BERLIN (Reuters) – ProSiebenSat.1’s private equity owners have not yet found an investor willing to buy the German commercial broadcaster, Der Spiegel reported, citing one of the owners.
European regulator preparing database on bankers
LONDON (Reuters) – The European Union will soon begin sharing information on how bankers fare in ‘fitness and probity’ tests in member states, making it harder for errant bankers to evade regulatory scrutiny by crossing national borders.
Europe a hotchpotch of testing regimes for bankers
LONDON (Reuters) – Five years after mismanagement brought the global financial system to the brink of collapse, a Reuters survey reveals yawning differences in the way European Union countries assess whether bankers are up to the job.
ECB cannot solve euro zone crisis: Bundesbank chief
AIX-EN-PROVENCE, France (Reuters) – The European Central Bank cannot solve the euro zone crisis, Bundesbank chief Jens Weidmann told economists on Sunday, pressing the bloc’s governments to get their economies in shape and tighten their fiscal rules.
BMW labor chief blames management for parts shortage: magazine
BERLIN (Reuters) – Cost cuts at Germany’s BMW have led to a shortage of spare parts at dealers, prolonging delivery times and frustrating customers, Automobilwoche reported on Sunday, citing the luxury carmaker’s top labor representative.
Analysis: Price-cost pinch dulls last luster of South Africa’s gold
KROMDRAAI/JOHANNESBURG, South Africa (Reuters) – A hand drill lying in the hillside tunnel of a 19th-century South African gold mine testifies to the back-breaking labor by black miners that built what was once the world’s biggest bullion industry.
IMF’s Lagarde says may trim global growth forecast
PARIS (Reuters) – The International Monetary Fund may this week trim its global growth forecast because of the situation in emerging countries, IMF chief Christine Lagarde told a conference on Sunday.
Bulgaria to raise fiscal deficit to 2 percent of GDP – minister
SOFIA (Reuters) – Bulgaria’s Socialist-led government plans to increase the fiscal deficit this year to 2 percent of gross domestic product from 1.4 percent at present mainly due to an expected drop in revenue and increased spending, the finance minist…
Israel Corp unit plans 2 bln pound listing in London: report
JERUSALEM (Reuters) – A company being spun-off from Israel Corp , one of Israel’s largest conglomerates, is planning a 2 billion pound ($2.98 billion) listing on the London Stock Exchange, the Sunday Times reported on Sunday.
Swatch CEO hopes for 9 billion Sfr sales in 2013: paper
ZURICH (Reuters) – Swatch Group might be able to achieve sales of 9 billion Swiss francs ($9.36 billion) this year, Chief Executive Nick Hayek was quoted as saying on Sunday, adding the important Chinese market recovered in June.
