Siemens to cut 1,700 jobs in energy operations: report
FRANKFURT (Reuters) – Siemens is expected to cut around 1,700 jobs in the restructuring of its energy business, a German magazine reported on Saturday, citing an unnamed senior manager.
German finance minister slams Irish bankers as ‘aloof super humans’
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble slammed Irish bankers caught on tape joking about a bailout, calling them “aloof super humans” worthy of contempt.
Jordan’s first quarter economic growth rises to 2.6 percent
AMMAN (Reuters) – Economic growth in Jordan picked up to 2.6 percent year-on-year in the first quarter from 2.2 percent in the fourth quarter, central statistics office data showed on Saturday.
Hugo Boss eyes Asia for one fifth of group sales: report
FRANKFURT (Reuters) – German fashion house Hugo Boss wants its Asian business to lift its contribution to group sales to 21 percent from 15 percent by 2015, Chief financial Officer Mark Langer told Boersen-Zeitung newspaper.
RCS Mediagroup may be split into three after cash call: report
MILAN (Reuters) – RCS Mediagroup , the publisher of influential Italian newspaper Corriere della Sera, could be split into three units after a capital hike that is changing the balance of power among its shareholders, La Repubblica reported on Saturday…
ThyssenKrupp mulls selling part of European steel business, paper
FRANKFURT (Reuters) – ThyssenKrupp , Germany’s biggest steelmaker, is examining the possibility of selling part of its European steel business to an investor, Rheinische Post newspaper said on its website on Saturday, citing unnamed supervisory board s…
Deutsche Bank settles L.A. claims on foreclosure blight
FRANKFURT (Reuters) – Deutsche Bank said it has settled a lawsuit with the U.S. city of Los Angeles that accused the bank of allowing hundreds of foreclosed properties to deteriorate into slum conditions and destabilize communities.
ECB ‘looking carefully’ at forward guidance: report
LONDON (Reuters) – The European Central Bank is looking carefully at forward guidance but it is too early to say whether it will be used more extensively, executive member of the ECB’s executive board Benoît Cœuré told The Times.
Russian tycoon bids for control of Swiss steelmaker
LUCERNE, Switzerland (Reuters) – Russian tycoon Viktor Vekselberg has launched a bid to control Swiss steelmaker Schmolz+Bickenbach after he failed to win support from shareholders to raise more capital and install his preferred candidate on the compan…
South Korea extends bidding on $7.3 billion fighter jet project: media
SEOUL (Reuters) – South Korea has extended bidding on a $7.3 billion (8.3 trillion won) fighter jet project after a second round of bidding ended on Friday with three aviation makers offering prices above the estimated cost, South Korea’s news agency s…
