UK asks banks to tender for role in Lloyds, RBS sales
LONDON (Reuters) – Britain kicked off the process of appointing advisors for a sale of its shares in Lloyds Banking Group and Royal Bank of Scotland , asking investment banks to submit proposals by July 8.
Barclays: may have to cut lending to hit PRA target early
LONDON (Reuters) – Barclays said it has options to meet a new leverage ratio imposed by Britain’s financial watchdog, but warned it will have to cut lending if it is forced to meet the target quickly.
Shareholders, execs must map out Peugeot’s future: Hollande
BRUSSELS (Reuters) – French President Francois Hollande said on Friday that it was up to PSA Peugeot Citroen shareholders and executives to set out plans for the company’s future, and only then could the state offer its view.
Three ex-Patria executives charged over Croatia bribes: prosecutors
HELSINKI (Reuters) – Prosecutors in Finland said on Friday they would charge three former executives of defense group Patria with bribing government officials in Croatia.
U.S. charges Chinese wind company with stealing trade secrets
LOS ANGELES (Reuters) – Chinese wind turbine maker Sinovel Wind Group Co and two of its employees were charged with stealing trade secrets from U.S.-based AMSC by the Department of Justice (DoJ) on Thursday.
World central bank policymakers change gears
(Reuters) – The Federal Reserve’s gradual exit plan from printing money has shifted the world’s central bank landscape and thrown financial markets into a spin.
Russia’s Aeroflot considers leaving SkyTeam alliance: source
MOSCOW (Reuters) – Russian state-controlled airline Aeroflot sees no benefits from its membership in the SkyTeam alliance, but a decision to leave the group is not for management to take, a source close to its board told Reuters.
Global shares, bonds rise as Fed fears ease; gold sinks
LONDON (Reuters) – World shares hit their highest level in a week on Friday and bonds and oil rose after two U.S. central bankers moved to calm fears of an early withdrawal of monetary stimulus.
Europe clinches deals on banks, budget, youth jobless
BRUSSELS (Reuters) – European leaders agreed on new steps to fight youth unemployment and promote lending to credit-starved small business on Thursday after deals on banking resolution and the long-term EU budget gave their summit a much needed lift.
EU opens new front in China trade battle with stone case
BRUSSELS (Reuters) – The European Union has opened a new front in its trade battle with China by launching an investigation into alleged dumping by Chinese producers of stone used for counter tops and tiles.
