UBS boosts Swiss presence in commodity trade finance
GENEVA (Reuters) – Swiss bank UBS , which has made deep cuts in its investment banking arm, is expanding in commodity trade finance by hiring 10 bankers in Geneva since the start of the year, a director said on Thursday.
HSBC breaks into Asia-Pacific ex-Japan M&A top tier for first time
HONG KONG (Reuters) – HSBC Holdings Plc leapfrogged investment banking rivals including Goldman Sachs to land in the top five for Asian M&A advisory for the first time, boosted by its ability to provide funding for clients and a string of deals in India and Hong Kong.
Analysis: In shadow of landmark decisions, U.S. high court also rules for business
WASHINGTON (Reuters) – Less noticed in a flurry of high-profile rulings on race, voting rights and gay marriage was how the U.S. Supreme Court rounded off its term by delivering a string of victories to businesses and employers.
Japan prices stop falling but BOJ inflation goal seen a tall order
TOKYO (Reuters) – Japan’s consumer prices stopped falling in May and labor demand reached its strongest level in five years, but the Bank of Japan’s time frame for achieving a 2 percent inflation target still appears unlikely.
Cengage Learning may file for bankruptcy protection soon: WSJ
(Reuters) – Textbook publisher Cengage Learning Acquisitions Inc may file for bankruptcy protection in the coming days, the Wall Street Journal said, citing people familiar with the matter.
Wall Street watchdog scraps controversial supervision plan
(Reuters) – Wall Street’s industry-funded watchdog has scrapped a controversial plan that would have required brokerages to supervise business lines that are not related to the securities industry, according to a recent regulatory filing.
U.S. charges Chinese wind company with stealing trade secrets
Msc.oLOS 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.
Exclusive: Justice Department probing American, US Airways merger
WASHINGTON (Reuters) – The U.S. Justice Department is taking depositions as part of a probe into a planned merger of American Airlines Inc and US Airways Group Inc that would create the world’s largest airline, three sources close to the discussions to…
CFTC charges Corzine in MF Global collapse
WASHINGTON (Reuters) – A top U.S. regulator charged former MF Global chief Jon Corzine over the collapse of the futures brokerage, blaming the former Goldman Sachs co-chief executive with being a key actor in one of the country’s 10 biggest bankruptcie…
FCC not seeking divestitures in Sprint/Clearwire/SoftBank deal
WASHINGTON/NEW YORK (Reuters) – The U.S. telecommunications regulator is not planning to ask Sprint Nextel Corp or Clearwire Corp to divest any spectrum in order to gain approval for Sprint’s proposed buyout of Clearwire, two sources familiar with the …
