By Darya Korsunskaya MOSCOW (Reuters) -Russia is becoming too dependent on oil revenues to support its budget as it ramps…
Germany falls to bottom rung of investment ranking on energy costs, labour shortage
(Reuters) – Germany’s attractiveness as an investment location has fallen four places to 18th of 21 in a ranking of…
Credit Suisse set to cut 10% of European investment bankers -FT
(Reuters) – Swiss lender Credit Suisse is looking to cut more than 10% of its staff of European investment bankers…
Schroders gets nod to set up China fund unit as Beijing speeds up approvals
SHANGHAI (Reuters) – Schroders has obtained Chinese regulatory approval to set up a wholly-owned mutual fund unit in China, as…
UBS has no desire to buy Credit Suisse, chairman tells newspaper
ZURICH (Reuters) – UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said…
U.S. lawmakers call FAA outage ‘unacceptable,’ demand a fix
By David Shepardson WASHINGTON (Reuters) -A group of more than 120 U.S. lawmakers told the Federal Aviation Administration’s (FAA) its…
Tough road ahead for U.S. fintech lenders as default risk rises
By Matt Tracy (Reuters) – U.S. fintech companies that lend to consumers with impaired credit scores face a tough year…
BMW planning major investment in Mexico, minister says
MEXICO CITY (Reuters) – German carmaker BMW is planning a new major investment in the central Mexican state of San…
Stocks rise for sixth straight session, BOJ speculation lifts yen
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks scored its sixth straight session of gains on…
Airbus withdraws from U.S. FAA Boeing safety culture panel
By David Shepardson WASHINGTON (Reuters) – European planemaker Airbus said it had withdrawn from a U.S. government-named panel reviewing Boeing’s…