Mois : juin 2019

Marchers protest New York’s ‘commercialized’ Pride parade

NEW YORK, June 30 (Thomson Foundation) – Chanting slogans of defiance, thousands of marchers took to the streets of New York on Sunday to protest commercialization of the city’s official Pride parade attended by millions of people a few blocks away. The alternative Queer Liberation March in downtown Manhattan was designed to be a return

UPDATE 2-Israel’s Bank Leumi CEO to resign, new chairman named

TEL AVIV () – Bank Leumi said on Sunday Chief Executive Rakefet Russak-Aminoach will step down in the coming months after seven years as head of Israel’s biggest bank by market capitalization. FILE PHOTO – Pedestrians are reflected in the windows of a branch of Bank Leumi, Israel’s second-largest lender, in Tel Aviv, Israel May

Italy’s PM Conte says no talks on Sunday in Brussels over EU debt action

Italian Prime Minister Giuseppe Conte arrives at a European Union leaders summit that aims to select candidates for top EU institution jobs, in Brussels, Belgium June 30, 2019. /Yves HermanBRUSSELS () – Italy’s Prime Minister Giuseppe Conte said he will not discuss with European Union leaders on Sunday possible EU action over Rome’s debt, for

Nordea says CEO von Koskull to retire by end-2020

June 30 () – Nordea, one of the Nordic region’s biggest banks, said on Sunday its Chief Executive Casper von Koskull would retire by the end of 2020 and it had begun the process of finding a successor for the 58-year-old. Koskull joined Nordea in 2010 after working at Goldman Sachs and was named President

The history of the amazing Jaguar XJ

The Jaguar XJ  has been in production for more than 50 years.Production of the current model is due to end in July, though Jaguar has said there will be a new version at some point. We look back on its amazing history. The long-serving Land Rover Defender’s 68-year production run is frequently lauded but a

UPDATE 1-World’s central banks tackle technology with innovation hub

ZURICH () – Central banks grappling with fast-changing financial technology and companies like Facebook moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements. The BIS said the intention of the hub, which will be based in Basel, Hong Kong and Singapore,

Preserve your ammunition, BIS urges top central banks

LONDON () – Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition for more serious economic downturns rather than deplete it chasing higher growth. Bank for International Settlements (BIS) General Manager Agustin Carstens leaves after G-20 finance ministers and central banks governors family photo during the IMF/World

World’s central banks to tackle technology with BIS innovation hub

ZURICH, June 30 () – Central banks grappling with fast-changing financial technology and companies like Facebook moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements. The BIS said the intention of the hub, which will be based in Basel, Hong Kong

UPDATE 1-Network Rail makes indicative offer for some British Steel assets

() – Britain’s Network Rail said on Sunday it has made an indicative offer for some “railway critical” assets of British Steel, the country’s second-largest steel producer which went into liquidation last month. State-owned Network Rail is a British Steel customer, buying about 100,000 tonnes of rails a year from the company, which was put

Deutsche Bank in wealth management hiring spree

LONDON () – Deutsche Bank plans to hire 300 more relationship and investment mangers for its wealth management business by 2021, as part of a plan to bulk up in areas the German lender hopes will bring steadier revenue streams. Outside view of the Deutsche Bank headquarters in Frankfurt, Germany, March 17, 2019. /Ralph OrlowskiDeutsche

Airline Garuda Indonesia to fix financial statement after regulator order

JAKARTA () – Indonesian flag carrier Garuda (GIAA.JK) will comply with requests from regulators to “fix and restate” its financial statements and pay fines for accounting errors, company executives said on Sunday. FILE PHOTO: A plane belonging to Garuda Indonesia is seen on the tarmac of Terminal 3, SoekarnoÐHatta International Airport near Jakarta, Indonesia April

UPDATE 1-Israel’s Bank Leumi CEO to resign after seven years

(Adds quote, background, share reaction) TEL AVIV, June 30 () – Bank Leumi said on Sunday its Chief Executive Rakefet Russak-Aminoach will step down in the coming months after seven years as head of Israel’s biggest bank by market capitalisation. Russak-Aminoach, who joined Leumi in 2004 as head of the business division, did not provide

UPDATE 1-China’s June factory activity contracts more than expected

BEIJING () – China’s factory activity shrank more than expected in June, an official survey showed on Sunday, highlighting the need for more economic stimulus as U.S. trade tariffs ramped up pressure on the world’s second-largest economy. Workers direct a crane lifting steel pipes for export at a port in Lianyungang, Jiangsu province, China June

China’s service sector activity grows at slower pace in June – PMI

A worker cleans shop signs behind an installation depicting shoppers at a shopping mall in Beijing January 19, 2015. /Kim Kyung-Hoon BEIJING () – Growth in China’s services sector activity held firm in June, an official survey showed on Sunday, despite growing pressure on the broader economy from tougher U.S. trade measures. The official non-manufacturing

UK firms hit the brakes as Brexit and bad weather weigh – CBI

A tree covered in autumn foliage is seen with office skyscrapers around it during rainfall in the City of London, Britain, November 9, 2018. /Toby MelvilleLONDON () – Britain’s private sector has had its worst three months in nearly seven years as the Brexit impasse and poor weather hit economic growth, the Confederation of British

Motel 6 hotel chain to settle lawsuit over sharing guest lists with ICE

A sign marks a Motel 6 property in Espanola, New Mexico, U.S., July 11, 2018. /Brian Snyder() – Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the hotel chain routinely provided guest lists from properties in Arizona to U.S. Immigration and Customs Enforcement (ICE) agents, court documents showed

UPDATE 2-Deutsche Bank board to meet July 7 to decide on job cuts – sources

FRANKFURT () – Deutsche Bank’s (DBKGn.DE) supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, four people with knowledge of the matter said. FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. /Ralph Orlowski/File PhotoCEO Christian Sewing

UPDATE 1-Deutsche Bank board to meet July 7 to decide on job cuts – sources

FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. /Ralph Orlowski/File PhotoFRANKFURT () – Deutsche Bank’s (DBKGn.DE) supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, three people with knowledge of the matter said. CEO Christian Sewing

Romania’s president eyes new term, not EU’s top job

BUCHAREST () – Romania’s centrist President Klaus Iohannis said on Saturday he would decline any offer to get the European Union’s top job, seeking instead to win a fresh term as the country’s president. Romanian President Klaus Iohannis talks during a news conference after the European Union leaders summit in Brussels, Belgium, June 21, 2019.

Deutsche Bank board to meet July 7 to decide on cutting jobs – sources

FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. /Ralph Orlowski/File PhotoFRANKFURT () – Deutsche Bank’s (DBKGn.DE) supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, three people with knowledge of the matter said. A spokeswoman for

Global Fashion Group IPO mostly backed by existing shareholders

FRANKFURT () – Global Fashion Group (GFG) (GFG.DE) raised less than half the sum it had originally targeted in an initial public offering of new shares that drew weak investor demand and ended up being mostly backed by its existing shareholders. GFG said it placed 40 million new shares at a price of 4.50 euros,

Pakistan signs $375 million syndicated loan with UAE banks

DUBAI () – Pakistan signed a $375 million syndicated loan with banks in the United Arab Emirates in June made up of conventional and Islamic banking tranches, the Pakistani government said on Saturday. The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said.  Emirates NBD Capital Limited was global