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Japan's Nippon Life eyeing M&A for foreign boutique bond and alternative funds

December 31, 2017 by  
Filed under News

TOKYO (Reuters) – Japan’s Nippon Life Insurance Co [NPNLI.UL], which recently struck a deal to buy about a quarter of U.S. investment firm TCW Group, is scouting for opportunities to buy boutique managers of bonds and alternative assets, its president said.


Source: Reuters Business News

Mitsubishi says on track to deliver long-delayed jets by 2020

December 31, 2017 by  
Filed under News

NAGOYA, Japan (Reuters) – Japan’s Mitsubishi Heavy Industries Ltd is on track to deliver its repeatedly delayed commercial jet by mid-2020, the head of its aircraft unit said, despite a risk of an order cancellation.


Source: Reuters Business News

UK may use taxes to get tech giants to do more to fight extremism, minister says

December 31, 2017 by  
Filed under News

LONDON (Reuters) – Britain may impose new taxes on tech giants like Google and Facebook unless they do more to combat online extremism by taking down material aimed at radicalizing people or helping them to prepare attacks, the country’s security minister said.


Source: Reuters Business News

German lawmaker blasts EU for opposing Niki sale to Lufthansa

December 31, 2017 by  
Filed under News

BERLIN (Reuters) – The German government will probably lose a 150 million-euro government-backed loan to insolvent Air Berlin because the European Union opposed Lufthansa’s purchase of Air Berlin’s Austrian unit, Niki, a senior member of Chancellor Angela Merkel’s conservatives said on Sunday.


Source: Reuters Business News

Siemens to gauge interest of state funds in Healthineers IPO: CEO

December 31, 2017 by  
Filed under News

FRANKFURT (Reuters) – Siemens will test the appetite of sovereign wealth funds ahead of the planned listing of its healthcare unit Healthineers next year, its chief executive told a German weekly, possibly to secure anchor investors for the flotation.


Source: Reuters Business News

Around 6,000 Swiss VW owners seek damages in emissions scandal

December 30, 2017 by  
Filed under News

ZURICH (Reuters) – Swiss consumer protection organization SKS has filed a claim on behalf of some 6,000 car owners seeking damages from Volkswagen AG and Swiss car dealer AMAG related to the “Dieselgate” emissions scandal.


Source: Reuters Business News

Uniper CEO criticizes suitor Fortum for lack of clarity

December 30, 2017 by  
Filed under News

FRANKFURT (Reuters) – The chief executive of German energy producer Uniper has criticized Finnish suitor Fortum for a lack of clarity about its intentions in a planned 8 billion euro ($9.6 billion) takeover of the company.


Source: Reuters Business News

Wall Street eyes 2018 gains with a side of caution

December 30, 2017 by  
Filed under News

(Reuters) – U.S. stocks are expected to keep rising in 2018 because a massive drop in the corporate tax rate is seen boosting the economy and corporate profits, but strategists say sizable gains could either be short-lived or elusive.


Source: Reuters Business News

Deutsche Bank to resume normal bonuses, some to get raises: CEO

December 30, 2017 by  
Filed under News

FRANKFURT (Reuters) – Deutsche Bank will resume the payment of normal bonuses for 2017, the bank’s chief told a German newspaper, and some employees will get raises.


Source: Reuters Business News

Trump wants Postal Service to charge 'much more' for Amazon shipments

December 29, 2017 by  
Filed under News

SEATTLE/WASHINGTON (Reuters) – President Donald Trump called on the U.S. Postal Service on Friday to charge “much more” to ship packages for Amazon , picking another fight with an online retail giant he has criticized in the past.


Source: Reuters Business News

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