Business News

Wed, May 23, 2012

Reebok India accuses former top execs of $157 million fraud

MUMBAI (Reuters) - Reebok India, owned by Germany's Adidas , lodged a police complaint against two former top executives accusing them of fraud that had ...

A businessman walks past pillars in Tokyo December 14, 2009. REUTERS/Yuriko Nakao

Wed, May 23, 2012

Specialist banks cherry pick from lay-offs

By Sarah White

LONDON (Reuters) - Small investment banks and brokerages in Europe are making the most of a hiring shutdown and cuts at bigger ...

Yao Gang, Vice Chairman of China Securities Regulatory Commission, takes part in the Asian Financial Forum in Hong Kong January 16, 2012. RE

Wed, May 23, 2012

China plans brokerage reforms to create its own Goldman Sachs

By Kazunori Takada and Samuel Shen

SHANGHAI (Reuters) - China is rolling out sweeping brokerage reforms to nurture future global investment banks that officials hope ...

A Jet Airways aircraft waits for take off on the tarmac at the airport in Mumbai September 13, 2009. REUTERS/Punit Paranjpe

Wed, May 23, 2012

India's Jet likely to order 100 planes for $3.75 billion: CAPA

NEW DELHI (Reuters) - Jet Airways is expected to order more than 100 narrow-body aircraft for up to $3.75 billion in 2012/13 as ...

Wed, May 23, 2012

PTT's $1.9 billion bid for Cove trumps Shell

By Tom Bergin and Sarah Young

LONDON (Reuters) - Thailand's PTT Exploration and Production has trumped Royal Dutch Shell's bid for Mozambique-focused explorer ...

The MetLife building is seen in New York, March 8, 2010. REUTERS/Shannon Stapleton

Wed, May 23, 2012

MetLife to outline growth plan, eyes emerging markets

(Reuters) - MetLife Inc , the largest U.S. life insurer, said it plans to refocus its U.S. business and will seek to grow in ...

U.S. Treasury Secretary Timothy Geithner takes a tour of the Marlin Steel Wire Products factory in Baltimore, Maryland, May 17, 2012. REUTER

Wed, May 23, 2012

Guessing game begins over next Treasury chief

By Glenn Somerville

WASHINGTON (Reuters) - Wanted for the Treasury Department: a new boss who can fix trillion-dollar-plus budget deficits, overhaul the tax system and ...

Sovereign debt lawyer Lee Buchheit is seen in this 2008 photograph released by the law firm Cleary Gottlieb Steen & Hamilton LLP. to Reuters

Wed, May 23, 2012

The governments' man when creditors bay

By Daniel Bases

NEW YORK (Reuters) - If any other European countries were to follow Greece into a debt default, Athens can recommend a lawyer ...

Boxes containing Lenovo desktop computers are seen in an office in Kiev March 12, 2012. REUTERS/Gleb Garanich

Tue, May 22, 2012

Lenovo fourth quarter net profit up 59 percent, meets forecasts

HONG KONG (Reuters) - Lenovo Group Ltd <0992.HK>, the world's No.2 PC maker by sales, reported a 59 percent rise in fourth-quarter net profit ...

Tue, May 22, 2012

Consumer watchdog focusing on prepaid cards

By Dave Clarke

WASHINGTON (Reuters) - The consumer financial watchdog is turning its attention to the growing prepaid card market, announcing on Wednesday that it ...