Commerzbank says UniCredit’s approach is hostile and unilateral
By Ludwig Burger and Valentina Za FRANKFURT (Reuters) -Commerzbank on Wednesday defined UniCredit’s approach for a potential tie-up as “hostile”, and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit…
Japan’s Nidec posts higher third-quarter operating profit
TOKYO (Reuters) -Japanese electric motor maker Nidec posted a 5% rise in third-quarter operating profit on Thursday as the company said it benefited from strong demand for data centre power generators and battery energy storage systems. Operating profit for the…
Japan kicks off spring wage talks, smaller firms in focus
By Makiko Yamazaki TOKYO (Reuters) – Japan’s biggest business lobby Keidanren and trade unions kicked off annual labour talks on Wednesday that are likely to lead to another year of bumper wage hikes, though policymakers will be mainly focused on…
Japan wage growth gathers steam as reluctant retailers raise pay
By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) – Japan’s retailers, typically among the most tight-fisted of employers, are offering big pay increases for a second year in a row, meaning squeezed profits for companies, more spending money for workers,…
ECB’s Knot is ‘comfortable’ with cuts at next two meetings – Bloomberg TV
FRANKFURT (Reuters) – European Central Bank policymaker Klaas Knot on Wednesday backed market bets on interest rate cuts at the ECB’s next two meetings but said the path further ahead was more uncertain, also given a likely new U.S. trade…
Column-‘Golden age’ here already, Trump just needs to protect it: Mike Dolan
By Mike Dolan LONDON (Reuters) – In many respects, Donald Trump inherited the “golden age” he claims to be ushering in. All he really needs to do is not screw it up. In economic and financial terms, the United States…