MONEY (MSM)
Lufthansa (LHAG.DE) and the union representing cabin crew say they are confident they will reach an agreement in a protracted dispute over pay and pensions. The cabin crew union, UFO, representing about 19,000 flight attendants, opposes changes to company pension plans and has for more than a year been negotiating with Lufthansa over a new wage contract. “I’m convinced that we can find constructive solutions,” Lufthansa personnel chief Bettina Volkens
Lufthansa (LHAG.DE) and the union representing cabin crew say they are confident they will reach an agreement in a protracted dispute over pay and pensions. The cabin crew union, UFO, representing about 19,000 flight attendants, opposes changes to company pension plans and has for more than a year been negotiating with Lufthansa over a new wage contract. “I’m convinced that we can find constructive solutions,” Lufthansa personnel chief Bettina Volkens
ZURICH/HONG KONG (Reuters) – UBS’s giant banner on Hong Kong’s One Peking Road skyscraper, so big it has drawn complaints for keeping solar panels in the shade, is a testament to the renewed push among Swiss banks to win business from Asia’s burgeoning ranks of millionaires. Switzerland’s wealth managers have long courted Asia’s super-rich amid slowing growth at home and an international crackdown on its bank secrecy rules that has
ZURICH/HONG KONG (Reuters) – UBS’s giant banner on Hong Kong’s One Peking Road skyscraper, so big it has drawn complaints for keeping solar panels in the shade, is a testament to the renewed push among Swiss banks to win business from Asia’s burgeoning ranks of millionaires. Switzerland’s wealth managers have long courted Asia’s super-rich amid slowing growth at home and an international crackdown on its bank secrecy rules that has
ZURICH/HONG KONG (Reuters) – UBS’s giant banner on Hong Kong’s One Peking Road skyscraper, so big it has drawn complaints for keeping solar panels in the shade, is a testament to the renewed push among Swiss banks to win business from Asia’s burgeoning ranks of millionaires. Switzerland’s wealth managers have long courted Asia’s super-rich amid slowing growth at home and an international crackdown on its bank secrecy rules that has
Warren Buffett’s Berkshire Hathaway Inc said on Friday its second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, …
BEIJING/SHANGHAI (Reuters) – Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world’s second-largest economy. Imports also fell heavily from a year earlier, in line with market forecasts but suggesting domestic demand might be too feeble to offset the weaker global demand for China’s exports. Economists
Warren Buffett’s Berkshire Hathaway Inc said on Friday its second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, …
Growth in oil tanker shares can run a bit longer, analysts and investors say, though they see weakness in dry bulk, liquid natural gas and container shipping extending into 2016 or beyond. The broad maritime market, as represented by the Guggenheim Invest Shipping ETF (SEA.P), has fallen 8.5 percent so far this year. The Guggenheim ETF includes companies ranging from oil tanker Nordic American Tankers Ltd (NAT.N), which has risen
BEIJING/SHANGHAI (Reuters) – Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world’s second-largest economy. Imports also fell heavily from a year earlier, in line with market forecasts but suggesting domestic demand might be too feeble to offset the weaker global demand for China’s exports. Economists
