January, 2017

• 29 January

  Retail malaise puts pressure on chains to shutter more stores

  

    Bloomberg Reeling from a shaky holiday season and slowing mall traffic, US retailers are facing increasing pressure to close stores as more of their business migrates to the internet. More than 10 percent of US retail space, or nearly 1 billion square feet, may need to be closed, converted to other uses or renegotiated for lower rent in coming ...

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• 29 January

  Boeing’s new 737 airliner may fly in Europe first

  

    Bloomberg Southwest Airlines Co. was eager to sign up as the ‘launch customer’ for Boeing Co.’s new 737 Max, soon to be the Greyhound of the skies as it replaces its older, less fuel-efficient cousins in fleets worldwide. But Southwest won’t be first to fly or even receive the new aircraft. That honour will go to a smaller low-cost ...

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• 29 January

  China to order banks to curb new loans in Q1

  

    Bloomberg China’s central bank has ordered the nation’s lenders to strictly control new loans in the first quarter of the year, people familiar with the matter said, in another move to curb excess leverage in the financial system. The new guidance from the People’s Bank of China puts a particular emphasis on mortgage lending, the people said, as authorities ...

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• 29 January

  Intesa’s Eurizon eyes $430bn of managed assets in 2017

    Bloomberg Intesa Sanpaolo SpA’s fund-management arm expects rising inflows to boost assets to about 400 billion euros ($430 billion) as it expands its institutional client base, adds commercial offers and widens its distribution network. Eurizon Capital SGR SpA plans to expand its European staff by about 3 percent this year from the current 550 employees, partly by hiring teams ...

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• 29 January

  ‘Italy’s $21bn bank rescue fund sufficient’

  

    Bloomberg Italy’s 20 billion-euro ($21.4 billion) government rescue fund is sufficient to recapitalize the country’s troubled banks, and about a third of money will be used for Banca Monte dei Paschi di Siena SpA, Bank of Italy governor Ignazio Visco said. “This measure is an important one for Italy as it emerges from the crisis that buffeted its economy ...

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• 29 January

  Jefferies to cost Credit Suisse bankers $10mn

  

    Bloomberg A talent war between Jefferies Group LLC and Credit Suisse Group AG is threatening to escalate. Five Credit Suisse bankers who reneged on agreements to join Jefferies this month may face demands that they pay more than $10 million to their scorned suitor, according to a person with knowledge of the matter. The bankers signed contracts with Jefferies ...

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• 29 January

  Germany sees Monte Paschi bailout eroding bank-failure rules

  

    Bloomberg German officials and lawmakers are concerned the state rescue of Banca Monte dei Paschi di Siena SpA is stretching the credibility of the European Union’s new regime for too-big-to-fail banks. Wolfgang Schaeuble’s Finance Ministry remains skeptical about Italy’s plan to protect individual investors and would prefer them to seek individual compensation through the courts rather than en masse ...

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• 29 January

  ‘The Big Bang Theory’ recap

  

    Washington / DPA Scientists of all stripes have appeared as characters in movies and TV shows: from the meglomaniacal Dr Frankenstein, to archaeologist adventurer Indiana Jones, the “Back to the Future” time-machine inventor Doc Brown and the palaeontologists in dinosaur-filled “Jurassic Park.” But rarely has scientific accuracy in an entertainment medium been so carefully researched as in the popular ...

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• 29 January

  Creating alternative rockstars of YouTube

  

    Bamberg / DPA When Annemarie Sommer enters the seminar room she’s convinced that in order to be a YouTube sensation, you have to do things others wouldn’t think of doing. When the 15-year-old leaves, she knows that in fact, YouTube stars don’t necessarily have the best videos – but they are the best connected. “How to Become a Rockstar ...

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• 29 January

  BP sees slowing oil demand growth, abundant supplies

  

    Bloomberg Oil demand growth will slow and supplies will remain abundant in the coming decades, meaning producers in the Middle East, Russia and US continue to gain market share at the expense of higher-cost rivals, said BP Plc. Demand for oil will expand by an average 0.7 percent a year over the next two decades, little more than half ...

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