Qatar snaps up stakes in key lenders
Qatar is launching another multi-billion dollar push into the banking sector, buying fresh stakes in Russia’s VTB and Germany’s Deutsche Bank. The Qatar Investment Authority is poised this week to invest up to $1bn as part of a $3.2bn capital raising by VTB, Russia’s second-biggest bank, according to people close to the transaction. The QIA, VTB and Deutsche Bank declined to comment.
Berlin plans to streamline EU
Berlin is drawing up plans for treaty changes to streamline decision-making in the Eurozone, while stopping short of any wholesale renegotiation allowing the UK to repatriate powers from Brussels.
Investors vote in Dimon referendum
Shareholder activists targeting JP Morgan Chase were talking down the prospects of winning a vote to install an independent chairman.
Partnership eases the pain for BMI
Carrying out hip and knee replacements for the National Health Service has helped Britain’s biggest commercial hospital operator BMI to return to the black.
Human rights warning over
Burma Leading human rights groups have warned Vodafone and other global telecoms companies about entering Burma, because of links to repression.
The Daily Telegraph
EU in trade war with Huawei probe
The European Commission is poised to launch an anti-dumping probe against Chinese mobile companies Huawei and ZTE, opening a second front in its escalating trade clash with China. The EU’s trade police in Brussels secured support from all 27 commissioners for action last week, and last-ditch efforts to reach a solution appear to have failed. “The clock is ticking,” said an official.
THE WALL STREET JOURNAL
United puts Dreamliner back
United Continental Holdings has completed its first flight of a Boeing 787 Dreamliner with paying passengers since the planes were grounded in January.
Utility exec departs Southern
Southern replaced the head of its Mississippi utility amid growing concern about costs for a “clean coal” power plant.