By Jan Strupczewski BRUSSELS (Reuters) – Euro zone finance ministers will start a discussion on Monday on how to change the often-broken EU fiscal rules so that governments actually observe them, a euro zone official said. The European Union’s Stability and Growth Pact is meant to stop governments borrowing too much in order to safeguard…

By Kevin Yao and Gabriel Crossley BEIJING (Reuters) -China’s economy rebounded in 2021 with its best growth in a decade helped by robust exports but there are signs momentum is slowing on weakening consumption and a property downturn, pointing to the need for more policy support. Growth in the fourth quarter hit a one-and-a-half-year low,…

By Elizabeth Howcroft LONDON (Reuters) – European shares were slightly higher in early trading on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week. Stock market moves in Asian trading were small and economic data from China was mixed: industrial output picking…

(Reuters) -Unilever signalled on Monday it would pursue a deal for GlaxoSmithKline’s consumer health business, calling it a “strong strategic fit” after its 50-billion-pound ($68.4 billion) offer was rejected, sending its shares down 6%. GSK confirmed over the weekend that it had rejected the Dove soap maker’s bid for its consumer healthcare business, which is…

PARIS (Reuters) -French carmaker Renault said its worldwide group sales had fallen for the third year in a row in 2021, due notably to problems over chips supplies. Renault said sales of passenger cars and light vehicles fell 4.5% to 2,696,401 units last year. Sales of the Renault brand were down 5.3% although sales of…

By Anshuman Daga SINGAPORE (Reuters) – Credit Suisse Chairman Antonio Horta-Osorio has quit following an internal probe into his personal conduct, including breaches of COVID-19 rules, raising questions over the embattled lender’s new strategy as it tries to recover from a string of scandals. His exit comes less than a year after he was hired…

(Reuters) – Credit Suisse Chairman Antonio Horta-Osorio has resigned https://www.reuters.com/business/finance/credit-suisse-group-appoints-axel-lehmann-new-chairman-2022-01-16 after flouting COVID-19 quarantine rules, the bank said on Monday, raising questions over the embattled lender’s new strategy as it tries to recover from a string of scandals. The abrupt move comes less than a year after Horta-Osorio was brought in to clean up the…

By Tetsushi Kajimoto TOKYO (Reuters) – Japan will issue government bonds (JGBs) worth 215 trillion yen ($1.89 trillion) in the next fiscal year in a stable manner through dialogue with markets, its finance minister said on Monday, after stimulus to offset the impact of COVID-19 saw bonds worth 224 trillion yen issued this year. With…

By Kevin Yao and Gabriel Crossley BEIJING (Reuters) -China’s economy rebounded in 2021 from its pandemic-induced slump helped by robust exports but weak consumption at the year-end and a property slowdown point to cooling momentum and the need for more policy support. The central bank on Monday cut loan rates to cushion the world’s second-largest…

By Anshuman Daga SINGAPORE (Reuters) – Credit Suisse Chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules, the bank said on Monday, raising questions over the embattled lender’s new strategy as it tries to recover from a string of scandals. The abrupt move comes less than a year after Horta-Osorio was brought in to…