Europe money market funds look to Asia
Eurozone fears, rating downgrades and a fall in demand from banks for short-term funding leads groups to broaden hunt for investments FT.com – European companies…
Kulczyk and Qatar back $700m mine project
Poland’s richest man and sovereign wealth fund each contribute $ 250m to company investing in mineral exploration and extraction in Africa and South America FT.com – European companies…
Latin America a gold mine for Europeans
Ravaged by the eurozone recession, companies are increasingly using Latin American operations to repair troubled balance sheets at home FT.com – European companies…
Richemont – au revoir, Johann
Investors in the luxury goods group have reason to hope the chief executive is stepping down only to return, as he has twice before FT.com – European companies…
Vestas cuts a third of its workforce
Danish group, whose shares have fallen 93 per cent in past three years, tries to reduce costs as it posts weakest quarter for orders since 2006 FT.com – European companies…
Steep discount on Banco Popular rights issue
Spain’s sixth-biggest lender was one of the hardest hit by the collapse of a property bubble that left billions of euros in toxic real estate assets FT.com – European companies…
Europe’s fears over US energy gap
Widening gulf in costs is hindering the continent’s ability to compete with America, which is benefiting from cheap shale gas, German groups warn FT.com – European companies…
Iberia in fight for survival, chief says
International Airlines Group head Willie Walsh announces plans to lose 4,500 jobs at ailing Spanish unit and warns of more if union deal is not struck FT.com – European companies…
Crédit Agricole reports loss of €2.85bn
Bank’s worse than expected quarterly loss reflects the price paid for its Greece exit and exposure to other heavily indebted eurozone countries FT.com – European companies…
VTB and CIC secure option on UralKali
The deal highlights greater interest in China in Russia’s resource sector, and the move comes amid consolidation in the global fertiliser industry FT.com – European companies…
