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Asia Bengaluru Editing Chief Investment Office Europe Money Top News 

Deutsche Bank’s wealth management arm to hire 100 client managers

June 12, 2017 (Reuters) – Deutsche Bank AG’s wealth management division said on Monday it plans to hire about 100 client managers worldwide this year, as part of its efforts to win more super-rich customers, particularly in the Asia-Pacific region. The bank said it would invest 65 million euros ($73 million) in digital technology to develop new features such as customized Chief Investment Office news and portfolio health checks. Deutsche Bank’s wealth management arm has seen soft growth and several staff departures over the last couple of years. In October,…

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Actelion Pharmaceutical Business Europe Friday Johnson Johnson Minerva Neurosciences 

Johnson & Johnson expects to complete Actelion purchase on June 16

June 9, 2017 ZURICH (Reuters) – Johnson & Johnson said the approval of its proposed acquisition of Swiss biotech firm Actelion by the European Commission on Friday meant all regulatory approvals required to complete the $30 billion deal had now been received. The U.S. company said it expected settlement of the all-cash public tender offer by its Swiss subsidiary, Janssen Holding, on June 16. EU antitrust regulators on Friday approved Johnson & Johnson’s planned purchase of Actelion subject to conditions intended to ensure clinical development of insomnia drugs were unaffected….

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Entertainment Europe Paris security suicide Top News 

Tight security in Paris as Ariana Grande resumes Europe tour

June 7, 2017 (Reuters) – French fans of Ariana Grande flooded to a Paris concert hall on Wednesday as the U.S. pop star resumed her European tour following a suicide bombing at the end of her show in the English city of Manchester that killed 22 people. There was a heavy police presence outside Paris’ AccorHotels Arena, with roads surrounding the venue blocked off to traffic hours before the event started. Security staff searched all bags and police with sniffer dogs patrolled the venue. Paris police said security measures were…

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Fresh safety concerns hang over global airlines conference

June 5, 2017 By Tim Hepher and Victoria Bryan CANCUN, Mexico (Reuters) – A deadly attack in London and debate over travel restrictions in the United States put safety concerns high on the agenda as global airline executives gathered on Sunday for the industry’s largest meeting of the year. Alexandre de Juniac, director general of the International Air Transport Association (IATA), said the weekend’s violence in London could discourage potential visitors as similar attacks did in Europe last year. “In previous events, in Brussels or in Paris, the traffic has…

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TransferWise offers foreign currency business accounts, debit cards

May 27, 2017 By Anna Irrera NEW YORK (Reuters) – London-based startup TransferWise has launched a new service in the UK and Europe that will make it easier for small businesses to keep money and get paid in more than 15 currencies, as the company branches beyond its core money transfer business. Similar to having a bank account in multiple countries, the new service will allow small businesses to activate unique account and routing numbers for the United States, UK and the rest of Europe and get paid as if…

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Rolling Stones guitarist Ronnie Wood has surgery for lung lesion

May 24, 2017 (Reuters) – Rolling Stones guitarist Ronnie Wood has undergone surgery for a small lesion on his lung, but is feeling fine, his representative said on Wednesday. Wood, 69, will need no additional treatment and the upcoming Rolling Stones tour of Europe will not be affected, the representative said in a statement in London. “I’m so grateful for modern screening which picked this up so early, and would like to thank all the doctors who treated me,” Wood said. The statement said the lesion was found during a…

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Portugal wins Eurovision Song Contest for the first time

May 14, 2017 By Matthias Williams and Margaryta Chornokondratenko KIEV (Reuters) – Portugal’s Salvador Sobral won the Eurovision Song Contest on Saturday performing a jazz-style ballad written by his sister, taking the top spot for the first time in the country’s history and celebrating with a call to “put emotion back into music”. Along with singers from Italy and Bulgaria, Sobral was a favorite going into the final of the annual song fest, which was hosted in the Ukrainian capital Kiev, and he led the voting throughout the evening. Portugal…

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European stock funds in U.S. attract near-record cash: Lipper

May 11, 2017 By Trevor Hunnicutt NEW YORK (Reuters) – Investors stampeded into U.S.-based stock funds that invest in Europe, plowing the second-largest amount on record into those products and the most in two years, Lipper data showed on Thursday. European stock funds in the United States collected $1.7 billion in the week ended Wednesday, the data showed, following the victory on Sunday of European centrist Emmanuel Macron over eurosceptic Marine Le Pen in the French presidential runoff. The cash flows into the Europe funds are the biggest since the…

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AccorHotels shareholders stick to double voting rights

May 5, 2017 By Dominique Vidalon PARIS (Reuters) – The shareholders of AccorHotels on Friday granted former French President Nicolas Sarkozy a seat on the board of Europe’s largest hotel group, and rejected a bid to block long-term shareholders from getting more double voting rights. Chairman and CEO Sebastien Bazin reiterated at the annual shareholders meeting that double voting rights were a good way to foster loyalty and stability among shareholders.. “We have a solid and extremely diversified shareholder basis,” he said. Europe’s largest hotel group has seen some big…

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ASML files patent countersuit against Japan’s Nikon

April 28, 2017 By Wout Vergauwen (Reuters) – ASML, the world’s third largest semiconductor equipment maker, said on Friday it had counter-sued rival Nikon, after the Japanese company launched a wide-ranging patent battle against the Dutch company this week. ASML’s lawsuits involve semiconductor manufacturing equipment, flat panel display manufacturing equipment and digital cameras. They were brought in Japan by ASML on its own and jointly with its partner Carl Zeiss [CZTOP.UL], a German maker of optical systems and medical devices, ASML said in a statement. ASML dominates the market for…

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