Business

Exclusive: ECB policymakers at odds on inflation strategy, hope for September deal – sources

FRANKFURT (Reuters) – European Central Bank (ECB) policymakers are still some way apart on their new inflation strategy but hope to reach an agreement before debating the future of their pandemic-fighting programme in September, sources told Reuters.FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph OrlowskiECB rate setters agreed […]

Business

Exclusive: KKR seeks $12 billion for flagship infrastructure fund – sources

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid(Reuters) – Buyout firm KKR & Co Inc is seeking to raise $12 billion for its flagship global fund that will invest in infrastructure […]

Business

Exclusive: Regulators press Deutsche Bank CEO to drop investment bank role – sources

FRANKFURT (Reuters) – Regulators are pressing Deutsche Bank CEO Christian Sewing to relinquish day-to-day oversight of its sprawling investment bank, two people with knowledge of the matter said.FILE PHOTO: Christian Sewing, Chief Executive Officer of Deutsche Bank, attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2020. […]

Business

Exclusive: Boeing 737 MAX development marred by design, communications flaws – U.S. IG report

WASHINGTON/SEATTLE/CHICAGO (Reuters) – Boeing Co (BA.N) failed to submit certification documents to the U.S. Federal Aviation Administration (FAA) detailing changes to a key flight control system faulted in two fatal crashes, a long-awaited government report seen by Reuters has found. The flight control system, known as MCAS, was “not an area of emphasis” because Boeing […]