UPDATE 1-Deutsche Bank to freeze executive bonuses - source FRANKFURT, July 31- Deutsche Bank is freezing 2015 cash bonuses for its executive board as it examines whether some managers could have done a better job at avoiding problems that led to expensive litigation, a person familiar with the matter said. The bonus freeze hits all members of the management board except Deutsche Bank's new Chief Executive John Cryan,...
| By: Kathrin Jones
FOREX-Dollar firm on Fed expectations ahead of U.S. GDP report TOKYO, July 30- The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent expectations that the Federal Reserve is on track to raise interest rates as early as September. The GDP report "may boost the appeal of the greenback and spark a further decline in EUR/USD as signs of a stronger recovery fuels...
| By: Lisa Twaronite
UPDATE 1-Austria's top court overturns 2014 Hypo debt haircut law VIENNA, July 28- Austria's highest court on Tuesday overturned a law that wiped out some junior debtholders in defunct lender Hypo Alpe Adria, raising chances they could get part of their money back. Passed last year, the law effectively cancelled 890 million euros of subordinated debt guaranteed by Hypo's home province of Carinthia, a move that drew howls of...
Roller coaster crash set to cost owner $73M Popular UK attractions operator, Merlin Entertainments, has issued a profit warning ahead of its interim results, following a rollercoaster incident.
| By: Alexandra Gibbs
Alstom to take 300 mln eur hit to help GE sale through PARIS, July 27- Alstom is to accept a 300 million euro reduction in the price it will get for selling its power turbines unit to General Electric as a contribution to the U.S. firm's efforts to get antitrust clearance in Europe. "In order to support General Electric in its offering of a comprehensive set of remedies addressing the concern of the Commission, Alstom's...
Europe stocks close 2% down after China rout European stock closed lower on Monday, after a sharp selloff in Asian shares highlighted concerns about Chinese market volatility and slowing growth.
| By: Jenny Cosgrave
UPDATE 1-Deutsche Boerse buys forex trading platform 360T for 725 mln eur FRANKFURT, July 26- Deutsche Boerse is buying German-based foreign exchange trading platform 360 T for 725 million euros, the Frankfurt- based stock market operator said on Sunday. 360 T is one of a handful of multi-bank, multi-user platforms which have revolutionized foreign exchange trading over the past decade and Deutsche Boerse beat U.S. commodities and...