UPDATE 1-Skanska consortium preferred bidder for $3.6 bln LaGuardia project STOCKHOLM, May 29- Swedish builder Skanska said on Friday its LaGuardia Gateway Partners consortium had been selected as preferred bidder in a $3.6 billion project to build a new terminal at New York's LaGuardia Airport. Skanska said its share of the equity investment would be up to 40 percent, while its share of the construction contract is 70 percent.
Japanese consumers remain the weak link A slew of economic data from Japan painted a widely divergent picture, with industrial production and inflation beating expectations, even as a better jobs picture failed to convince consumers to open their wallets.
| By: Leslie Shaffer
Is China easing losing its mojo? China is pulling out all the usual easing props to counter its slowing economy, but the old hats don't appear to be working as well as they used to.
| By: Leslie Shaffer
Industrial hub Ulsan a warning for cooling South Korea ULSAN, South Korea, May 29- The port of Ulsan was the cradle of South Korea's breakneck industrialisation. Now, the main production site for big manufacturers such as Hyundai Motor and oil refiner SK Innovation risks becoming the country's rust belt. The world's largest shipbuilder, Hyundai Heavy Industries Co, suffered an operating loss last year of about $3...
| By: Choonsik Yoo
Goldman Sachs tried to lure Libor trader with $3 mln bonus, court hears LONDON, May 28- Tom Hayes, a former trader charged with conspiring to rig benchmark interest rates, had become such a powerful player in 2008 that Goldman Sachs tried to hire him with a $3 million signing-on bonus, a London court was told on Thursday. Mukul Chawla, prosecuting for Britain's Serious Fraud Office, alleged that Hayes, who joined UBS in Tokyo in 2006, was...
| By: Kirstin Ridley
Goldman's Buddy Donohue to return to U.S. SEC as chief of staff WASHINGTON, May 28- Andrew J. "Buddy" Donohue has agreed to return to the U.S. Securities and Exchange Commission to serve as the chief of staff for SEC Chair Mary Jo White, the agency said on Thursday. Donohue, currently a managing director at Goldman Sachs Group Inc, is a very familiar face both within the SEC and in the investment management industry.
| By: Sarah N. Lynch
UPDATE 1-Britain's FTSE outperforms despite growth, trade worries LONDON, May 28- Britain's top share index outperformed pan-European equities on Thursday despite disappointment over first-quarter UK growth data, thanks to some positive trading updates and an improving corporate earnings outlook. But some investors said UK equities were looking more attractive relative to the euro zone, having underperformed around...
| By: Liisa Tuhkanen and Atul Prakash