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Exclusive: SocGen sees 2012 investment-bank revenue slump

French bank Societe Generale is forecasting a significant drop in 2012 investment-bank revenue compared with 2011, weighed by higher funding costs and efforts to slash its balance sheet, according to an internal memo obtained by Reuters on Monday.
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London Boat Show

London Boat Show diversifies into art and jewels

The grey-haired men stood admiring the line of luxury cars at London's ExCel centre while at a nearby stand a woman handed over money for a silver cigarette case -- not the usual things you would expect to buy at a boat show.
Angela Merkel

Merkel Tells Greece to Hasten Debt Deal

German Chancellor Angela Merkel warned Greece on Monday it would not be possible to give further aid without rapid progress on its second rescue package, including a voluntary write-down on Greek debt held by private creditors.
Khartoum Stock Exchange

Khartoum Stock Exchanges Launches Electronic Trading

The Khartoum stock exchange on Sunday launched a long-awaited computer trading system that will bring to an end an era of scribbling stock prices on white boards and also marks Sudan's efforts to attract more investment.
Traders work during the opening of the new electronic trading Khartoum Stock Exchange

Khartoum Bourse Launches Electronic Trade

The Khartoum stock exchange on Sunday launched a long-awaited computer trading system that will bring to an end an era of scribbling stock prices on white boards and also marks Sudan's efforts to attract more investment.
Former Olympus CEO Michael Woodford waves from a car window as he leaves at a news conference at the Japan National Press Club in Tokyo

Woodford to Sue Olympus, Drops Leadership Bid

The ousted British CEO of disgraced Olympus Corp, who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to lead the medical device maker, blaming cozy ties between its management and big Japanese shareholders and saying the saga had taken its toll on his family.
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Building New York: Visions for the Future at Javits, Aqueduct

New York Gov. Andrew Cuomo's new plan to sell the Jacob Javits Center and build the largest convention center in the country at the Aqueduct Racetrack in Queens is an urban upheaval on a scale that evokes the legacy of Robert Moses, the parks commissioner who shaped the city in wide swaths in the middle of the last century.
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Siri: Is it a Big Data Eater?

Siri, the voice-controlled intelligent assistant, has succeeded in endearing itself to Apple fans, prompting the iPhone 4S to become the best selling iPhone ever. However, even as the users enjoy interacting with their virtual assistant, Siri is being blamed for being a data hog.
Dutch Queen Beatrix officially opens the new parliamentary year with a speech outlining the caretaker government's plan and budget policies for 2011 in the 13th century "Hall of Knights" in The Hague September 21, 2010.

Credit Suisse Gets Dutch Mandate on Urenco: Sources

The Dutch government has appointed Credit Suisse to advise on a potential sale of its 33 percent stake in UK-based uranium enrichment company Urenco, people familiar with the situation told Reuters on Friday.
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Wall Street Dips but Rises for Week on Economy

Stocks were on track to post gains for the first week of 2012 on Friday as signs of a sustainable economic recovery overshadowed lingering concerns about the euro zone's debt crisis.
Bromley

TIAA-CREF Buys Manhattan Retail Condo for $44.73 Million

The Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA–CREF), the large pension fund manager and institutional investor, has purchased a retail condo in Manhattan's 225 West 83rd Street for $44.73 million, according to city records.

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