Reuters logo
PRESS DIGEST- Financial Times - Jan 27
January 27, 2015 / 12:52 AM / in 3 years

PRESS DIGEST- Financial Times - Jan 27

Jan 27 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


* BP to freeze global salaries


* Russia downgraded to ‘junk’ by S&P


* Sika board steps up fight against Saint-Gobain takeover


* European banks warns capital rules will blunt QE



* BP Plc is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.

* Ratings agency S&P cut Russia’s credit rating to junk status on Monday, bringing it below investment grade for the first time in a decade.

* The board of Sika, which is fighting a takeover by Saint Gobain, said on Monday that the Burkard family had forfeited the power to convene an extraordinary shareholder meeting to endorse its 2.75 billion swiss francs ($3.05 billion) deal with Gobain. The Burkard family are heirs to Sika founder Kaspar Winkler.

* European banks have warned that the effects of European Central Bank's quantitative easing will be blunted by tough capital rules which are meant to curb risks in secularisations. ( ($1 = 0.9007 Swiss francs) (Compiled by Shivam Srivastava in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below