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LONDON (Reuters) - Barclays has promoted 85 executives in the international division that houses its investment bank to the rank of managing director, the British lender said on Friday. The promotions represent an increase from the 74 elevated last year and 60 in 2016. However, a spokesman for the bank said the net increase in managing directors could be smaller than those figures implied as some executives have also left. The promotions come as Barclays’ investment bank is under scrutiny by investors, amid pressure by activist investor Edward Bramson who sees paring back the trading business as the way to generate better returns for Barclays overall.

Barclays Chief Executive Jes Staley has repeatedly rebuffed that notion, saying the investment bank is an important part of Barclays’ strategy that provides a counterbalance as trading revenues rise in turbulent times that hurt other parts of the business, The managing director role is one of the most prestigious in investment banking, Below the chief executive level, most global investment banks saint christopher cufflinks are run by just a few hundred ‘MDs’, from whose ranks the next leader of the bank is typically chosen..

A typical salary for a managing director at Barclays is about 300,000 pounds ($377,520) according to recruitment website Glassdoor. Of the newly promoted managing directors, 27 percent are women, a spokesman said, up from 23 percent last year and 18 percent in 2016. Barclays said in February it had a mean gender pay gap in its international division of 48 percent, among the highest differentials in financial firms globally. It means the average hourly wage for a woman was just under half that of a man, with the difference generally caused by fewer women attaining senior ranks such as managing director rather than by women being paid less than men of the same rank.

FRANKFURT (Reuters) - Industrials conglomerate Thyssenkrupp (TKAG.DE) on Friday appointed Peter Walker as the new chief executive of its prized elevators unit, the group said, saint christopher cufflinks Walker joined the unit’s management board on Feb, 1 as chief operating officer and succeeds Andreas Schierenbeck as CEO, who left the group on Nov, 30 after the business fell further behind peers, most notably Finland’s Kone (KNEBV.HE), Reuters told sources last month that Walker, a company veteran that joined the firm in 1995, was likely to succeed Schierenbeck..

PARIS (Reuters) - Airbus (AIR.PA) on Friday named services boss Philippe Mhun as its next head of programs, succeeding defense and commercial aerospace veteran Didier Evrard, who is scheduled to retire. The move completes a tandem of top-level industrial changes at Europe’s largest aerospace group after Airbus last month hired Bosch appliances executive Michael Schoellhorn to replace soon-to-retire Chief Operating Officer Tom Williams. Mhun, 56, is currently senior vice-president of services at Airbus - a fiercely competitive marketplace in which both Airbus and Boeing are targeting increases in revenue as they place after-market activities at the center of future developments.

He began his career in engineering at the now defunct French airline UTA and followed it into Air France when UTA saint christopher cufflinks was absorbed into the French national carrier in the early 1990s, In July, Mhun confirmed plans for Airbus to triple revenue from commercial aircraft services - such as spare parts and predictive maintenance data - to $10 billion in the next decade, Boeing has said its possible next development, a mid-market jet carrying 220-260 passengers, will allow it to speed up the introduction of digital design methods so that future services revenues are factored in from the earliest planning stage..

Sources said Mhun’s appointment will bring a customer perspective and an after-market emphasis to Airbus, which is also investing in digital tools to draw more business from the full life cycle of a jet, from design to retirement. “It means that services will be driven deeply into programs,” a person familiar with the company said. Evrard is credited with the execution of two of Europe’s most ambitious aerospace projects, the Storm Shadow/SCALP cruise missile and A350 jetliner, with relatively few delays compared to past programs such as the A380 superjumbo.

BENGALURU (Reuters) - The risk of a U.S, recession in the next two years has risen to 40 percent, according to a Reuters poll of economists who also found a significant shift saint christopher cufflinks in expectations toward fewer Federal Reserve interest rate rises next year, What has fueled concerns of a downturn is the flattening of the U.S, yield curve - with the spread between two- and 10-year note yields falling to less than 10 basis points, the smallest gap since the run-up to the last U.S, recession, A flattening yield curve suggests investors believe economic growth and inflation will slow, A yield curve inversion has preceded almost all recessions over the last half-century..

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