Business

Tax avoidance must be targeted in EU equality push: Eurogroup head

Tax avoidance must be targeted in EU equality push: Eurogroup head

Published 06/09/2016

Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem gestures during a European Union finance ministers meeting in Brussels, Belgium, July 12, 2016. REUTERS/Francois Lenoir

Fighting tax avoidance should be a cornerstone of a push by EU authorities for greater equality as they seek a response to a rise in populism across the continent, the head of euro zone finance ministers said on Tuesday.

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EU finds Volkswagen broke consumer laws in 20 countries: Die Welt

EU finds Volkswagen broke consumer laws in 20 countries: Die Welt

Published 05/09/2016

A Volkswagen logo adorns a sign outside a dealership for the German automaker located in the Sydney suburb of Artarmon, Australia, October 3, 2015. REUTERS/David Gray/File Photo

The European Commission has found that Volkswagen (VOWG_p.DE) broke consumer laws in 20 European Union countries by cheating on emissions tests, German daily Die Welt reported, citing Commission sources.

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Asia shares rally as U.S. job report seen dimming chance of Sept hike

Asia shares rally as U.S. job report seen dimming chance of Sept hike

Published 05/09/2016

A man (R) cleans electronic boards showing Japan's Nikkei average, the exchange rate between the Japanese yen against the U.S. dollar and stock quotation outside a brokerage in Tokyo, Japan, in this April 6, 2016 file photo. REUTERS/Issei Kato/Files

Asian shares rose on Monday after a weaker-than-expected U.S. jobs report prompted investors to trim expectations that the Federal Reserve would hike interest rates as early as this month.

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Dollar firm after U.S. payrolls do little to change Fed expectations

Dollar firm after U.S. payrolls do little to change Fed expectations

Published 05/09/2016

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo

The U.S. dollar held firm in early Asian trade on Monday after disappointing U.S. jobs growth figures for August did little to change investors' perception that the Federal Reserve is likely to raise interest rates in coming months.

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BOJ’s Kuroda says room for more easing, including new ideas

BOJ’s Kuroda says room for more easing, including new ideas

Published 05/09/2016

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, July 29, 2016. REUTERS/Kim Kyung-Hoon

Bank of Japan Governor Haruhiko Kuroda signaled his readiness to ease monetary policy further using existing or new tools, shrugging off growing market concerns that the bank is reaching its limits after an already massive stimulus program.

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Macau approves 150 tables for new Sands casino resort

Macau approves 150 tables for new Sands casino resort

Published 05/09/2016

The logo of Sands is seen on a gaming table inside a casino on the opening day of the Sheraton Macao hotel at Sands Cotai Central in Macau in this September 20, 2012 file photo. REUTERS/Tyrone Siu/File Photo

Macau casino operator Sands China Ltd (1928.HK) said on Monday the government has granted 150 gaming tables for its $3 billion casino resort, a figure analysts said will be sufficient to support its revenues in the world's biggest casino hub.

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Hanjin Shipping filed for U.S. bankruptcy protection: WSJ

Hanjin Shipping filed for U.S. bankruptcy protection: WSJ

Published 05/09/2016

A crane carries a container from a ship of Hanjin Shipping at Hanjin container terminal at the Busan New Port in Busan, about 420 km (261 miles) southeast of Seoul in this August 8, 2013 file photo. REUTERS/Lee Jae-Won/File Photo

Troubled container shipper Hanjin Shipping Co Ltd (117930.KS) has filed for bankruptcy in the United States to protect its vessels from being seized by creditors, the Wall Street Journal reported, citing a filing by the South Korean firm.

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Hanjin Shipping shares dive 30 percent in resumed trade

Hanjin Shipping shares dive 30 percent in resumed trade

Published 05/09/2016

The logo of Hanjin Shipping Co is seen on a replica of shipping containers at its headquarters in Seoul, South Korea, August 31, 2016. REUTERS/Kim Hong-Ji

Shares in Hanjin Shipping (117930.KS) slumped by the daily limit of 30 percent in resumed trade on Monday as the South Korean shipping firm struggles to contain the fallout of its collapse.

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EU will not release more bailout money for Greece this month: paper

EU will not release more bailout money for Greece this month: paper

Published 04/09/2016

A Greek flag flutters in the wind as tourists visit the archaeological site of the Acropolis hill in Athens, Greece July 26, 2015. REUTERS/Ronen Zvulun/File Photo

The euro zone will not release additional bailout money for Greece at a meeting in Bratislava this month, Germany's Handelsblatt Global reported on Sunday, citing European Union diplomats.

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Japan warns Brexit may drive banks, pharma investment to EU

Japan warns Brexit may drive banks, pharma investment to EU

Published 04/09/2016

A British flag and an EU flag are seen in front of a monitor displaying a graph of the Japanese yen's exchange rate against the U.S. dollar at a foreign exchange trading company in Tokyo, Japan, June 27, 2016. REUTERS/Toru Hanai

Japan has warned Britain that its exit from the European Union could prompt Japanese financial institutions to relocate from London and listed a raft of concerns from Japanese companies about the transition away of the EU.

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