Bookmark?Remove?
Awaiting better days, multinationals keep Venezuela units alive – barely
Venezuelan auto worker Celso Nunez spends his days moonlighting as a mover and trading salvaged building materials in his worn-out red pick-up. More »
Category
Business News
3110 posts
Bookmark?Remove?
Bankrupt U.S. retailers begin to catch a break
An unexpected helping hand from creditors, landlords and vendors is allowing more U.S. retailers to stay in business following bankruptcy with most of their stores and employees in the fold. More »
Bookmark?Remove?
Asian currencies to stay steady, Fed tightening seen curbing gains: Reuters poll
Asian currencies, on an upswing since the start of the year, are unlikely to trade higher than they are now in a year, held back as the U.S. Federal Reserve presses on with further interest rate rises, a Reuters poll found. More »
Bookmark?Remove?
Asia up on economic optimism before U.S. jobs report, dollar buoyant
Asian stocks rose on Friday and the dollar hit a seven-week peak, riding on economic optimism ahead of a U.S. job report later in the day. More »
Bookmark?Remove?
Hurricanes Harvey, Irma expected to dim U.S. jobs growth in short term
U.S. job growth probably slowed further in September as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring, the latest indication that the storms undercut economic activity in the third quarter. More »
Bookmark?Remove?
Dollar scales seven-week highs before U.S. jobs data- sterling slips
The dollar hit seven-week highs versus a basket of currencies on Friday, supported by hopes for progress on U.S. tax reforms, while sterling was under the gun on worries over a possible leadership battle in the British government. More »
Bookmark?Remove?
Oil markets wary as another tropical storm heads for Gulf of Mexico
Oil markets were cautious on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday. More »
Bookmark?Remove?
Japan ministry says unauthorized staff certified cars at five Nissan plants
Japanese Transport Minister Keiichi Ishii said on Friday that unauthorized technicians had been found certifying vehicles at five Nissan Motor Co (7201.T) plants that the ministry has been inspecting. More »
Japan, U.S. to hold second round of economic dialogue on October 16
Japanese Finance Minister Taro Aso said on Friday he would meet U.S. Vice President Mike Pence in Washington D.C. on Oct. 16 for the second round of an economic dialogue between the two countries. More »
Bookmark?Remove?
Mexico warns U.S. against `protectionist war,` peso weakens
Mexican officials warned on Thursday that U.S. proposals in ongoing NAFTA negotiations would result in protectionism and higher prices rather than free trade, as concerns about the future of the deal helped drag the peso to four-month lows. More »
Bookmark?Remove?
Alibaba denies Tsai in deal talks with NBA`s Brooklyn Nets
Chinese internet conglomerate Alibaba Group Holding Ltd (BABA.N) denied on Thursday that its vice chairman, Joseph Tsai, is in advanced talks to buy a stake in the Brooklyn Nets of the National Basketball Association. More »
Bookmark?Remove?
CalSTRS says it supports Nelson Peltz nomination to P&G board
The California State Teachers' Retirement System (CalSTRS) said on Thursday it would support the nomination of Nelson Peltz, chief executive of Trian Fund Management, to the board of directors at Procter & Gamble Co (PG.N). More »
Bookmark?Remove?
Shrinking margins cloud Costco`s profit beat, shares fall
Costco Wholesale Corp's (COST.O) quarterly profit scraped past estimates, helped by a hike in membership fees, but a fall in gross margins fueled concerns of an intensifying grocer price war, sending shares down 3.6 percent in after-market trading. More »
Bookmark?Remove?
Disney, Altice finalize new programming agreement
Walt Disney Co and cable operator Altice USA have finalized a new multiyear programming agreement that keeps ESPN and other networks in millions of New York-area households, the companies said on Thursday. More »
Bookmark?Remove?
S&P 500 sets sixth record high close on tax overhaul optimism
The S&P 500 posted its sixth straight record high close on Thursday, its longest run since 1997, as investors cheered increased prospects for a tax overhaul with Congress moving closer to agreement on a budget resolution. More »
Bookmark?Remove?
As Ford pushes into electric vehicles, U.S. union aims to save jobs
The United Auto Workers is talking with Ford Motor Co (F.N) about ways to avoid layoffs as the No. 2 U.S. automaker builds more electric vehicles, a senior union official told Reuters on Thursday. More »
Bookmark?Remove?
Senator McCaskill drafts bill in response to Allergan patent maneuver
Democratic U.S. Senator Claire McCaskill on Thursday said she drafted a bill stating that tribal sovereign immunity cannot be used to block U.S. Patent and Trademark Office review of a patent. More »
Bookmark?Remove?
EU takes Ireland to court for not claiming Apple tax windfall
The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc (AAPL.O), a move labeled as "regrettable" by Dublin. More »
Bookmark?Remove?
Netflix ups U.S. fees for first time since 2015
Netflix Inc's U.S. business announced the first rises in monthly fees in two years on Thursday, hiking costs for two of its three main subscription plans as it spends heavily on its own original content. More »
Bookmark?Remove?
Bookmark?Remove?
ECB tells banks to set aside more cash on bad loans
The European Central Bank will ask euro zone banks from next year to set aside more cash to cover newly classified bad loans and may also present additional measures to tackle the sector's huge stock of bad debt, it said on Wednesday. More »
Bookmark?Remove?
Former Equifax chief will face questions from U.S. Congress over hack
U.S. lawmakers are due to question the former head of Equifax Inc (EFX.N) at a Tuesday hearing that could shed light on how hackers accessed the personal data of more than 140 million consumers. More »
Bookmark?Remove?
Toshiba buying back 10 percent stake in Westinghouse unit for $522 million
Japan's Toshiba Corp (6502.T) said on Thursday it is buying back a 10 percent stake in Westinghouse Electric Co from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt U.S. unit. More »
Bookmark?Remove?
Oil steadies after steep losses- speculators grow impatient
Oil steadied on Tuesday, as speculators took profits on some large positions that have built up in the last couple of weeks, but the prospect of gradually ebbing oversupply lent support. More »
Bookmark?Remove?
Nissan to recall all new cars sold in Japan in last 3 years
(This October 2 story has been refiled to corrects paragraph 15 to say dealers, not automakers, register vehicles with the government before delivery, not sale.) More »
Bookmark?Remove?
Uber boss to meet London transport chief in bid to keep license
Uber's new global boss Dara Khosrowshahi will meet London's transport regulator on Tuesday as the taxi hailing app fights to keep its license in one of its most important foreign markets. More »
Bookmark?Remove?
Split U.S. solar industry to debate tariffs at hearing
A fractured U.S. solar industry will present differing proposals on Tuesday to a government commission considering measures to prop up domestic solar panel makers, who say cheap imports have left them on the verge of collapse. More »
Bookmark?Remove?
Monarch boss `absolutely devastated` after airline`s sudden collapse
The boss of Monarch Airlines said he was "absolutely devastated" by the failure of Britain's fifth largest carrier which wrecked the holiday plans of hundreds of thousands of tourists and left most of its staff out of work. More »
Bookmark?Remove?
Whole Foods price cuts hit hardest at Trader Joe`s, Sprouts: report
Whole Foods rivals Trader Joe's and Sprouts Farmers Market Inc have been hit hardest by customer defections since Amazon.com Inc's price cuts at the premium grocer, Whole Foods price cuts, a data analytics firm said on Tuesday. More »
Bookmark?Remove?
Monarch Airlines goes bust, spoiling holiday plans for many Britons
Britain's Monarch Airlines [MONA.UL] collapsed on Monday, causing the cancellation of hundreds of thousands of holidays, after falling victim to intense competition for flights and a weaker pound. More »
Bookmark?Remove?
Lessor BOC Aviation looks for new homes for 13 aircraft after Monarch collapse
Asia's second-biggest aircraft lessor, BOC Aviation Ltd (2588.HK), said on Tuesday it was working to find new homes for 13 Boeing Co (BA.N) 737 MAX 8 aircraft it had planned to lease to collapsed British carrier Monarch Airlines. More »
Bookmark?Remove?
Technology could help UBS cut workforce by 30 percent: CEO in magazine
Swiss bank UBS (UBSG.S) could shed almost 30,000 workers in the years ahead due to technological advances in the banking industry, Chief Executive Sergio Ermotti said in a magazine interview. More »
Bookmark?Remove?
European shares stay near highs as Spanish sell-off eases
European shares hovered around three-month highs on Tuesday as a sell-off in Spanish stocks eased and financials gained following another record-breaking session on Wall Street. More »
Bookmark?Remove?
Global shares score latest record high, dollar flexes muscle
World shares hit their latest in a run of record highs on Tuesday, while the dollar was at it loftiest in 1-1/2 months as encouraging U.S. data lifted it in tandem with global bond yields. More »
Bookmark?Remove?
Benefits of sales tax hike in Japan outweigh negatives: Moody`s
The benefits of raising Japan's sales tax again outweigh the negatives, even if Prime Minister Shinzo Abe diverts some of the additional revenue to education and welfare, an official at ratings agency Moody's Investors Service said on Tuesday. More »
Bookmark?Remove?
Bank Hapoalim says U.S. tax settlement may be higher than thought
Israel's Bank Hapoalim said on Tuesday the amount it may have to pay in a future settlement with U.S. authorities in a tax evasion probe could be "significantly higher" than previously thought and the provision for it may have to be raised. More »
Bookmark?Remove?
Uber board set for contentious meeting over ex-CEO`s power
The board of Uber Technologies Inc [UBER.UL], including two new appointees of former Chief Executive Travis Kalanick, will meet on Tuesday to consider proposals that diminish the co-founder's influence, strip early investors of supervoting power and secure a m... More »
Bookmark?Remove?
Fed`s Yellen says AIG`s threat to stability is reduced after downsizing
American International Group Inc (AIG.N) poses less of a threat to financial stability because it shrank its assets by more than $500 billion, Federal Reserve Chair Janet Yellen said on Monday in explaining why she voted in favor of releasing the company from ... More »
Bookmark?Remove?
BOJ tankan corporate inflation expectations flagging
Japanese companies' inflation expectations eased slightly in September from three months ago in a worrying sign the economy continues to struggle with a deflationary mindset. More »
Bookmark?Remove?
Japanese companies struggle to hire, retain staff as labor shortage worsens
Companies in Japan's service industries are struggling to hire and retain staff as the labor market becomes the tightest in decades, and are increasingly taking unorthodox steps to alleviate the shortage. More »
Bookmark?Remove?
Equifax failed to patch security vulnerability in March: former CEO
Equifax Inc (EFX.N) was alerted in March to the software security vulnerability that led to hackers obtaining personal information of more than 140 million Americans but took months to patch it, its former CEO said in testimony to be delivered to Congress on T... More »
Bookmark?Remove?
Exclusive: South Africa`s central bank tells lenders KPMG `too big to fail`
South Africa's central bank has told top lenders they cannot fire auditor KPMG [KPMG.UL], entangled in a scandal involving friends of President Jacob Zuma, because it might undermine financial stability, two sources with knowledge of the matter said. More »
Bookmark?Remove?
Tesla`s big battery races to keep South Australia`s lights on
One year after the state of South Australia suffered a major blackout, the clock has started ticking for Tesla Inc to finish building the world's biggest battery to help keep the lights on in Australia's most wind-dependent state. More »
Bookmark?Remove?
U.S. shale hinders hopes for oil market rebalancing: Reuters poll
Oil prices are unlikely to rise much beyond this month's two-year highs this year, as concern among analysts persists that growing U.S. shale output will hamper the rebalancing between global crude supply and demand, a Reuters poll showed. More »
Bookmark?Remove?
Bullish oil streak propels Brent to strongest third-quarter in 13 years
Oil edged higher on Friday as tensions around Iraqi Kurdistan threatened the region's crude supplies, helping Brent prices to their strongest third-quarter performance since 2004. More »
Bookmark?Remove?
VW takes new $3 billion hit over diesel emissions scandal
Volkswagen (VOWG_p.DE) added provisions of around 2.5 billion euros ($3 billion) on Friday to the mounting total from its diesel emissions scandal, which has already cost the company around 20 billion euros. More »
Bookmark?Remove?
China says consumer loans can`t be used to `fuel property bubble`, launches probes
China has launched probes into consumer loans that are being misused for home purchases, warning they cannot be used to "fuel property bubbles", a senior banking official said on Friday. More »
Bookmark?Remove?
Copenhagen joins battle to lure financial firms from London after Brexit
Denmark's business minister was meeting financial technology firms in London on Friday as part of a two-day drive to lure them from Britain after Brexit. More »
Bookmark?Remove?
EU watchdog proposes lighter rules for banks` smaller investment firms
Small investment firms belonging to big banks in the European Union should not have to comply with the full panoply of rules designed for their parents, the bloc's banking watchdog recommended on Friday. More »
Bookmark?Remove?
China`s C919 jet could do third test flight `within days`: executive
China's domestically-developed C919 passenger jet is likely to take its third test flight within days or up to two weeks, a senior Commercial Aircraft Corp of China Ltd (COMAC) [CMAFC.UL] executive told reporters on Friday. More »
Bookmark?Remove?
Chinese creditors find even state-backed credit protection has its limits
Since the collapse more than two years ago of China's second-biggest loan guarantor, the state-backed Hebei Financing Investment Guarantee Group, creditors including powerful financial institutions have been trying to get billions of dollars of their money bac... More »
Bookmark?Remove?
Euro zone inflation miss supports case for ECB caution
Euro zone inflation undershot expectations in September, Eurostat data showed on Friday, highlighting that price growth remained week and supporting the European Central Bank's case for only gradual removal of stimulus. More »
Bookmark?Remove?
Jobless drop, retail sales fall paint mixed picture of German economy
Germany's jobless rate fell to a new record low in September and the number of unemployed people fell far more than expected but retail sales disappointed, sending mixed signals about the state of Europe's largest economy. More »
Bookmark?Remove?
China sets 2019 deadline for automakers to meet green-car sales targets
China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles, slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried about being able to comply. More »
Bookmark?Remove?
China`s bitcoin market alive and well as traders defy crackdown
Weeks after Beijing banned fundraising through token launches and ordered some bitcoin exchanges to shut, casting a chill over the cryptocurrency industry, traders say that the market is far from dead. More »
Bookmark?Remove?
New Uber CEO to meet London transport boss over license battle
Dara Khosrowshahi, the new chief executive of Uber Technologies [UBER.UL], will meet the head of the London Transport system next Tuesday as the Silicon Valley giant steps up the fight to regain its license in the British capital. More »
Bookmark?Remove?
Trumpflation strikes back: dollar set for best week of the year
The dollar was set for its biggest weekly rise in 2017 and stocks rose across the world after U.S. President Donald Trump proposed the biggest tax overhaul in three decades in the United States. More »
Bookmark?Remove?
Murdoch opponent challenges UK regulator over Sky deal
Activist group Avaaz stepped up its battle to stop Rupert Murdoch buying Sky (SKYB.L), launching a legal challenge to the regulator's view that the pay-TV group would still be a "fit and proper" owner of a broadcasting license if the deal goes ahead. More »
Bookmark?Remove?
European stocks on track for best month this year- Volkswagen tumbles
European stocks, propelled by a weaker euro, were heading for their best monthly gains this year on Friday, but Volkswagen shares sank on further provisions for its diesel scandal settlements. More »
Bookmark?Remove?
Addison Lee seeks more London drivers after Uber license loss
Premium car service Addison Lee plans to increase driver numbers in London by up to a quarter, it said on Friday, just as rival Uber [UBER.UL] is set to lose its license in Britain's capital. More »
Bookmark?Remove?
Playboy founder Hugh Hefner dies at age 91
Playboy founder Hugh Hefner, who helped usher in the 1960s sexual revolution with his groundbreaking men's magazine and built a business empire around his libertine lifestyle, died on Wednesday at the age of 91, Playboy Enterprises said. More »
Bookmark?Remove?
Factbox: Seven facts about Playboy magazine founder Hugh Hefner
Hugh Hefner's Playboy magazine and playboy lifestyle helped bring in the sexual revolution of the 1960s. Here are seven facts about him: More »
Bookmark?Remove?
Investors scoop up billions in bonds, most since July: ICI
Investors throttled up their bond exposure in the latest week, adding the most cash to U.S.-based debt funds since July as momentum for U.S. stock funds stalled, Investment Company Institute (ICI) data showed on Wednesday. More »
Bookmark?Remove?
Uber says not clear what prompted London regulator to strip it of license
Uber said on Monday it was not clear what concerns London's transport regulator had for stripping it of its license as the taxi app battles to keep operating in one of the world's wealthiest cities. More »
Bookmark?Remove?
Outlook for wage growth in Britain cools: survey
Hopes for higher wage growth across Britain are receding, apart from in a few sectors of the labor market that suffer from acute skill shortages, according to a report published on Monday by recruitment company Hays. More »
Bookmark?Remove?
European stocks on backfoot as politics play spoilsport again
European shares edged down on Monday as investors took a cautious view of the upcoming coalition tussle in Germany following elections in which Chancellor Angela Merkel secured a fourth term but saw her party weakened by a surge in support for the far-right. More »
Bookmark?Remove?
BOJ`s Kuroda warns North Korea a key risk to global outlook
Bank of Japan Governor Haruhiko Kuroda warned that escalating tensions in North Korea were among risks to an otherwise brightening global economic outlook, stressing that the central bank was closely watching the impact on markets and Japan's economy. More »
Bookmark?Remove?
China state planner says growth of overall leverage ratio clearly slowing, stabilizing
The growth of China's overall leverage ratio has been clearly slowing and is now stabilizing, the country's state planner said on Monday. More »
Bookmark?Remove?
Commercial Bank of Qatar looks to Asian funding amid Arab boycott
Qatar's third-largest lender, Commercial Bank of Qatar (CBQ), is considering borrowing money on the Taiwanese bond market, its group chief executive told Reuters, as a crisis in the region makes it harder to raise funds. More »
Bookmark?Remove?
Credit Agricole to move European govt bonds trading to Paris this month
Credit Agricole is to move its European government bonds trading platform from London to Paris in September 2017, a spokeswoman for the bank told Reuters. More »
Bookmark?Remove?
OPEC`s pact compliance `acceptable`, some changes needed: Iran minister
OPEC's compliance with an agreement among oil producers to reduce output has been acceptable, Iran's oil minister said on Monday, adding that some changes were needed if participants seek to balance the market. More »
Bookmark?Remove?
Oil holds gains as producers say market rebalancing
Oil prices came under pressure from a strong dollar, but kept most of their gains from the previous session as major producers meeting in Vienna said the market was well on its way towards rebalancing. More »
Bookmark?Remove?
Australia to push through tougher rules for bank executives
Australia's prudential regulator should be given powers as soon as October to cap bank executives' salaries, delay their bonuses and drive them out of the industry if they were guilty of wrongdoing, Treasurer Scott Morrison said on Monday. More »
Bookmark?Remove?
ABB buys GE business for $2.6 billion in bet it can boost margins
Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion on a bet that it can improve lackluster margins at the unit over the next five years, the Swiss engineering company said on Monday. More »
Bookmark?Remove?
Euro, kiwi slip on political uncertainties, Asia shares fall
The euro slipped on Monday after German Chancellor Angela Merkel won a fourth term but faced a fractured parliament as support for the far-right surged, while Asian shares pulled back, weighed by concerns about China's economy. More »
Bookmark?Remove?
Walt Disney threatens to pull ESPN, ABC from Optimum
Walt Disney Co (DIS.N) has threatened to pull its programming from the fourth largest U.S. cable distributor, Altice USA, if the two parties cannot reach a deal before the end of the month, the cable company said on Sunday. More »
Bookmark?Remove?
EU seeks more protection for Uber-style jobs
The European Commission wants more social protection and rights for casual workers, such as those in the "gig economy", and others with non-standard contracts to try to tackle growing social inequality. More »
Bookmark?Remove?
A celebrity listing crashes Japanese exchange`s party
On Japan's newest exchange, fame can pay off. That may not be so great for investors though. More »
Bookmark?Remove?
Fidget spinners and squishies: some Toys `R` Us toymakers cut ties
This summer, toy supplier Product Launchers delivered 100,000 specially ordered DC Comics fidget spinners to Toys 'R' Us, unaware that the biggest U.S. toy store chain was in financial trouble. More »
Bookmark?Remove?
Lufthansa seen offering to pay 200 million euros for Air Berlin assets: source
A Lufthansa (LHAG.DE) bid price of 200 million euros ($239 million) to buy assets from insolvent Air Berlin (AB1.DE) plus 100 million euros to meet operating costs is roughly correct, a source familiar with the talks said on Sunday. More »
Bookmark?Remove?
A private solution for China’s zombie company problem? Unlikely
China's latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting possible spin-offs and asset sales to follow a key Communist Party Congress in October. More »
Bookmark?Remove?
Uber ready to make concessions to reverse London license decision: paper
U.S. taxi firm Uber is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its license in the city, which represents a potentially big blow for the fast-growing company, a newspaper reported. More »
Bookmark?Remove?
Uber, reviving old tactic, is backed by more than 500,000 in London row
Half a million people have signed an online petition in under 24 hours backing Uber's bid to stay on the roads of London, showing the company is turning to its tried-and-tested tactic of asking customers for help when it locks horns with regulators. More »
Bookmark?Remove?
Britain`s minister for London slams `blanket ban` on Uber
A British government minister has criticized the London authorities for deciding to strip Uber of its taxi licence, a major setback to the U.S. technology firm that has become a big player in the city's transport system. More »
Bookmark?Remove?
Wells Fargo hires new law firm to prepare CEO for Senate appearance
Wells Fargo & Co. (WFC.N) has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the U.S. Congress next month to answer questions about a year-long sales practices scandal, according to four sources w... More »
Bookmark?Remove?
Native American tribe moves to dismiss Allergan patent case
A Native American tribe holding patents for drugmaker Allergan Plc (AGN.N) on Friday moved to dismiss a case brought by generic drug company Mylan NV (MYL.O) challenging the patents. More »
Bookmark?Remove?
Wells Fargo CEO to testify before Senate as questions linger over scandal
Wells Fargo (WFC.N) Chief Executive Tim Sloan is due to testify before Congress on Oct. 3 as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations. More »
Bookmark?Remove?
U.S. household net worth rises again in second quarter 2017
The wealth of U.S. households rose to $96.2 trillion in the second quarter of this year as U.S. stock prices hit record highs and home values continued to climb, a report by the Federal Reserve showed on Thursday. More »
Bookmark?Remove?
Exclusive: Macquarie leapfrogs Goldman to join top tier of commodity banks
Australia's Macquarie Group Ltd has overtaken Goldman Sachs to break into the top three banks for commodities business, having significantly expanded its U.S. energy operations in recent years while rivals cut back. More »
Bookmark?Remove?
Airbus opens China A330 plant amid market push
Airbus SE (AIR.PA) on Wednesday opened its Chinese completion plant for A330 jets, with hopes that an increased presence in the world's fastest growing aviation market would help boost demand for the firm's profitable but ageing wide-body jets. More »
Bookmark?Remove?
Global stocks, dollar rise as investors turn eyes to Fed
An index of world stocks hit a record high on Monday and the dollar rose to a more-than seven-week peak against the yen as investors awaited clues from the U.S. Federal Reserve on the timing of further rate hikes, while tensions over North Korea eased. More »
Bookmark?Remove?
Carrefour`s new boss may close hypermarket stores in France: union
The new boss of Carrefour (CARR.PA) could close some of the retailer's large hypermarket stores in France as part of plans to turn around the company, a union official said. More »
Bookmark?Remove?
Ryanair pays a price for flight cancellations mess
Ryanair (RYA.I) admitted on Monday it had messed up after the Irish budget airline disrupted the plans of hundreds of thousands of travelers by cancelling flights to cope with pilot shortages and improve its punctuality record. More »
Bookmark?Remove?
S&P, Dow set to open at record highs as North Korea tensions ease
The S&P and the Dow were set to open at record highs on Monday as appetite for riskier assets improved on easing tensions on the Korean peninsula and ahead of the Federal Reserve's meeting that could unveil plans to trim its bloated balance sheet. More »
Bookmark?Remove?
Airbus challenges Austrian allegations over Eurofighter deal
Airbus (AIR.PA) denied any wrongdoing in a submission on Monday to Austrian prosecutors investigating allegations of fraud and willful deception over a $2 billion fighter deal and threatened the country's defense minister with legal action. More »
Bookmark?Remove?
Costly drugs to weigh on U.S. employers` expenses in 2018: survey
U.S. employers are bracing for higher health care expenses in 2018 as spending on new drugs to treat diseases such as cancer, multiple sclerosis and hepatitis C is expected to rise more than 7 percent, according to consultancy firm Mercer. More »
Bookmark?Remove?
Dollar Tree names Gary Philbin as new CEO
U.S. discount retailer Dollar Tree Inc (DLTR.O) said on Monday Bob Sasser will be replaced as chief executive by Gary Philbin, the company's enterprise president, effective immediately. More »
Bookmark?Remove?
South Africa`s tax service to take legal action against KPMG
South Africa's tax agency said on Monday it will launch legal proceedings against KPMG for reputational damage caused when the auditor released details of a confidential report it had compiled for the tax office. More »
Bookmark?Remove?
KPMG weighing options as South Africa`s tax service plans to sue
KPMG on Monday said it is weighing its options after South Africa's tax service announced plans to sue because of public statements the auditor made about a confidential report. More »
Bookmark?Remove?
Exclusive: India eyes spending cuts as glitches in new tax hit revenue
India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government's budget calculations, two finance ministry officials said. More »
