Australian Treasurer Scott Morrison speaks to journalists at a press conference before delivering the 2016 Federal Government’s budget at Parliament House in Canberra, Australia, May 3, 2016. AAP/Mick Tsikas/via REUTERS Australia has forced the sale of 16 prop... More »
President of the Deutsche Bundesbank Jens Weidmann speaks during a meeting in Rome, Italy April 26, 2016. REUTERS/Tony Gentile/File Photo Financial institutions based in Britain will lose so-called passporting rights allowing them to operate across the Europea... More »
A view shows the gold mining town of Diwalwal in Compostela Valley, southern Philippines May 25, 2012. REUTERS/Erik De Castro/File Photo The Philippines could suspend at least 10 more mines under an environmental crackdown on the sector, the minister in charge... More »
The John Amos coal-fired power plant is seen behind a home in Poca, West Virginia May 18, 2014. REUTERS/Robert Galbraith/File Photo The 27 states challenging Obama’s Clean Power Plan in court say the lower emissions levels it would impose are an undue burden. ... More »
New autopilot features are demonstrated in a Tesla Model S during a Tesla event in Palo Alto, California. REUTERS/Beck Diefenbach Mobileye NV said in a U.S. securities filing on Friday that its top executives were assured by Tesla Motors Inc Chief Executive El... More »
An employee poses for photographs with Samsung Electronics’ Galaxy Note 7 new smartphone at its store in Seoul, South Korea, September 2, 2016. REUTERS/Kim Hong-Ji/File Photo Samsung Electronics Co (005930.KS) was sued on Friday by a Florida man who said he su... More »
The Mercedes S500e is presented during the media day at the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 16, 2015. REUTERS/Kai Pfaffenbach/File Photo Daimler should avert possible job losses resulting from the expected substitution of conventiona... More »
The logo on a Wells Fargo bank building is seen in downtown San Diego, California March 18, 2014. REUTERS/Mike Blake A phantom account scandal at Wells Fargo & Co has put the U.S. bank’s disclosure policies under a harsh spotlight. More »
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo The U.S. House Financial Services Committee has opened a probe into Wells Fargo’s sales practices and plans to call the company’s ... More »
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo Wells Fargo & Co, embroiled in a scandal over the opening of sham accounts, was sued on Friday by customers who accused the bank o... More »
President Barack Obama on Friday met with Ohio’s Republican Governor John Kasich and other high-profile business and political leaders to strategize about how to secure U.S. approval of the Trans-Pacific Partnership trade deal. More »
A sign for the headquarters of Valeant Pharmaceuticals International Inc is seen in Laval, Quebec June 14, 2016. REUTERS/Christinne Muschi Valeant Pharmaceuticals International Inc said its discount and rebates program for two high-priced heart drugs would cov... More »
The U.S. Justice Department will enlist federal prosecutors to help fight the nation’s opioid crisis by sharing information on overprescribing doctors and coordinating with public health officials to address addiction, USA Today reported on Friday. More »
A 17-year-old has committed doctor-assisted suicide in Belgium, the first minor to do so under rules adopted in 2014 allowing euthanasia for people of all ages, the head of the national committee for euthanasia said on Saturday. More »
A Novartis logo is pictured on its headquarters building in Mumbai April 1, 2013. REUTERS/Vivek Prakash/File Photo Novartis’s investigational multiple sclerosis drug cut the risk of disability progression in patients with a tough-to-treat form of the disease v... More »
China’s central bank said on Monday it will crack down on illegal trading of bank card information. More »
A worker sprays insecticide for mosquitos at a village in Bangkok, Thailand, January 13, 2016. REUTERS/Athit Perawongmetha Health and city officials in Thailand downplayed risks from rising infections from the mosquito-borne Zika virus, which is linked to seri... More »
A man looks around Tesla Motors’ Model S P85 at its showroom in Beijing January 29, 2014. REUTERS/Kim Kyung-Hoon/File Photo Tesla Motors Co Chief Executive Elon Musk said on Sunday the automaker was updating its semi-autonomous driving system Autopilot with ne... More »
A cashier counts Indian rupee currency notes inside a bank in Mumbai August 5, 2013. REUTERS/Danish Siddiqui Eleven of India’s banks will likely be in danger of breaching capital triggers with the coming increases in minimum requirements under new global banki... More »
Minneapolis Fed President Neel Kashkari speaks during an interview at Reuters in New York February 17, 2016. REUTERS/Brendan McDermid With the Federal Reserve powerless to do much more than it already is, the best route to faster U.S. economic growth is throug... More »
Taro Pharmaceutical Industries Ltd and two of its senior officers received grand jury subpoenas last week in connection with a federal antitrust investigation into generic drug pricing, the company disclosed. More »
A Samsung Electronics’ Galaxy Note 7 new smartphone is displayed at its store in Seoul, South Korea, September 2, 2016. REUTERS/Kim Hong-Ji/File Photo Airline passengers should not turn on or charge their Samsung Electronics Co Ltd (005930.KS) Galaxy Note 7 sm... More »
A model poses for photographs with a Galaxy Note 7 new smartphone during its launching ceremony in Seoul, South Korea, August 11, 2016. REUTERS/Kim Hong-Ji/File Photo A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy No... More »
Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem reacts during a European Union finance ministers meeting in Brussels, Belgium, July 12, 2016. REUTERS/Francois Lenoir Multinational companies should refrain from tax-avoidance practices and pay... More »
An employee poses for photographs with Samsung Electronics’ Galaxy Note 7 new smartphone at its store in Seoul, South Korea, September 2, 2016. REUTERS/Kim Hong-Ji/File Photo Samsung Electronics Co Ltd (005930.KS) on Saturday urged users of its Galaxy Note 7 p... More »
A model poses for photographs with a Galaxy Note 7 new smartphone during its launching ceremony in Seoul, South Korea, August 11, 2016. REUTERS/Kim Hong-Ji/File Photo Owners of Samsung Electronics Co Ltd (005930.KS) Galaxy Note 7 smartphones should stop using ... More »
New York financier Lynn Tilton arrives for an appeal hearing at the U.S. District courthouse in New York, September 16, 2015. REUTERS/Brendan McDermid Lynn Tilton, the New York financier accused by the U.S. Securities and Exchange Commission of defrauding her ... More »
A logo of Monte dei Paschi di Siena bank is seen on the ground in Siena, Italy, November 5, 2014. REUTERS/Giampiero Sposito/File Photo Italian bank Monte dei Paschi plans to appoint a new chief executive in the next few days to lead a 5 billion-euro ($5.6 bill... More »
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, February 10, 2015. REUTERS/Jim Young Wells Fargo has long been the envy of the banking industry for its ability to sell multiple products to the same customer, but regulators on Thursday... More »
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 ... More »
China will gradually eliminate customs duties for 201 information technology products covered by a $1.3 trillion World Trade Organization (WTO) deal under a bill passed on Saturday by its legislature, state news agency Xinhua reported. More »
EpiPen auto-injection epinephrine pens manufactured by Mylan NV pharmaceutical company for use by severe allergy sufferers are seen in Washington, U.S. August 24, 2016. REUTERS/Jim Bourg/File Photo Two key U.S. congressional committee members on Friday called ... More »
The logo of Didi Chuxing is seen at its headquarters in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo – RTX2GOMR The Chinese government said on Friday it was investigating two high-profile takeover proposals involving U.S. companies, the late... More »
The U.S. Food and Drug Administration on Friday banned some over-the-counter antibacterial hand and body wash products, saying they are no more effective than soap and water and could cause long-term harm. More »
FILE PHOTO — U.S. Democratic presidential nominee Hillary Clinton speaks at Futuramic Tool & Engineering in Warren, Michigan August 11, 2016. REUTERS/Chris Keane/File Photo Hillary Clinton said on Friday that if elected to the White House she would create an o... More »
The Bank of America building is shown in Los Angeles, California October 29, 2014. REUTERS/Mike Blake/File Photo – RTSIJL2 Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their ba... More »
Over the past two years, a growing number of U.S. banks has capped their directors’ earnings, but the ceilings are so high that they primarily serve to fend off potential shareholder litigation rather than control the pace of pay increases. More »
Swiss drugmaker Roche’s logo is seen at their headquarters in Basel, Switzerland January 28, 2016. REUTERS/Arnd Wiegmann Swiss drugmaker Roche (ROG.S) said on Monday the U.S. Food and Drug Administration (FDA) had issued an Emergency Use Authorization (EUA) fo... More »
U.S. President Barack Obama delivers remarks about health insurance marketplace enrollments and the Affordable Care Act, commonly known as Obamacare, in Milwaukee, Wisconsin March 3, 2016. REUTERS/Jonathan Ernst Nearly a third of U.S. counties will likely be s... More »
An employee works in an automobile factory in Nantong, Jiangsu Province, China, July 8, 2016. China Daily/via REUTERS/File Photo China urgently needs to transform its economy by implementing supply-side and structural reforms, the vice head of China’s cabinet ... More »
A logo for mining company BHP Billiton adorns a sign outside the Perth Convention Centre where their annual general meeting was being held in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo The U.S. Securities and Exchange Commission... More »
An Herbalife logo is shown on a poster at a clinic in the Mission District in San Francisco, California April 29, 2013. REUTERS/Robert Galbraith/File Photo Bayliss More »
An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign September 15, 2014. REUTERS/Kai Pfaffenbach/Illustration/File Photo Ride-hailing companies Uber [UBER.UL] and Careem have... More »
Aedes aegypti mosquitoes are seen inside Oxitec laboratory in Campinas, Brazil, February 2, 2016. REUTERS/Paulo Whitaker/File Photo Federal health officials on Friday warned pregnant women not to travel to trendy Miami Beach after Florida confirmed that the mo... More »
An edes aegypti mosquito is seen inside a test tube as part of a research on preventing the spread of the Zika virus and other mosquito-borne diseases at a control and prevention center in Guadalupe, neighbouring Monterrey, Mexico, March 8, 2016. REUTERS/Danie... More »
Illinois Gov-elect Bruce Rauner talks to the media after a meeting with U.S. President Barack Obama at the White House in Washington December 5, 2014. REUTERS/Larry Downing/File Photo Illinois Republican Governor Bruce Rauner urged lawmakers on Friday to allow... More »
The ticker and trading information for St. Jude Medical is displayed where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 28, 2016. REUTERS/Brendan McDermid Medical device manufacturer St. Jude Medical Inc ... More »
One day after a short seller claimed that St. Jude Medical Inc’s (STJ.N) heart implants are vulnerable to deadly cyber attacks, investors appear most concerned about whether the accusation will derail St. Jude’s $24 billion planned deal for Abbott Labs (ABT.N)... More »
A sign for the Securities and Exchange Commission (SEC) is pictured in the foyer of the Fort Worth Regional Office in Fort Worth, Texas June 28, 2012. REUTERS/Mike Stone (Story corrects paragraph 4 to show a Minnesota county municipal finance official did not ... More »
Three men have been charged with fraud for allegedly selling horsemeat as beef in Britain in 2012, prosecutors said on Friday. More »
A screen displays The Dow Jones industrial average after the close of trading at the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2016. REUTERS/Brendan McDermid The warning is posted in fine print at the bottom of all mutual fund advertiseme... More »
The Wells Fargo bank branch is seen in Golden, Colorado in an October 11, 2013 file photo. REUTERS/Rick Wilking/Files A Wells Fargo & Co mortgage unit will pay $3.45 million to some customers because of a processing error that delayed the mailing of letters to... More »
The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg The U.S. Securities and Exchange Commission fined 13 investment advisory firms on Thursday for spreading false claims made by the now-... More »
Secretary of Labor Thomas Perez speaks during a Plenary session on ”Training Your Skilled Workforce” at the SelectUSA Investment Summit at National Harbor, Maryland, March 24, 2015. REUTERS/Yuri Gripas The Obama administration on Thursday issued rules aimed at... More »
An Indian scientist holds a genetically modified (GM) rapeseed crop under trial in New Delhi, India February 13, 2015. REUTERS/Anindito Mukherjee/File photo A government panel has cleared commercial use of what would be India’s first genetically modified (GM) ... More »
A delivery drone performs a test flight with a Domino’s pizza box in Auckland, New Zealand, August 25, 2016. Domino’s/Handout via REUTERS A New Zealand pizza chain aims to become the world’s first company to offer a commercial drone delivery service, a milesto... More »
By Julie Steenhuysen | CHICAGO CHICAGO The Obama administration on Friday declared a public health emergency in the U.S. territory of Puerto Rico, saying the rapid and widespread transmission of the Zika virus threatens the health of infected pregnant women an... More »
By Rory Carroll | SAN FRANCISCO SAN FRANCISCO A California lawmaker next week will introduce a bill requiring 15 percent of all vehicles sold in the state to be emissions-free by 2025, her spokeswoman said on Friday. Assemblywoman Autumn Burke says the legisla... More »
By Trevor Hunnicutt More »
NEW YORK Wells Fargo & Company named David Kowach to head its retail wealth management division, Wells Fargo Advisors, the nation’s third-largest brokerage, on Thursday. Kowach was promoted from his job overseeing roughly 11,000 brokers in the bank’s Private C... More »
CAIRO Egypt has reached a preliminary agreement with the International Monetary Fund after nearly two weeks of talks to secure a $12 billion lending program and will make an announcement on Thursday, two government sources said. The sources said no deal had be... More »
NEW YORK/SAN FRANCISCO U.S. prosecutors have opened a criminal investigation into Valeant Pharmaceuticals International Inc (VRX.N) over whether it hid from insurers its relationship with a specialty pharmacy that helped boost its drug sales, the Wall Street J... More »
SEATTLE The U.S. government will announce on Thursday that it will allow more research into marijuana but has rejected requests to relax the classification of the substance as a dangerous, highly addictive drug with no medical use, sources with direct knowledg... More »
LOS ANGELES Consumer groups will deliver a petition from more than 350,000 people to the KFC restaurant chain on Wednesday, calling on the Yum Brands Inc unit (YUM.N) to stop the routine use of antibiotics by the companies that supply its chicken. Several fast... More »
NEW YORK A former aide to Chris Christie said in a text message that the New Jersey governor “flat out lied” when he said senior staff members were not involved in the “Bridgegate” scandal in 2013, according to a court filing on Wednesday. The details were rev... More »
LAHORE, Pakistan A Pakistani opposition lawmaker on Wednesday proposed banning 24-hour cartoon TV channels, specifically the popular Japanese series “Doraemon”, drawing ridicule on social media in a country fighting corruption, poverty and Islamist militants. ... More »
CAPE CANAVERAL, Fla. A Florida-based company won U.S. government permission on Wednesday to send a robotic lander to the moon next year, the firm’s founder said, marking the first time the United States has cleared a private space mission to fly beyond Earth&r... More »
(This story filed on July 31, 2016 corrects final paragraph to take out reference to China’s Ministry of Finance. A request for comment had not been made at that time) By Michelle Price HONG KONG British and Chinese securities watchdogs are discussing an agree... More »
WASHINGTON/SAN FRANCISCO A computer network used by Democratic presidential nominee Hillary Clinton’s campaign was hacked as part of a broad cyber attack on Democratic political organizations, people familiar with the matter told Reuters. The latest attack, wh... More »
CHICAGO The agricultural unit of German chemicals company Bayer AG will halt future U.S. sales of an insecticide that can be used on more than 200 crops after losing a fight with the U.S. Environmental Protection Agency, the company said on Friday. Bayer lost ... More »
WASHINGTON Tesla Motors Inc told U.S. Senate Commerce Committee staff it is considering two theories that may help explain what led to the May 7 fatal crash that killed a Florida man who was using the car’s “Autopilot” system, a person familiar with the meetin... More »
CHICAGO The state of Florida, the first to report the arrival of Zika in the continental United States, has yet to invite a dedicated team of the federal government’s disease hunters to assist with the investigation on the ground, health officials told Reuters... More »
MILAN Italian bank Monte dei Paschi di Siena has secured underwriters to back a turnaround plan involving the sale of 9.2 billion euros ($10.3 billion) in bad loans and a 5 billion euros capital increase, the lender said in a statement on Friday. The country’s... More »
ORLANDO, Fla./MIAMI Florida authorities on Friday reported the first sign of local Zika transmission in the continental United States, concluding that mosquitoes likely infected four people with the virus that can cause a rare but serious birth defect. Governo... More »
NEW YORK Two University of California, Berkeley professors have taken a deep dive into new data and found that claims in Michael Lewis’ bestseller “Flash Boys” that retail investors are being gouged, or “front-run,” by high-speed traders not to be true – at le... More »
SAN FRANCISCO Investments into online lending platforms have fallen sharply this year, according to a new report, largely a reaction to the woes at Lending Club and increased regulatory scrutiny that have made investors shy away from the risks. Equity investme... More »
NEW YORK Big U.S. brokerages are redefining the term “wealthy” in their pursuit of ever-richer clients to prop up margins eroded by historically low interest rates and growing regulatory burdens. Brokerages owned by Morgan Stanley, Bank of America Corp and Wel... More »
BERLIN A 21-year-old Syrian refugee was arrested on Sunday after killing a pregnant woman with a machete in Germany, the fourth violent assault on civilians in western Europe in 10 days, though police said it did not appear linked to terrorism. The incident, h... More »
SINGAPORE Singapore’s central bank said it will enhance controls against money laundering and take swift action against banks following damaging findings that financial institutions in the city-state handled money flows linked to Malaysian state fund 1MDB. “Th... More »
WASHINGTON The chairman of the Federal Communications Commission on Friday pressed major U.S. phone companies to take immediate steps to make technology that blocks unwanted automated calls available to consumers at no charge. FCC Chairman Tom Wheeler, in lett... More »
LONDON Japan’s SoftBank Group Corp (9984.T) has agreed to buy British chip designer ARM Holdings (ARM.L) for 24.3 billion pounds ($32 billion), in a deal that will retain the company’s management and grow its workforce. Arm, Britain’s preeminent technology com... More »
SEOUL Biosimilars maker Samsung Bioepis, part of South Korea’s top family-run conglomerate Samsung Group [SAGR.UL], said on Monday it is seeking regulatory approval in Europe to sell its copy of AbbVie Inc’s rheumatoid arthritis drug Humira. Samsung Bioepis sa... More »
SAN FRANCISCO/WASHINGTON Twitter Inc moved swiftly to remove posts from Islamic extremists glorifying a truck attack in Nice, France, watchdog groups said on Friday, in a rare round of praise for a platform that has often struggled to contain violent propagand... More »
MANILA Patrolling downtown Manila in his new Toyota, Uber driver Daniel Canezal is grumpy. It’s not from the heat, grime or traffic of the capital’s clogged streets – it’s the Philippines’ ramshackle internet service that is making his life a misery. Since sig... More »
WASHINGTON The U.S. Federal Communications Commission said on Friday that 62 bidders have made upfront payments in a forthcoming wireless spectrum auction, including AT&T Inc, Verizon Communications Inc, Dish Network, T-Mobile US and Comcast Corp. The auction ... More »
The U.S. Federal Trade Commission’s settlement this week with Warner Bros Home Entertainment Inc highlighted the regulator’s increasing focus on internet advertising by so-called influencers or online personalities. More »
The U.S. Federal Trade Commission’s settlement this week with Warner Bros Home Entertainment Inc highlighted the regulator’s increasing focus on internet advertising by so-called influencers or online personalities. More »
BEIJING China’s Premier Li Keqiang told European Union officials on Wednesday that the country was committed to market reforms and remained determined to tackle a steel capacity glut that has sharpened tensions between the two sides. Li, speaking at an EU-Chin... More »
SYDNEY The sharp rebound in U.S. job growth last month eased concerns that the country’s labor market had regressed, a top Federal Reserve official said on Wednesday, repeating she continues to expect gradual interest rate rises. Cleveland Fed President Lorett... More »
WASHINGTON U.S. highway safety regulators have demanded that Tesla Motors Inc hand over detailed information about the design, operation and testing of its Autopilot technology following a May 7 fatal crash in which the system was in use. The U.S. National Hig... More »
WASHINGTON Puerto Rico, the U.S. commonwealth that recently declared a historic default, could be shut out of debt markets for two more years as it battles with fiscal challenges, the island’s governor said on Tuesday. Governor Alejandro Garcia Padilla said em... More »
WASHINGTON The White House announced on Wednesday measures aimed at advancing President Barack Obama’s precision medicine initiative, including plans to speed the development of tests used to identify genetic mutations and guide medical treatment. The U.S. Foo... More »
BRUSSELS The European Commission does not expect any new countries to join the euro zone for at least the next three years, one of the vice presidents of the EU executive said on Thursday. “There is not going to be euro area enlargement in the next at least th... More »
