Exclusive: Germany eyes massive windfall from plunging borrowing costs
Germany could enjoy a windfall of 5 billion euros or more this year as record-low bond yields slash its borrowing costs, three people familiar with Berlin’s budget planning told Reuters on Thursday.
U.S. court upholds ex-HSBC executive’s conviction for foreign-exchange scheme
A U.S. appeals court on Thursday upheld the conviction of a former HSBC Holdings Plc executive who was sentenced to two years in prison for defrauding Cairn Energy Plc in a $3.5 billion currency trade.
Post-ECB market rally fades as doubts emerge over stimulus impact
German bond yields and the euro rebounded on Thursday and European banking shares were whipsawed as doubts crept in about the effectiveness of the ECB’s decision to cut interest rates and pledge an indefinite supply of asset purchases.
Kroger doubtful about turnaround targets, shares fall
Supermarket chain operator Kroger Co on Thursday raised doubts about its profit targets from an ongoing turnaround plan, sending its shares down as much as 6%.
Google to pay $1 billion in France to settle fiscal fraud probe
Google agreed to pay close to 1 billion euros ($1.10 billion) to French authorities to settle a fiscal fraud probe that began four years ago in a deal that may create a legal precedent for other large tech companies present in the country.
Uber is sued over resistance to California ‘gig’ contractor law
A driver for Uber has sued the company for misclassifying its drivers as independent contractors, hours after California legislators voted to help thousands of those workers become, and enjoy the benefits of being, employees.
Trump advisers considering interim China trade deal to delay tariffs: Bloomberg
U.S. trade advisers have discussed offering China a limited trade deal that would delay and even roll back some U.S. tariffs for the first time in return for Chinese commitments on intellectual property and agricultural purchases, Bloomberg reported, c…
Google to pay 465 million euros in additional taxes in France, boosting settlement to 1 billion
Google said on Thursday it agreed to pay 465 million euros in additional taxes to French authorities, boosting the total settlement to end a fiscal fraud probe in the country to nearly 1 billion.
IMF continuing talks with Argentina, focus on stabilizing economy
The International Monetary Fund is continuing talks with Argentina as authorities there try to stem a spiraling debt crisis in Latin America’s third-largest economy, IMF spokesman Gerry Rice told reporters on Thursday.
Wall Street hits session high on China interim trade deal report
Wall Street’s main indexes hit a session high on Thursday after a report that said President Donald Trump’s advisers were considering offering an interim deal to China that would delay or potentially roll back some U.S. tariffs on Chinese goods.
