France warns against ‘exorbitant’ payoff for ex-Renault boss Ghosn
France’s finance minister said on Sunday a severance package for former Renault chief Carlos Ghosn, forced to resign in a financial scandal, should not be “exorbitant” and that the French state would follow the matter closely.
Three years later, India’s bankruptcy reform languishes in courts
When India introduced new bankruptcy resolution rules in 2016, government officials and investors said they expected debt-burdened state-owned banks to clear up some of their bad loans and create a dynamic market in restructured debt.
Malaysia probing audit firms’ conduct in 1MDB scandal
Malaysia’s securities regulator said on Saturday it was looking into the conduct of auditors of 1Malaysia Development Bhd (1MDB), a state fund that was wound up after losing billions of dollars in a scandal that erupted under the country’s previous gov…
Mastercard says plans to apply for China license to clear card payments
U.S. payments card company Mastercard Inc said on Friday it still plans to apply for a bankcard clearing license in China and was in “active discussions” to explore solutions.
China confident of keeping 2019 growth within ‘appropriate range’
China is fully confident that it is capable of keeping its economic growth rate within an appropriate range in 2019 in spite of challenges, state news agency Xinhua reported Chinese Premier Li Keqiang as saying on Friday.
Wells Fargo CEO defends his stewardship, in response to Sen. Warren: CNBC
Wells Fargo & Co Chief Executive Tim Sloan, in a CNBC interview on Friday, said he is the right person to run the company, in response to Senator Elizabeth Warren’s repeated calls for him to be fired after a 2016 scandal.
U.S. economy lost at least $6 billion to government shutdown: S&P
The U.S. economy lost at least $6 billion during the partial shutdown of the federal government due to lost productivity from furloughed workers and economic activity lost to outside business, S&P Global Ratings said on Friday.
Take Five: Time for a break? World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Zuckerberg to integrate WhatsApp, Instagram and Facebook Messenger: NYT
Facebook Inc Chief Executive Mark Zuckerberg is planning to unify the underlying messaging infrastructure of the WhatsApp, Instagram and Facebook Messenger services and incorporate end-to-end encryption into these apps, the New York Times reported on F…
Flights snarled at U.S. East Coast airports as controllers call in sick
Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports on Friday as air traffic controllers called in sick hours before President Donald Trump announced an end to the 35-day partial shutdown of the U.S. government.
