Credit Suisse pays $77 million to settle U.S. probes into China hiring
(Reuters) – Credit Suisse Group AG agreed to pay about $77 million to settle U.S. criminal and civil probes into its Asia-Pacific hiring practices, including efforts to win banking business by awarding jobs to friends and family of Chinese government …
Exclusive: JPMorgan triggers EU talent transfer as ‘dozens’ prepare for Brexit move
LONDON (Reuters) – JPMorgan has asked “several dozen” employees to lead a first wave of relocations from Britain to continental Europe by early 2019, kicking off plans to protect its business post-Brexit, a memo to staff shows.
Tech leads Wall Street higher as trade fears ebb
(Reuters) – U.S. stocks ticked higher on Thursday on signs that Washington may dial back on plans for tariffs on European cars, soothing some worries about trade even as China looked set to face U.S. tariffs.
Trump effort to lift U.S. offshore wind sector sparks interest – from Europe
(Reuters) – The Trump administration wants to fire up development of the U.S. offshore wind industry by streamlining permitting and carving out vast areas off the coast for leasing – part of its ‘America First’ policy to boost domestic energy productio…
Credit Suisse settles U.S. criminal probe over Chinese hiring scheme
(Reuters) – Credit Suisse Group AG agreed to pay about $77 million to settle U.S. criminal and civil probes over its alleged scheme to corruptly win banking business by awarding jobs to friends and family of Chinese government officials.
EU states back measures to limit steel imports after U.S. tariffs
BRUSSELS (Reuters) – European Union countries voted on Thursday in favor of provisional measures proposed by the European Commission to curb steel imports into the bloc, following a U.S. decision to slap tariffs on EU steel and aluminum.
U.S. private payrolls miss expectations; weekly jobless claims up
WASHINGTON (Reuters) – U.S. private payrolls rose less than expected in June while the number of Americans filing for unemployment benefits unexpectedly rose last week, but that did little to change perceptions that labor market conditions continued to…
Boeing to buy control of Embraer’s $4.75 billion commercial jet unit
SAO PAULO (Reuters) – Boeing Co will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75-billion joint venture, the companies said on Thursday, cementing a global passenger jet duopoly.
U.S. weekly jobless claims unexpectedly rise
WASHINGTON, (Reuters) – The number of Americans filing for unemployment benefits unexpectedly rose last week, but the trend in jobless claims continued to point to tightening labor market conditions.
China’s ZTE Corp names c-suite executives in step toward U.S. ban lift
HONG KONG (Reuters) – ZTE Corp has appointed a new team of top executives including a CEO to comply with a deal it made with the United States to end a ban on U.S. firms supplying parts to China’s second-biggest telecommunications equipment maker.
