Daimler says diesel probes could result in penalties, recalls
FRANKFURT (Reuters) – Daimler on Wednesday reiterated that recent steps by United States authorities to investigate diesel emissions pollution and so-called auxiliary emission control devices could lead to significant penalties and vehicle recalls.
Mining giants race to fill board leadership gaps
LONDON (Reuters) – Three of the world’s biggest miners are hunting for new leaders for their boards at a time when the industry faces questions from investors about its conventional diversified business operations and strategies for growth.
Credit Suisse seeks capital security with $4 billion cash call
ZURICH (Reuters) – Credit Suisse has ditched plans to raise money by listing part of its Swiss business and will instead sell new shares worth about 4 billion Swiss francs ($4 billion) to get its financial strength back on a par with rivals.
Tyson Foods eyes higher wages as U.S. labor market tightens
CHICAGO (Reuters) – Tyson Foods Inc , the biggest U.S. chicken company, said on Wednesday it may raise wages again for workers at all of its poultry plants, a sign of an intensifying battle for employees in a tightening labor market.
China banks miss out on U.S. investment banking bonanza
NEW YORK (Reuters) – As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent – Chinese banks.
McDonald’s drops plan to sell shares in Japan unit
TOKYO (Reuters) – McDonald’s Corp has put on hold plans to sell shares in its Japan unit, which recently returned to profit for the first time in three years after a series of food scandals shook consumer confidence in the chain.
South Korea court says Uber violated transport law, latest setback for U.S. firm
SEOUL (Reuters) – A South Korean court on Wednesday ruled that the ride-hailing group Uber Technologies Inc illegally used private vehicles for commercial purposes, in the latest legal setback for the U.S. firm in Asia’s fourth biggest economy.
Trump tax plan will sharply slash corporate tax rates
WASHINGTON (Reuters) – U.S. President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday.
World stocks hit record high as corporate America shines
LONDON (Reuters) – World stocks hit a record high on Wednesday after strong earnings and the prospect of tax cuts for corporate America pushed U.S. shares to stratospheric levels and the euro held on to recent gains as political concerns in France ebbe…
Asia investors boost use of unorthodox data sources in battle to beat benchmarks
HONG KONG (Reuters) – Sometime in the third quarter of 2016, Blackrock’s scientific active equity team, which manages $80 billion globally, began picking up increased signs of construction activity on the ground in China by using satellite imagery.
