Trump won’t rule out second Yellen term, signaling drift to the mainstream
WASHINGTON (Reuters) – President Donald Trump signaled on Wednesday he could be moving closer to the mainstream on monetary policy, saying he had not ruled out reappointment of Janet Yellen to a new four-year term as Fed chair as he considers his choic…
Democratic U.S. senator questions Deutsche Bank over Trump
WASHINGTON (Reuters) – A Democratic U.S. senator pressed Deutsche Bank on Wednesday to release information about issues including President Donald Trump’s debt and any bank meetings with Trump administration officials, saying he had “great concern” ab…
Berkshire cuts Wells Fargo stake, pulls Fed application
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc withdrew its application to the Federal Reserve to boost its ownership stake in Wells Fargo & Co above 10 percent, and is instead selling 9 million shares to keep it below that threshold.
Mercedes-Benz undecided if it will sell future U.S. diesels
NEW YORK (Reuters) – Daimler AG’s Mercedes-Benz USA chief said the German automaker has not decided whether to resume selling diesel vehicles in the United States.
GE Nigeria workers cordon off headquarters over salary dispute
ONITSHA, Nigeria (Reuters) – Striking Nigerian workers cordoned off the country headquarters of U.S. industrial firm General Electric in Lagos on Wednesday in a dispute over wages, a trade union official said.
Grey market has become a necessary evil for luxury watchmakers
ZURICH (Reuters) – A diamond-studded Rolex at 40 percent off the $34,000 retail price or an Omega Speedmaster Moonphase for less than $10,000? While still out of reach for most people, the increasing prevalence of such deals highlights the perplexing p…
Airbus CEO considers new term, says not retiring soon
AMSTERDAM (Reuters) – Airbus Chief Executive Tom Enders is in the early stages of considering whether to seek another term as head of Europe’s largest aerospace company when his mandate expires in 2019, and says he is not currently thinking about reti…
Monte Paschi CEO says EU demands radical restructuring plan
SIENA, Italy (Reuters) – Monte dei Paschi di Siena is still negotiating with the European Commission how many jobs to cut in a radical restructuring plan that is a condition for a state rescue of the Italian bank, Chief Executive Marco Morelli said on…
Tesla’s Musk tells disgruntled shareholders: Buy Ford
SAN FRANCISCO/DETROIT (Reuters) – A group of Tesla Inc investors has urged the luxury electric car maker to add two new independent directors to its board, without ties to Chief Executive Elon Musk, to “provide a critical check on possible dysfunction…
Japan’s Dai-ichi Life eyes Cambodia, U.S. in push for overseas growth
TOKYO (Reuters) – Japan’s Dai-ichi Life Holdings Inc plans to start a life insurance business in Cambodia in 2018 and expand its U.S. presence, its president said, in line with the firm’s strategy to boost overseas growth as investment returns diminis…
