U.S. House committee approves bill to increase scrutiny of Fed
WASHINGTON (Reuters) – A Republican-controlled committee of lawmakers approved a bill on Tuesday to allow a congressional audit of Federal Reserve monetary policy, a proposal Fed policymakers have opposed and which faces an uncertain path to final appr…
Trump to offer federal coal to industry awash in reserves
WASHINGTON (Reuters) – U.S. President Donald Trump’s administration has billed his move to re-open federal lands to new coal leases as a win for miners seeking to expand production. But a review of company filings shows that coal miners with the most t…
Volkswagen supervisory board backs Stadler, top managers
BERLIN (Reuters) – Volkswagen’s supervisory board gave its backing on Tuesday to Audi’s chief executive and other senior managers, after raids by German prosecutors related to the emissions scandal.
Toshiba’s Westinghouse to file for U.S. bankruptcy Tuesday: sources
TOKYO (Reuters) – U.S. nuclear developer Westinghouse Electric Co plans to seek bankruptcy protection from creditors on Tuesday as it struggles to limit losses that have thrown its Japanese parent Toshiba Corp into crisis, people familiar with Toshiba’…
GM rebuffs two-class share plan from Einhorn’s Greenlight Capital
(Reuters) – General Motors Co on Tuesday rejected a proposal by billionaire investor David Einhorn to split its common stock into two classes to help boost its share price.
Huge range of sterling forecasts clouds horizon for Brexit talks
(This story first published on March 28, was refiled to amend headline)
U.S. consumers most confident since 2000
(Reuters) – U.S. consumers’ confidence in the economy rose in March to its highest level since December 2000, a survey showed on Tuesday, led by optimism for finding work and a brighter assessment of business conditions.
With new phone due, Samsung dials down on safety message
SEOUL (Reuters) – After the damaging recall of its fire-prone Note 7 smartphone, you could be forgiven for thinking Samsung Electronics Co Ltd would make a song and dance about battery safety in its new flagship phones, due to be launched in the United…
Wall Street posts sharp gains, fueled by strong consumer data
(Reuters) – U.S. stocks ended sharply higher on Tuesday, with financial and energy shares surging as data showed U.S. consumer confidence soaring to a more than 16-year high.
Aramco tax cut lifts company’s value by $1 trillion, analyst estimates
DUBAI (Reuters) – Saudi Arabia’s decision to cut tax paid by national oil giant Saudi Aramco has increased its value by $1 trillion, an analyst estimated on Tuesday ahead of Aramco’s initial public offer of shares, expected to be the world’s largest.
