HSBC slump eclipses punchy euro zone growth signals
LONDON (Reuters) – Weak earnings trumped strong economic data for European stocks on Tuesday, as investors took their cue from banking giant HSBC’s surprise slump in profits rather than stellar reports on the euro zone economy.
Wells Fargo fund business on the defensive amid sales scandal
(Reuters) – When a scandal over unauthorized accounts rocked Wells Fargo & Co’s retail division last fall, executives at its asset management arm sprang into action to limit its fallout at an already tough time for their business.
Mexico central bank faces ‘complex environment’: Diaz de Leon
MEXICO CITY (Reuters) – Mexico’s central bank faces difficult decisions as it balances a spike in inflation against an expected economic slowdown, Deputy Governor Alejandro Diaz de Leon said on Monday.
TransferWise launches international money transfers via Facebook
NEW YORK (Reuters) – Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook Inc’s chat application, as competition in the digital payments landscape intensifies.
Foreign investment is not leaving China: commerce minister
BEIJING (Reuters) – China’s commerce minister on Tuesday sought to assuage concerns that foreign investment is leaving the country, saying claims to that effect were “biased.”
Las Vegas Sands CEO says Japan casino resort could cost up to $10 billion
TOKYO (Reuters) – A resort hosting casinos in Japan could cost up to $10 billion to build, Las Vegas Sands Corp’s chief said, as the casino operator looks to win operating rights in what is widely expected to become the world’s second-biggest casino m…
Kraft backs out of Unilever bid after hostile reception
LONDON (Reuters) – Kraft Heinz Co’s rapid retreat from its surprise $143 billion bid for Unilever in the face of stiff resistance knocked the Anglo-Dutch company’s shares on Monday as investors assessed the impact of the failed approach.
Uber hires ex-U.S. Attorney General Holder to probe sexual harassment
(Reuters) – Uber Technologies Inc has hired former U.S. Attorney General Eric Holder to conduct a review of sexual harassment claims at the ride-hailing service made by a former employee.
Germany encouraged over Opel jobs, but UK union worries
BERLIN/LONDON (Reuters) – Initial talks between the German government and carmakers PSA and General Motors have led to some encouraging signs that jobs at Opel factories will be preserved, though no guarantees have been made yet, a top official said …
Greece, lenders agree to work out new reforms to unblock aid
BRUSSELS (Reuters) – Greece and its international lenders agreed on Monday to let teams of experts work out new reforms to Greek pensions, income tax and labor market that would allow Athens to eventually qualify for more cheap loans, euro zone officia…
