U.S. housing starts fall; building permits hit one-year high
WASHINGTON (Reuters) – U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month’s data and a jump in permits to a one-year high suggested the housing recovery remained on tr…
Exclusive: Big U.S. banks to push for easing of money laundering rules
WASHINGTON/NEW YORK (Reuters) – America’s largest banks are to propose a complete overhaul of how financial institutions investigate and report potential criminal activity, arguing that rules imposed in the years after the Sept. 11, 2001 attacks and st…
JPMorgan moving mortgages online to please paper-weary customers
NEW YORK (Reuters) – JPMorgan Chase & Co is gradually introducing a digital mortgage platform where customers can apply online and track applications by mobile phone.
Deutsche Boerse CEO denies insider trading allegations
FRANKFURT (Reuters) – The head of Deutsche Boerse said insider trading allegations against him were unfounded, pointing out that he did not determine the timing of his share purchases ahead of the announcement of merger plans with the London Stock Exch…
Fed accommodative and moving on right path, Fischer says: Bloomberg
(Reuters) – The Federal Reserve expected the current improvement in U.S. inflation and employment and, while monetary policy remains accommodative, it is headed on the right path in removing that stimulus, Fed Vice Chair Stanley Fischer said on Thursda…
Wells Fargo to oppose nuns on review resolution: document
BOSTON (Reuters) – The board of Wells Fargo & Co plans to oppose a resolution filed by shareholder activists led by the Sisters of St. Francis of Philadelphia seeking a review of the root causes of the bank’s unauthorized accounts scandal, according to a draft document seen by Reuters.
After day in South Korea court, Samsung chief awaits arrest decision
SEOUL (Reuters) – Samsung Group leader Jay Y. Lee left a Seoul court after more than eight hours on Thursday to await a decision on whether he will be arrested over his alleged role in a corruption scandal that has engulfed President Park Geun-hye.
Chinese firm files complaints with Chinese government over McDonald’s China sale
HONG KONG (Reuters) – A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald’s Corp, arguing in a complaint to regulators that the American fast food giant’s China sale may hurt w…
Austria sues Airbus over suspected Eurofighter fraud
VIENNA (Reuters) – Austria filed a lawsuit on Thursday against Airbus and the Eurofighter consortium, alleging wilful deception and fraud linked to a 2 billion euro ($2.1 billion) order for Eurofighter jets in 2003, the defense ministry said.
World stocks ride to record high, dollar retreats
LONDON (Reuters) – World stocks hit an all time high on Thursday as the latest round of robust global data matched hopes that major economies like the United States will soon be serving up large helpings of fiscal stimulus.
