Scotland says it will unveil single market Brexit plan this week
LONDON (Reuters) – Scotland will publish proposals this week for how it can remain in the European Union’s single market after Britain leaves the bloc, in order to avoid the “national disaster” of a “hard Brexit”, the Scottish government said on Sunday…
Heralding social, financial change, China aims blow at iron rice bowl
PINGDINGSHAN, China (Reuters) – China has ordered state firms to smash the decades-old system of providing cradle-to-grave welfare support, known as the country’s “iron rice bowl”.
Economy pays tab for Japan Inc’s free lunch on overtime
TOKYO (Reuters) – Japanese workers put up with long hours and unpaid overtime under pressure from cost-saving companies, and figures from government, which wants more money in workers’ pockets to boost consumer spending, appear to underestimate the pro…
Nissan, Renault, Mitsubishi to share electric car platform: Nikkei
TOKYO (Reuters) – Nissan Motor Co , Renault SA and Mitsubishi Motors Corp will combine their electric vehicle platforms in an effort to slash prices down to levels comparable to conventional gasoline cars, the Nikkei newspaper said.
EU’s Dombrovskis says Greek pension payout ‘complicated’ review talks
ATHENS (Reuters) – Greece’s decision to give pensioners a one-off bonus has delayed the conclusion of its second bailout review but an agreement can still be reached in the coming months, EU Commission Vice-President Valdis Dombrovskis was quoted as sa…
Exclusive: Foreign banks in Britain pay fraction of tax rate
LONDON (Reuters) – Some of the biggest foreign investment and commercial banks operating in Britain paid an average tax rate of just 6 percent on the billions of dollars of profits they made in the country last year, a Reuters analysis of regulatory fi…
Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 million
NEW YORK (Reuters) – Goldman Sachs Group Inc has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market.
U.S. dollar holds near 14-year highs as rally loses steam
NEW YORK (Reuters) – The U.S. dollar edged lower against a basket of major currencies on Friday, but still held near 14-year highs touched after Wednesday’s Federal Reserve meeting, with profit-taking halting the greenback’s rally.
Tech drags Wall Street lower; China tension weighs
NEW YORK (Reuters) – U.S. stocks fell on Friday, weighed by a more than 4 percent drop in Oracle shares, while recently battered stocks in the real estate and utilities sectors posted the largest gains.
Pushed by investor Ackman, Chipotle adds four new directors
(Reuters) – Chipotle Mexican Grill Inc , under pressure from activist investor Bill Ackman, named four new board members on Friday, paving the way for a reunion of sorts between its chief executive and a former top executive at McDonald’s, which once o…
