Japanese firms face tighter audits after Toshiba scandal: Reuters poll
TOKYO (Reuters) – After a damaging accounting scandal at Toshiba Corp last year, half of Japanese firms have seen changes in the way they are audited and have taken or are considering steps to boost book-keeping compliance, a Reuters poll shows.
PM May says to be ‘unashamedly pro-business’ as UK leaves EU
LONDON (Reuters) – The British government will be “unashamedly pro-business” as it seeks to forge the country’s future role outside the European Union, but business must also act responsibly, Prime Minister Theresa May will say on Monday.
BMW eyes 100,000 electric car sales in 2017: Sueddeutsche
BERLIN (Reuters) – BMW wants to boost sales of electric cars by two-thirds next year to 100,000 vehicles as the luxury automaker is offering more battery-powered models, Sueddeutsche Zeitung reported, citing Chief Executive Officer Harald Krueger.
Audi software can distort emissions in tests, VW says
BERLIN (Reuters) – Audi cars with automatic transmissions have technology capable of distorting emissions when they are tested, Volkswagen said, as its luxury flagship is battling allegations over a reported discovery of a new cheat software device.
Monte dei Paschi board to meet Monday on debt conversion plan: source
MILAN (Reuters) – The board of Banca Monte dei Paschi di Siena will meet on Monday to set the terms for a bond-to-equity conversion that is part of the lender’s capital boosting plans, a source familiar with the matter said on Sunday.
Obama officials work against time to wrap banking rules
WASHINGTON (Reuters) – U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book.
Citi preparing to move 900 staff to Dublin from London: Sunday Times
LONDON (Reuters) – U.S. bank Citi is preparing to move up to 900 jobs from London to Dublin as part of its contingency plans for Britain’s exit from the European Union, the Sunday Times reported.
Brexit without transitional deal will damage economy: RBS Chairman
LONDON (Reuters) – If Britain does not agree a transitional arrangement with the European Union for the country’s finance industry, it will be damaging for the economy and the financial services sector, the Chairman of Royal Bank of Scotland said on S…
After Trump and Brexit shocks, UK finance minister hopes to ease voters’ frustrations
LONDON (Reuters) – Five months to the day after Britain voted for Brexit, its finance minister will outline how the government plans to cope with the economic fallout and voters’ frustrations which had echoes in Donald Trump’s U.S. election triumph.
Honda plans to produce 80 business jets annually by March 2019
GREENSBORO, United States (Reuters) – Honda Motor Co expects to ramp up production of business jets as part of its plan to expand in the growing industry, the head of the Japanese automaker’s aircraft operations said in the United States.
