On election day, Fed official urges U.S. fiscal investment
NEW YORK (Reuters) – U.S. lawmakers should take advantage of low interest rates by making infrastructure investments and encouraging innovations that boost productivity, a Federal Reserve policymaker said on Tuesday as Americans voted in a presidential…
Exclusive: Leniency deal for Brazil’s Odebrecht may be world’s largest
SAO PAULO (Reuters) – U.S. and Swiss investigators are working with Brazilian counterparts to complete negotiations with Odebrecht, the construction company at the center of a massive political kickback scandal, in what is likely to be the world’s larg…
UK financial watchdog calls for Brexit clarity to avoid ‘mess’
LONDON (Reuters) – Britain should spell out what happens to financial rules as Brexit gets under way to help regulators do their job and avoid a “mess” in markets, a top watchdog said on Tuesday.
Tesla buys Germany’s Grohmann Engineering to help ramp up electric car production
FRANKFURT (Reuters) – Electric carmaker Tesla Motors Inc has agreed to buy Germany’s Grohmann Engineering GmbH, which develops automated manufacturing systems for batteries and fuel cells, as the California-based company seeks to expand its production…
Tobler-moan: UK fans bare sweet teeth over scaled-down chocolate bar
ZURICH (Reuters) – British fans of Toblerone chocolate bars have bared their sweet teeth over a cost-cutting move to space out the distinctive jagged peaks on versions of the Swiss treat sold in the UK.
EU agrees zero tax rate is not enough to define tax haven: Padoan
BRUSSELS (Reuters) – European Union finance ministers agreed that countries applying a zero tax rate cannot automatically be considered tax havens, Italy’s finance minister said on Tuesday, a move that may reduce the scope of a EU blacklist of offendin…
China central bank to keep liquidity ample, curb asset bubbles
BEIJING (Reuters) – China’s central bank said on Tuesday that it will maintain ample liquidity in the country’s financial system while taking steps to prevent asset bubbles in an increasingly leveraged economy.
After cyber attacks, Internet of Things wrestles with making smart devices safer
SINGAPORE/TAIPEI (Reuters) – Recent cyber attacks harnessing everyday devices such as cameras, video recorders, printers, routers and speakers are a wake-up call to the hidden dangers of the Internet of Things.
Too early to say how thefts occurred at Tesco Bank: UK watchdog
LONDON (Reuters) – The theft of money from accounts at Tesco bank is unprecedented in Britain and how it happened is still unknown, Britain’s financial watchdog said on Tuesday.
Total signs first post-sanctions Western energy deal with Iran
PARIS (Reuters) – France’s Total has signed a deal with Iran to further develop its part of the world’s largest gas field, becoming the first western energy company to sign a major deal with Tehran since the lifting of international sanctions earlier t…
