Customers pile in, analysts fret as U.S. banks offer rich card awards
NEW YORK (Reuters) – Morrie Low, a 27-year-old Seattle cocktail server, has found an unlikely new source of pleasure: credit card companies.
Oil majors experiment with technology to weather crisis
LONDON/OSLO (Reuters) – Oil majors including Statoil, Shell and Chevron are experimenting with various technologies, from drones and drill design to data management, to drive down costs and weather a deep downturn.
PepsiCo sets global target for sugar reduction
LONDON (Reuters) – PepsiCo Inc has set a target for reducing the amount of sugar in its soft drinks around the world as part of a suite of goals aimed at tackling problems ranging from obesity to climate change.
How EU fund rules leave gaps in investor protection
PAVIA, Italy (Reuters) – Pietro Maffi routinely checks his financial statements and has a good understanding of how his savings are being managed. At least he thought he did until he read the small print.
Boston Fed’s Rosengren maps case for a dove’s rate hike
WASHINGTON (Reuters) – By the middle of next year, Federal Reserve Bank of Boston President Eric Rosengren says he expects unemployment to fall to 4.7 percent and inflation to beat the Fed’s 2 percent target, leaving policymakers at risk of having to s…
Iran calls OPEC’s decision to limit output ‘baby step in right direction’
TEHRAN (Reuters) – Iran’s deputy oil minister said on Monday that the OPEC’s primary agreement in Algeria to limit oil output at 32.5 million barrels per day was a small step but in right direction.
Lack of new blood casts doubt over Wells Fargo’s change plan
NEW YORK (Reuters) – Wells Fargo & Co’s decision not to introduce new names onto its board or into the ranks of its senior management in the wake of a sales scandal has raised questions about whether it can truly fix the culture which caused its problems.
Airbus to overtake Boeing on aircraft output rates by 2020: CEO tells paper
FRANKFURT (Reuters) – European aircraft maker Airbus aims to overtake arch rival Boeing in terms of annual plane deliveries by 2020, having fallen behind in recent years, Chief Executive Fabrice Bregier said in a German newspaper interview published …
Canada union approves Fiat Chrysler contract; Ford next
TORONTO (Reuters) – Canadian manufacturing workers at Fiat Chrysler Automobiles voted on Sunday to approve a tentative labor agreement with the automaker, their union said, averting a strike and clearing the way for talks with Ford Motor Co .
City of London’s reliance on EU ‘passport’ exaggerated: think tank
LONDON (Reuters) – Britain needs to focus its efforts on the banking sector when negotiating new financial trading terms with the European Union as the benefits of unfettered access across the industry as a whole have been overplayed, think tank Open E…
