U.S. top court leans toward making insider trading prosecutions easier
WASHINGTON (Reuters) – U.S. Supreme Court justices hearing a closely watched insider trading case indicated on Wednesday they were likely to make it easier for prosecutors to pursue such charges against traders, but questioned where to draw the line.
OPEC, non-OPEC producers plan informal meet in Istanbul to discuss Algiers deal: Algeria
ALGIERS (Reuters) – OPEC and non-OPEC oil producers plan an informal meeting in Istanbul Oct. 8-13 to discuss how to implement a production deal OPEC members reached in Algiers last month, Algerian Energy Minister Nouredine Bouterfa has told local Enna…
Berlin pursues discreet talks with U.S. officials on Deutsche Bank
BERLIN (Reuters) – The German government is pursuing discreet talks with U.S. authorities to help Deutsche Bank secure a swift settlement over the sale of toxic mortgage bonds, according to sources in Berlin.
Fed’s Lacker says there are signs inflation is heating up
HUNTINGTON, WV (Reuters) – Inflation appears to be heating up in the United States, part of a strong case for the Federal Reserve to raise interest rates more quickly, Richmond Fed President Jeffrey Lacker said on Wednesday.
Analysts cut Wells Fargo profit estimates ahead of results
(Reuters) – Goldman Sachs Group Inc on Wednesday became the ninth investment bank in the past month whose analysts have cut forecasts for Wells Fargo & Co , citing regulatory and legal issues in the wake of its scandal over fake accounts.
Republicans asked U.S. administration not to finalize inversion rules
WASHINGTON (Reuters) – Two-dozen Republicans from the U.S. House of Representatives asked the White House and the Treasury on Wednesday not to finalize proposed regulations meant to crack down on companies that try to reduce their U.S. taxes by rebasin…
Credit Suisse to pay $90 million over misrepresenting performance metric
WASHINGTON (Reuters) – Credit Suisse AG will pay a $90 million penalty and admit to wrongdoing, after an investigation by U.S. regulators found the bank misrepresented to investors how it determined a performance metric in its wealth management busine…
BlackRock cuts ETF fees ahead of new financial advice rule
(Reuters) – BlackRock Inc said it would cut prices on some U.S. iShares exchange-traded funds (ETFs) before a new U.S. Labor Department rule governing retirement products takes effect.
U.S. services sector activity surges to 11-month high
WASHINGTON (Reuters) – U.S. services sector activity rebounded to an 11-month high in September, an encouraging sign for economic growth that may increase the prospect of a Federal Reserve interest rate hike this year.
Apple, Google, Coca-Cola top list of 100 most valuable brands: report
NEW YORK (Reuters) – Apple Inc , Alphabet Inc’s Google and Coca-Cola Co topped the list of the world’s 100 most valuable brands in 2016, while technology and automotive brands dominated the overall rankings, according to a new report from brand consu…
