UBS is dismissed in U.S. silver lawsuit, other claims narrowed
NEW YORK (Reuters) – A U.S. judge has dismissed UBS Group AG as a defendant in a lawsuit accusing big banks of conspiring to fix silver prices and exploit price distortions at investors’ expense.
Germany floats plan to buy new Lockheed transport planes
BERLIN (Reuters) – Germany is looking at buying 4-6 new Lockheed Martin C-130J military troop transport planes and operating them jointly with France, placing a further dent in plans for a fully European airlift capability following the delayed A400M….
Monsanto surprises with adjusted profit as expenses drop
(Reuters) – U.S. seeds and agrochemicals company Monsanto Co , which agreed last month to be bought by Germany’s Bayer AG for $66 billion, reported a surprise adjusted profit, helped by a drop in expenses and higher corn seed volumes.
Google takes on Apple, Amazon with new hardware push
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google on Tuesday announced a new “Pixel” smartphone and a suite of new consumer electronics products for the home, planting itself firmly in the hardware business and challenging Apple Inc’s iPhone at the high…
Deutsche Bank must convince investors its business model is viable: IMF
WASHINGTON (Reuters) – Deutsche Bank needs to convince investors that its business model is viable, a senior International Monetary Fund official said on Wednesday amid concerns about the bank’s financial strength.
U.S. private sector adds 154,000 jobs in September: ADP
NEW YORK (Reuters) – U.S. private employers added 154,000 jobs in September, below economists’ expectations, a report by a payrolls processor showed on Wednesday.
Toyota recalls 219,811 Toyota and Lexus cars in Russia: agency
MOSCOW (Reuters) – Russian standards agency Rosstandart said on Wednesday it had been informed about a voluntary recall by Toyota Motor Corp of 219,811 Toyota Auris, Toyota Prius, Toyota Corolla and Lexus CT 200h cars.
‘Hard Brexit’ could cost British finance firms 38 billion pounds
LONDON (Reuters) – Britain’s financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called ‘hard Brexit’ that would leave it with restricted access to the European Union’s single market, according to a report commissi…
Exclusive: Wells Fargo account scandal extends to small business – U.S. senator
NEW YORK (Reuters) – The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope of the bank’s issues with unauthorized accounts.
Exclusive: McDonald’s set to sell Singapore, Malaysian franchise to Saudi company – sources
HONG KONG/SINGAPORE (Reuters) – McDonald’s Corp is nearing a deal to sell 20-year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia’s Reza group, in a transaction estimated at up to $400 million, people familiar with the matter s…
