Barclays to pay $500,000 to settle charges over record keeping: CFTC
WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission said on Thursday it had ordered Barclays Bank PLC to pay $500,000 to settle charges of record-keeping deficiencies.
Freeports boom highlights risks of shady activities
GENEVA (Reuters) – Freeports springing up around the world as more investors store and trade physical assets are coming under increased scrutiny as potential black holes for dodging taxes, laundering money or financing extremists as bank secrecy erodes…
WTO says EU failed to rein in Airbus subsidies
GENEVA (Reuters) – The World Trade Organization said on Thursday the European Union had failed to rein in billions of dollars in subsidies to planemaker Airbus , prompting Washington to call for an immediate halt to support to unwind damage to U.S. job…
Tesla sues Michigan officials over state bar on sales
WASHINGTON (Reuters) – Tesla Motors Inc Thursday sued Michigan Governor Rick Snyder and other state officials in federal court over the state’s refusal to allow the Palo Alto, California automaker to sell vehicles directly to consumers.
U.S. job market firming; tight inventories constraining housing
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week to a two-month low, pointing to labor market strength that could pave the way for the Federal Reserve to raise interest rates by December.
Dunkin’ Brands hires McDonald’s international executive
(Reuters) – Dunkin’ Brands Group Inc on Thursday said it hired David Hoffmann, the McDonald’s Corp executive in charge of high-growth markets, including China and Russia, to lead its U.S. and Canadian business.
Hard to swallow: emerging markets get tougher for drugmakers
LONDON (Reuters) – Emerging markets have lost their luster for Big Pharma making drug firms ever more dependent on the United States for growth just as American anger over high medicine prices is building.
Reduce ‘huge sums’ paid to VW bosses, says activist investor TCI
LONDON (Reuters) – Volkswagen should reduce the “huge sums of money” paid to executives and any bonuses should be given in shares, activist investor TCI Fund Management said in a letter to the car company seen by Reuters.
USTR says WTO finds $22 billion in illegal Airbus subsidies
WASHINGTON (Reuters) – The World Trade Organization found nearly $22 billion in illegal subsidies for European aircraft maker Airbus from the European Union, Germany, France, Britain and Spain, the U.S. Trade Representative’s office said.
Europe’s shadow bank sector needs closer scrutiny: Draghi
FRANKFURT (Reuters) – Financial services are shifting away from banks in the euro zone to the so-called ‘shadow banking’ sector, requiring fresh rules across a range of areas to mitigate risk, European Central Bank President Mario Draghi said on Thursd…
