China’s online chatter muted ahead of Apple iPhone 7 launch
SHANGHAI/BEIJING (Reuters) – Judging by the volume of online chatter, there’s a lot less buzz in China ahead of this week’s expected launch of the new Apple Inc iPhone, and people on the street say they’re more likely to “wait and see” what the latest…
U.S. regulators allow BlackRock funds to lend to one another
NEW YORK (Reuters) – BlackRock Inc portfolio managers will be allowed to borrow from their peers if they are pressed for money to cash out clients, U.S. Securities and Exchange Commission officials said in a notice on Tuesday.
Bosch concealed Volkswagen use of ‘defeat device’ software: lawyers
WASHINGTON (Reuters) – Auto supplier Robert Bosch GmbH [ROBG.UL] concealed the use of Volkswagen AG’s secret “defeat device” software that it helped design and demanded in 2008 that the German automaker provide legal protection in its use, lawyers for…
U.S. judge grants Hanjin temporary protection from U.S. creditors
SAN FRANCISCO (Reuters) – Korean shipping line Hanjin Shipping Co Ltd won an order on Tuesday from a U.S. judge extending bankruptcy protections so its vessels can dock at U.S. ports without fear creditors will try take actions against the ships as the…
Wall St. ends up on views Fed will hold off on rates
(Reuters) – U.S. stocks rose slightly on Tuesday, nudging the Nasdaq to a record high close, as economic data bolstered views the Federal Reserve may decide against raising interest rates in the near term.
Fed policymakers defend role of private bankers at central bank
WASHINGTON (Reuters) – Two Federal Reserve policymakers plan to warn U.S. lawmakers against changing the Fed’s structure to reduce the role of private bankers at the U.S. central bank, according to statements seen by Reuters.
Construction worker shortage weighs on hot U.S. housing market
DENVER (Reuters) – The drumbeat of hammers echoes most mornings through suburban Denver, where Jay Small, the owner of company that frames houses, is building about 1,300 new homes this year.
U.S. judge cuts back $2 billion mortgage bond case against UBS
NEW YORK (Reuters) – A U.S. judge signaled on Tuesday that UBS AG may escape liability for at least a portion of an estimated $2.1 billion of losses stemming from residential mortgage-backed securities it sold in 2006 and 2007 before the U.S. housing m…
Allergan vows limited price hikes, says ‘outliers’ deter research
(Reuters) – The chief executive officer of Allergan Plc said his company would limit annual price increases on its prescription drugs, and that “outlier” drugmakers that have imposed huge price increases on their products were scaring off venture capit…
Tax avoidance must be targeted in EU equality push: Eurogroup head
BRUSSELS (Reuters) – Fighting tax avoidance should be a cornerstone of a push by EU authorities for greater equality as they seek a response to a rise in populism across the continent, the head of euro zone finance ministers said on Tuesday.
