Fed’s Kaplan urges patience in raising rates, points to global risks
BEIJING (Reuters) – A raft of global risks that could adversely affect the United States remains on the horizon and requires close monitoring, Dallas Federal Reserve Bank President Robert Kaplan said on Tuesday.
German state of Bavaria to sue VW over emissions scandal
MUNICH (Reuters) – The German state of Bavaria said on Tuesday it would sue Volkswagen for damages caused by its emissions-test cheating scandal, the first regional government in VW’s home country to take legal action against the carmaker.
Emerson Electric to sell businesses for $5.2 billion
(Reuters) – Emerson Electric Co , a maker of factory automation equipment, said it would sell two units for a total of $5.2 billion as the company focuses on its high-growth businesses.
Pfizer’s revenue, profit edge past estimates
(Reuters) – Pfizer Inc reported better-than-expected quarterly revenue and profit, driven by sales of newer drugs and the acquisition of hospital products company Hospira.
China regulator says Didi, Uber deal will need Mofcom approval
BEIJING (Reuters) – A merger between Chinese ride-hailing firm Didi Chuxing and the China unit of U.S. rival Uber could face its first hiccup after China’s commerce ministry (Mofcom) said on Tuesday it had not received a necessary application to allow …
Mitsubishi Motors report blames poor governance for mileage scandal
TOKYO (Reuters) – Poor governance at Mitsubishi Motors Corp that pressured resource-starved vehicle engineers to improve fuel efficiency was a root cause of the Japanese automaker’s mileage cheating scandal, an investigation has found.
Credit Suisse, Deutsche index exclusion another blow to European banks
LONDON (Reuters) – Two of Europe’s biggest banks – Credit Suisse and Deutsche Bank – will be dropped from an index of Europe’s top 50 blue-chip companies next week in a further blow to the embattled sector.
European shares hit two-week lows, yen rises as Japan backs stimulus
LONDON (Reuters) – European stocks fell to two-week lows on Tuesday, dragged down by banks, while the yen rose against the dollar and government bonds sold off after Japan’s cabinet approved a fiscal stimulus package to revive the flagging economy.
Carlyle could make a pair of $2 billion acquisitions in Japan: executive
TOKYO (Reuters) – Private equity firm Carlyle Group said it could make a pair of acquisitions in Japan worth $2 billion apiece, a strategic departure from a previous focus on smaller deals as big Japanese firms are gearing up for spinoffs of larger as…
Volkswagen files for U.S. class action suit to be dismissed
FRANKFURT (Reuters) – Volkswagen said on Tuesday it had submitted a motion to dismiss a multi-district litigation case filed with the United States District Court for the Northern District of California.
