Volkswagen to halt sales of most vehicles in South Korea amid emissions probe
SEOUL (Reuters) – Volkswagen will suspend sales of most of its vehicle models in South Korea from July 25, as pressure builds on the German automaker over its falsified emissions tests.
MasterCard may apply for China payment license this year
BEIJING (Reuters) – MasterCard Inc hopes to apply this year to become a payment service provider in China after the government opened the market, but the company is still weighing whether to do so alone or with a partner, senior executives said on Fri…
Global stocks slip from highs; focus on G20, PMIs
LONDON (Reuters) – Shares fell on Friday after soft U.S. corporate results pulled Wall Street back from record highs, and as a string of data gave investors one of the first glimpses of the impact on global economic activity of Britain’s vote to leave …
S&P 500 companies start facing up to the potential Brexit costs
SAN FRANCISCO/NEW YORK (Reuters) – U.S. companies, facing investors in their first earnings reporting season since Great Britain voted to leave the European Union, are broadly conceding that the so-called “Brexit” could weigh on profits.
Aetna, Humana map legal strategy to salvage merger
NEW YORK (Reuters) – Health insurer Aetna Inc , whose $33 billion purchase of Humana Inc has been spurned by the U.S. government, faces a tough but not impossible legal battle to try to reinstate the deal.
Peter Thiel tells Republican convention he is ‘proud to be gay’
SAN FRANCISCO (Reuters) – Silicon Valley investor Peter Thiel, the only big-name supporter of Donald Trump from the country’s technology hub, spoke on Thursday at the Republican National Convention to urge the country to discard petty cultural battles …
U.S. moves to block massive health insurer deals led by Anthem, Aetna
NEW YORK (Reuters) – U.S. antitrust officials on Thursday moved to block an unprecedented consolidation of the national health insurance market, filing a lawsuit against Anthem Inc’s proposed purchase of Cigna Corp and Aetna Inc’s planned acquisitio…
Forecasts of convention bonanza fall short for Cleveland businesses
CLEVELAND (Reuters) – Along a cobblestoned row of restaurants near the Cleveland arena hosting this week’s Republican National Convention, the crowds on the sidewalk were shoulder to shoulder.
U.S. sides with HSBC to block release of money laundering report
NEW YORK (Reuters) – The U.S. government asked a federal appeals court on Thursday to block the release of a report detailing how HSBC Holdings Plc is working to improve its money laundering controls after the British bank was fined $1.92 billion.
Goldman Sachs raising $5 billion-$8 billion for private equity fund: source
(Reuters) – Goldman Sachs Group Inc will start marketing a new corporate buyout fund of $5 billion to $8 billion, its first such fund since the 2008 financial crisis, according to a source familiar with the matter.
