Airbus plays down A380 cutback as storm clouds gather
FARNBOROUGH, England (Reuters) – Airbus sought to reassure investors on Wednesday that its decision to cut production of the world’s biggest passenger jet, the A380, would not badly hurt the group, while bracing for fresh losses on a second flagship Eu…
U.S. Republicans urge penalties for China firm over Iran exports
WASHINGTON (Reuters) – More than a dozen U.S. Republican lawmakers on Wednesday urged the Obama administration to impose penalties on the Chinese telecommunications equipment maker ZTE Corp for alleged violations of Iran export controls.
New U.S. bill to tax financial trading brings campaign issue to the fore
WASHINGTON (Reuters) – U.S. Representative Peter DeFazio on Wednesday unveiled legislation to tax financial trades that will likely wither in Congress but could stoke partisan fires in the presidential election.
Exclusive: China’s Wanda shows interest in Viacom’s Paramount – sources
(Reuters) – Chinese real estate and entertainment conglomerate Dalian Wanda Group has held talks with Viacom Inc about acquiring a minority stake in its Paramount Pictures unit, according to two people familiar with the situation.
SunEdison retirement plan takes hit on company stock investments
BOSTON (Reuters) – Participants in SunEdison Inc’s $155 million retirement plan suffered heavy losses on their investments in company stock last year in the months before the renewable power plant developer landed in bankruptcy.
Many fear changes to U.S. SEC’s in-house trials are not enough
WASHINGTON (Reuters) – The top U.S. securities regulator on Wednesday tried to respond to complaints that the deck is stacked against defendants at in-house trials by approving the first major revisions to its administrative proceedings in two decades….
First U.S. trader convicted of spoofing sentenced to three years in jail
CHICAGO (Reuters) – A U.S. judge sentenced futures trader Michael Coscia to three years in prison on Wednesday, a lighter punishment than prosecutors had sought for the first person criminally convicted of the manipulative trading practice of spoofing….
Oil down 4 percent; U.S. stockpile data feeds glut warning
NEW YORK (Reuters) – Oil markets tumbled more than 4 percent on Wednesday, erasing most of the previous session’s gain, as a raft of bearish U.S. inventory data heightened concerns about a global glut.
U.S. economy shows few signs of sustained inflation pressure: Fed
WASHINGTON, (Reuters) – The U.S. economy continued to expand from mid-May through the end of June but there was little indication that inflation would surge any time soon, the Federal Reserve said on Wednesday.
Bank of England readies new blast of QE for post-Brexit Britain
LONDON (Reuters) – Hailed by investors as a weapon to fight off recession but slammed by critics for fuelling inequality, quantitative easing looks set for a comeback in Britain as the Bank of England tries to shield the economy from the fallout of Bre…
