Rolls-Royce CEO says cost savings of up to 1 billion pounds possible
FARNBOROUGH, England (Reuters) – Rolls-Royce Chief Executive Warren East, in the process of leading a turnaround plan at the British engine maker, said on Tuesday cost savings of up to 1 billion pounds ($1.3 billion) were possible but there was no tar…
Bank of England records no dissent over lowering bank capital buffer after Brexit vote
LONDON, (Reuters) – No Bank of England policymakers objected to a decision to cut banks’ capital requirements at a meeting in the wake of Britain’s vote to leave the European Union, a record of their meeting showed on Tuesday.
Financial stability should not become Fed’s third mandate: Mester
SYDNEY (Reuters) – Maintaining stability in financial markets should not be an explicit goal for the Federal Reserve, which should use interest rates to head off a crisis only if more precise and better-suited tools fail, a top Fed official said on Tue…
NY Fed, Bangladesh Bank meeting on heist postponed: sources
DHAKA (Reuters) – A meeting between Bangladesh central bank officials and the New York Federal Reserve scheduled for this week to speed up efforts to recover $81 million stolen from Bangladesh Bank’s account at the Fed has been postponed, officials in …
Tesla crash raises stakes for self-driving vehicle startups
DETROIT/SAN FRANCISCO (Reuters) – Concerns raised by the first reported fatality in a semi-automated car were expected to speed adoption of more sensitive technology to help vehicles see and drive themselves safely, increasing demand on the emerging au…
Vanke, partners in talks to pay Blackstone $1.9 billion for property firms
HONG KONG (Reuters) – China Vanke Co Ltd said it and partners are in talks to acquire some commercial property firms from Blackstone Group LP and other third parties for 12.9 billion yuan ($1.9 billion).
IKEA to recall 1.7 million chests, dressers in China: watchdog
SHANGHAI (Reuters) – Swedish furniture company IKEA Group [IKEA.UL] said it would recall 1.66 million chests and dressers in China over concerns the drawers could pose a danger to children if not properly fixed to walls, China’s safety regulator said o…
Pokemon game adds $7.5 billion to Nintendo market value in two days
TOKYO (Reuters) – Shares in Japan’s Nintendo Co Ltd soared again on Monday, bringing market-value gains to $7.5 billion in just two days as investors cheered the runaway success of Pokemon GO – its first long-awaited venture in mobile gaming.
Judge rejects new trial for Sumner Redstone’s ex-girlfriend
LOS ANGELES (Reuters) – An ex-girlfriend of media mogul Sumner Redstone will not be granted a new trial over her lawsuit that challenged the 93-year-old’s mental competence, a California judge said in a tentative ruling on Monday.
China second-quarter economic growth seen cooling to 6.6 percent, weakest in seven years
BEIJING (Reuters) – China’s economic growth likely cooled to a fresh seven-year low of 6.6 percent in the second quarter as the industrial sector loses steam and a boost from financial services fades, according to a Reuters poll of 61 economists.
