Group calls on U.S. to speed up favorable regulations for autonomous cars
WASHINGTON (Reuters) – A group seeking to reduce U.S. dependence on foreign oil on Thursday called on policymakers to remove regulatory hurdles in order to accelerate the deployment of self-driving cars, as well as revise tax incentives to boost sales …
No pain, no gain: M&S boss to map out rocky road to recovery
LONDON (Reuters) – The new boss of British retailer Marks & Spencer will deliver some uncomfortable truths to investors next week: turning around its clothing business will require yet more costly change and could squeeze short-term profits.
Widening U.S. money fund spread sets stage for $400 billion shift
BOSTON (Reuters) – The difference in yield between prime and government money market funds has widened by 6 basis points since January, according to data released on Wednesday, in a trend expected to accelerate as investors prepare for new rules being …
Now or later? Euro zone, IMF at odds over when Greece should get debt relief
BRUSSELS (Reuters) – The euro zone and International Monetary are struggling with Greece’s debt crisis – not with Athens this time, but with each other over when to give Greece a break on its future massive debt repayments.
Bangladesh Bank official’s computer was hacked to carry out $81 million heist: diplomat
MANILA (Reuters) – A Bangladeshi central bank official’s computer was used by unidentified hackers to make payments via SWIFT, and carry out one of the biggest-ever cyber heists, a Bangladeshi diplomat said on Thursday at the end of a Philippine Senate…
Temasek, CIC-KKR advance to second round of Yum China stake sale: sources
NEW YORK/SINGAPORE (Reuters) – Singapore state investor Temasek Holdings and a consortium that includes China Investment Corp (CIC) and KKR & Co have advanced to a second round of bidding for a minority stake in Yum Brands Inc’s China unit, people familiar with the matter told Reuters.
Prospect of early U.S. rate hike boosts dollar, bashes bonds
LONDON (Reuters) – Revived prospects of an early U.S. interest rate rise, possibly as soon as June, lifted the dollar to a near two-month high on Thursday and left bonds, stocks, commodities and emerging markets all nursing losses.
In meeting with Apple’s Cook, China regulator stresses security
BEIJING (Reuters) – The head of China’s industry and technology regulator stressed Chinese users’ security in a meeting with Apple Inc’s chief executive in Beijing, as the U.S. tech titan stumbles in its biggest offshore market.
Deutsche Bank sees further big legal costs in 2016
FRANKFURT (Reuters) – Deutsche Bank expects further big legal costs this year to deal with a raft of scandals that have hurt profits and dogged its reputation but is coming closer to ending its litigation nightmare, its chief executive said on Thursda…
British fraud investigator widens Rolls-Royce probe to Nigeria: FT
LONDON (Reuters) – Britain’s Serious Fraud Office (SFO) has widened its investigation into Rolls-Royce to examine allegations of suspected bribery in Nigeria, the Financial Times reported on Thursday.
