Exclusive: Mexico widens tax evasion probe in wake of Panama Papers – documents
MEXICO CITY (Reuters) – Mexico is widening a probe into tax evasion by requiring banks to hand over names of local clients with transactions in tax havens, documents showed, weeks after the “Panama Papers” cast a spotlight on how the world’s rich and f…
U.S. jobless claims hit 14-month high; analysts blame Verizon strike
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose last week to a more than one-year high, but economists blamed striking telecommunications workers for the surge and said the data did not signal a deterioration in the…
Fed to delay rate hike until September on tame inflation outlook: Reuters poll
(Reuters) – The U.S. Federal Reserve will likely wait until September before raising interest rates again, stretching to nine months the time since its first hike in nearly a decade, as it waits for clear signs inflation is picking up, a Reuters poll f…
Foxconn founder tells Sharp staff layoffs needed to begin revival
TOKYO/TAIPEI (Reuters) – Foxconn founder Terry Gou said there would have to be layoffs at Sharp Corp to turn around the ailing Japanese company, but pledged that wages would rise and profit-sharing would again be the norm.
Nissan buying $2.2 billion controlling stake in scandal-hit Mitsubishi Motors
YOKOHAMA, Japan (Reuters) – Nissan Motor Co has agreed to buy a 34 percent stake in Mitsubishi Motors Corp, taking de facto control with a $2.2 billion bet that bails out its smaller, scandal-hit rival.
Monsanto shares jump on new reports of takeover interest
(Reuters) – Shares of Monsanto Co rallied as much as 12 percent on Thursday on new reports that Bayer AG and BASF SE were interested in acquiring the world’s largest seed producer, highlighting the drive for further consolidation in the sector.
Chesapeake says swapped debt for 4 percent of equity over past week
(Reuters) – Debt-laden Chesapeake Energy Corp , the second-largest U.S. natural gas producer, said on Thursday it had issued or agreed to issue about 4 percent of its outstanding shares in exchange for debt over the past week.
Kerry seeks to soothe European bank nerves over Iran trade
LONDON (Reuters) – U.S. Secretary of State John Kerry told Europe’s top banks they have nothing to fear from resuming business with Iran, as long as they make proper checks on trade partners and pursue “legitimate business”.
Europe follows Asian stocks lower, bond yields fall
LONDON (Reuters) – European shares followed Asian stocks lower on Thursday, hit by sharp falls on Wall Street the previous day, while German government bond yields hit one-month lows as investors sought shelter in low-risk debt.
Exclusive: Hyundai to make low-cost SUVs to battle Chinese rivals – sources
SEOUL (Reuters) – Hyundai Motor and affiliate Kia Motors plan to launch three low-cost sport utility vehicles (SUVs) in China, their biggest market, from next year, people with knowledge of the plans told Reuters.
