Airbus says no plans to make offer for stake in Russian Helicopters
PARIS (Reuters) – Airbus Group has not expressed an intention to take a stake in Russian Helicopters, an Airbus spokesman said on Sunday.
Countries look to draw expatriate cash with ‘diaspora bonds’
LONDON (Reuters) – A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing “diaspora bonds”, a funding strategy successfully pioneered by India and Israel but sometimes tricky to imitate.
IMF members urge ‘growth-friendly’ spending, new lending tools
WASHINGTON (Reuters) – The International Monetary Fund’s steering committee on Saturday urged member countries to boost “growth-friendly” spending and said the Fund should explore new lending tools to help deal with slowing global growth.
Japan’s pitch for FX action meets cool G20, U.S. response
WASHINGTON (Reuters) – Japan’s efforts to seek informal consent to act against an unwelcome yen rise bore little fruit, with the United States offering a cool response to concerns voiced by Tokyo that the currency’s gains are too sharp and may justify …
Saudi remarks on oil surge test prospects for output freeze
DOHA (Reuters) – Saudi Arabia’s top oil official, Deputy Crown Prince Mohammed bin Salman, said Riyadh could boost output immediately and almost double it long term, in comments that could threaten the signing of a global production freeze deal planned…
U.S. Treasury readies new tax rules as G20 vows to fight evasion
WASHINGTON (Reuters) – The U.S. Treasury Department is finalizing new tax rules aimed at combating the use of shell companies to evade taxes, U.S. Treasury Secretary Jack Lew said on Saturday amid increased pledges by global finance leaders to cooperat…
United Airlines gate agents, baggage handlers approve new contract
NEW YORK (Reuters) – United Continental Holdings Inc and its union said Saturday that workers voted in favor of contracts hiking the pay of some 30,000 baggage handlers, gate agents and other groups, a dramatic reversal from a year ago when the No.3 U…
Volkswagen increases discounts after emissions scandal: report
BERLIN (Reuters) – Volkswagen AG is offering bigger discounts in its home market to try to lure back customers after the automaker admitted using software to allow diesel vehicles to cheat emissions tests, a German trade magazine reported on Saturday….
Iran will not attend Doha oil freeze talks on Sunday: sources
DOHA (Reuters) – Iran will not attend a meeting between OPEC and non-OPEC member countries about freezing oil output levels in Qatar on Sunday, two sources familiar with the situation told Reuters.
Investors look for trough in profit downturn
NEW YORK (Reuters) – As earnings season shifts into high gear next week in what is expected to be the weakest U.S. quarterly results reporting period since 2009, the hope among some is that this is as bad as it’s going to get.
