Honda recalls older Accords with incorrect air bag modules
DETROIT (Reuters) – Honda Motor Co is recalling more than 11,000 decade-old Accord sedans, some of them for the fifth time since 2014, after dealers found the Japanese automaker originally had installed the wrong Takata air bag inflators in some cars…
France seeks G20 tax haven blacklist, EU sanctions on evaders
PARIS (Reuters) – France will seek tougher EU sanctions on people who help to facilitate tax evasion and a G20 blacklist of uncooperative tax havens, the Finance Ministry said on Monday following the Panama Papers leaks.
Britain finds a buyer for one Tata steel plant, saving a third of jobs at risk
LONDON (Reuters) – Tata Steel agreed to sell one of its main British steelworks to investment firm Greybull Capital for 1 pound on Monday, saving a third of the 15,000 jobs placed in jeopardy by the Indian conglomerate’s decision to sell up in Britain…
Microsoft offers first major endorsement of new EU-U.S. data pact
BRUSSELS (Reuters) – Microsoft became on Monday the first major U.S. tech company to say it would transfer users’ information to the United States using a new transatlantic commercial data pact and would resolve any disputes with European privacy watc…
Daily Mail parent in talks with private equity for Yahoo bid
LONDON (Reuters) – Britain’s Daily Mail is in talks with potential partners to mount a joint bid for Yahoo’s internet assets, as it seeks to drive up advertising income from its globally popular websites to counter shrinking print revenue.
Volkswagen aiming to return to debt market as early as May: sources
FRANKFURT (Reuters) – Volkswagen is hoping to return to the bond market as early as May, people familiar with the matter said, aiming to raise billions of euros to replace the costly bank loan it has been relying on in the wake of its emissions test ch…
Chesapeake Energy’s borrowing limit maintained at $4 billion
(Reuters) – Chesapeake Energy Corp said its borrowing limit was reaffirmed at $4 billion, at a time when most oil and gas producers are bracing for steep cuts to their credit lines.
Investors starting to show interest in Russia again: Credit Suisse
MOSCOW (Reuters) – Investors are starting to look at Russia again after cutting off exposure amid geopolitical tensions two years ago, the head of Credit Suisse’s $60 million Russian Equity Fund said.
Mystery deepens over $3.5 billion Malaysia’s 1MDB sent to BVI entity
ABU DHABI/KUALA LUMPUR (Reuters) – The mystery over who controlled a British Virgin Islands-registered company that received $3.5 billion from Malaysia’s scandal-tainted state fund 1MDB deepened on Monday when a company in the Middle East with an almost identical name said the BVI firm did not belong to it.
European stock bounce counters broader market caution
LONDON (Reuters) – A strong rebound in Italian bank shares lifted European and world stocks on Monday, putting the brakes on risk-averse moves that had earlier lifted the yen to a 17-month high against the dollar and pushed German bond yields to a one-…
