U.S. demands EU reconsiders tax probes of its companies
BRUSSELS (Reuters) – U.S. Treasury Secretary Jack Lew called on the European Union to reconsider tax probes targeting U.S. companies on Thursday, arguing that such moves represented disturbing precedents.
PepsiCo revenue beats estimates as sales rise in North America
(Reuters) – PepsiCo Inc reported better-than-expected quarterly net revenue on Thursday as higher sales of snacks and non-fizzy beverages such as Gatorade in North America helped reduce the impact of a strong dollar.
IMF nominates Lagarde to a second term leading agency
WASHINGTON (Reuters) – International Monetary Fund chief Christine Lagarde has been nominated to a second term as the agency’s managing director, the IMF said in a statement on Thursday.
General Motors to resume operations in Egypt
CAIRO (Reuters) – General Motors will resume operations in Egypt on Sunday, the company said on Thursday, after temporarily halting activities earlier in the week due to its inability to source dollars amid the country’s currency crisis.
Yellen: Fed not likely to reverse course on rates despite risks
WASHINGTON (Reuters) – The Federal Reserve is unlikely to reverse its plan to raise interest rates further this year, but tighter credit markets, volatile financial markets, and uncertainty over Chinese economic growth have raised risks to the U.S. eco…
Daimler to invest $2.9 billion for next generation diesel engine
FRANKFURT (Reuters) – Daimler said they will spend 2.6 billion euros ($2.9 billion) by 2019 on developing next generation diesel engines to help the luxury carmaker meet new pollution measuring standards.
HSBC drops plan for 2016 pay freeze in speedy backpedal
LONDON (Reuters) – HSBC , Europe’s largest bank, has dropped plans to freeze pay this year, according to a memo by Chief Executive Stuart Gulliver seen by Reuters, reversing a cost-cutting decision made less than two weeks ago.
Thomson Reuters beats EPS forecast, sees 2016 revenue growth
(Reuters) – Thomson Reuters Corp reported higher-than-expected quarterly profit on Thursday and said it expects its revenue to grow by low single digits in 2016.
Dollar, stocks plunge sparks scramble for safety
LONDON (Reuters) – The dollar hit a 16-month low against the yen on Thursday and headed for its worst week since the Lehman crisis as investors scrambled for relative safety, buying up gold and top-rated bonds and dumping stocks.
Nokia leaves investors in dark over outlook
HELSINKI (Reuters) – Finnish telecom gear maker Nokia warned that demand for new mobile networks would slow this year in China and said it would not give a financial outlook until April following its acquisition of Alcatel-Lucent.
