EU to investigate McDonald’s tax deals with Luxembourg
BRUSSELS (Reuters) – EU antitrust regulators will investigate McDonald’s tax deals with Luxembourg which enabled the U.S. fastfood chain to escape paying taxes on European franchise royalties from 2009, in a move which could lead to hefty back taxes fo…
After Yellen’s teaser, markets hope for Draghi the easer
LONDON (Reuters) – Investors were hoping for another bit of Mario Draghi magic on Thursday, after risk assets were left bruised by comments from the head of the Federal Reserve that she was “looking forward” to hiking U.S. rates.
AB InBev seeks to sell SABMiller’s Grolsch, Peroni brands
BRUSSELS (Reuters) – Anheuser-Busch InBev is looking to sell SABMiller’s Grolsch and Peroni brands to address potential concerns among European competition regulators over its planned acquisition of the world’s second largest brewer.
Oil rises on report of Saudi proposal to balance market next year
LONDON (Reuters) – Oil prices rose from near-2015 lows on Thursday after a report sourced to a senior OPEC delegate said Saudi Arabia would propose a deal to balance oil markets with non-OPEC help next year.
ADB chief doesn’t expect Fed hikes to trigger Asian financial crisis
TOKYO (Reuters) – Asian Development Bank President Takehiko Nakao said on Thursday he did not expect U.S. interest rate rises to trigger a financial crisis in Asia, but the bank remains ready to lend support to vulnerable countries.
GE in talks to sell its commercial lending and leasing business in Germany, France
(Reuters) – GE said on Thursday it had signed a memorandum of understanding with Banque Federative du Credit Mutuel (BFCM) for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany.
U.S. law saves billions on credit card fees, but risks remain: CFPB
WASHINGTON (Reuters) – Credit card holders have avoided more than $16 billion in fees over the last few years because of tighter regulation of the U.S. card market, but they are still vulnerable to aggressive collections and high costs, according to a …
Brazil’s Petrobras says 32 firms banned from working with it
RIO DE JANEIRO (Reuters) – Thirty-two companies are currently banned from doing work for Brazil’s state-run oil company Petroleo Brasileiro SA because of an ongoing corruption investigation, the oil firm’s head of governance João Elek said on Wednesday.
Exclusive: Top investors question whether Viacom’s Redstone should step down
NEW YORK (Reuters) – Two of the largest shareholders in Viacom Inc have made the highly unusual move of publicly questioning Sumner Redstone’s mental fitness to remain executive chairman of the multi-billion dollar media company.
Target in $39.4 million settlement with banks over data breach
(Reuters) – Target Corp has agreed to pay $39.4 million to resolve claims by banks and credit unions that said they lost money because of the retailer’s late 2013 data breach.
