China police cracks $4.5 billion underground bank: Xinhua
BEIJING (Reuters) – Chinese police have busted an underground banking network that handled $4.5 billion worth of illegal transactions at Agricultural Bank of China Ltd (AgBank) alone, the official Xinhua News Agency reported on Wednesday.
U.S. GDP growth raised for third quarter
WASHINGTON (Reuters) – The U.S. economy grew at a healthier clip in the third quarter than initially thought, but strong inventory accumulation by businesses could temper expectations of an acceleration in growth in the final three months of the year.
European stocks up, oil slides as concerns ease over Russia-Turkey tension
LONDON (Reuters) – European stocks moved higher and oil prices reversed course and fell 1 percent on Wednesday as investors’ concerns eased over the potential fallout of Turkey’s shooting down of a Russian fighter jet.
Exclusive: Three Goldman bankers leave for Uber as tech world raids Wall Street talent
NEW YORK/SAN FRANCISCO (Reuters) – Three mid-level bankers in Goldman Sachs Group Inc’s technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar wit…
Lufthansa cabin crew union calls off this week’s strike
BERLIN (Reuters) – The main cabin crew union at Lufthansa has called off a strike planned for this week after progress was made in talks with management over retirement and pension benefits.
Toyota to replace Takata airbag inflators previously deemed safe
TOKYO (Reuters) – Toyota Motor Corp on Wednesday said it would replace Takata Corp airbag inflators in 1.6 million cars in Japan that had previously been recalled after concluding that they may still be unsafe.
New agonies, alliances as Fed debates post-liftoff plan
NEW YORK (Reuters) – Federal Reserve officials, who are expected to raise interest rates next month, are already sketching out positions for a post-liftoff debate that may blur the lines between inflation “hawks” and “doves” and make the Fed’s policy l…
Boeing says to roll out first 737 MAX in early December
(Reuters) – Boeing Co said it plans to roll out its first 737 MAX jetliner on Dec. 8 from its Renton factory in Washington.
Peltz’s activist fund Trian to end quarterly redemptions: sources
(Reuters) – Trian Fund Management LP, the activist hedge fund run by billionaire investor Nelson Peltz, is ending quarterly redemptions by its new investors, according to people familiar with the matter, in order to lock in money for longer periods.
Wall Street ends higher, driven by energy amid global tension
(Reuters) – U.S. shares closed higher on Tuesday as energy stocks rose along with oil prices after Turkey shot down a Russian warplane near the Syrian border.
