China says no tough rules for foreign bank card firms
BEIJING (Reuters) – China will not impose tough licensing restrictions on overseas bank card providers seeking to enter the country’s $7 trillion card payment market, a senior central bank official said on Tuesday.
TransCanada blames 2013 pipeline rupture on miscommunication
CALGARY (Reuters) – The rupture of a TransCanada Corp natural gas pipeline in 2013 in Alberta was caused by “miscommunication” between staff and contractors that built the piece of the line that failed, the company said on Monday.
Oil price to rise only gradually to $80 by 2020: IEA
LONDON (Reuters) – Oil is unlikely to return to $80 a barrel before the end of the next decade, despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day, the International Energy Agency said on Tu…
Volkswagen moves to appease angry customers, workers
DETROIT/BERLIN (Reuters) – Volkswagen AG took new steps on Monday to appease U.S. customers and German union leaders unhappy with the company’s response to a sweeping emissions cheating scandal that claimed another high-profile executive.
U.S. government, Electrolux argue at trial over GE appliance deal
WASHINGTON (Reuters) – The government argued Monday that U.S. consumers would pay 5 percent more for ranges and wall ovens if AB Electrolux was allowed to buy General Electric’s appliance business but the companies accused antitrust enforcers of failin…
U.S. government, Electrolux argue at trial over GE appliance deal
WASHINGTON (Reuters) – The government argued Monday that U.S. consumers would pay 5 percent more for ranges and wall ovens if AB Electrolux was allowed to buy General Electric’s appliance business but the companies accused antitrust enforcers of failin…
Wall St. indexes drop 1 percent as rate hike looms
(Reuters) – The S&P 500 index suffered its worst loss in six weeks on Monday as Wall Street braced for an interest-rate hike and fretted about weak Chinese trade data.
Volkswagen moves to appease angry customers, workers
DETROIT/BERLIN (Reuters) – Volkswagen AG took new steps on Monday to appease U.S. customers and German union leaders unhappy with the company’s response to a sweeping emissions cheating scandal that claimed another high-profile executive.
Democrat targets corporate tax-avoidance deals in U.S. Congress
WASHINGTON (Reuters) – Tax-driven “inversion” deals that let companies flee the U.S. tax system by relocating abroad, if only on paper, would be curbed under legislation introduced in Congress, as Pfizer Inc pursues such a deal with rival Allergan Plc …
Pimco urges dismissal of ‘Bond King’ Bill Gross’ lawsuit
(Reuters) – Saying the billionaire known as the “Bond King” should cease engaging in “reputational warfare,” Pacific Investment Management Co said co-founder Bill Gross’ lawsuit accusing it of driving him out so others could divvy up his bonus should b…
