New York probes broadband speeds
(Reuters) – The New York attorney general is probing whether three major Internet providers could be short-changing consumers by charging them for faster broadband speeds and failing to deliver the speeds being advertised, according to documents seen b…
Yellen, consensus-builder, needs to send strong signal at Fed meet
SAN FRANCISCO (Reuters) – Federal Reserve Chair Janet Yellen, praised as an adept listener and consensus builder, may need to adopt a stronger tone at this week’s policy meeting if she expects to keep a December interest rate rise in play.
Philips $3.3-billion sale of Lumileds to Go Scale in doubt
AMSTERDAM (Reuters) – Philips said on Monday the sale of its $3.3-billion Lumileds business to Go Scale Capital was uncertain, due to U.S. government concerns.
China leaders meet to discuss financial reforms, economic growth
BEIJING/SHANGHAI (Reuters) – China’s ruling Communist Party opened a key meeting on Monday that will focus on financial reforms and how to maintain growth of around seven percent and more broadly map out economic and social targets for the next five ye…
U.S. money laundering probe into Deutsche Moscow unit widens: FT
(Reuters) – U.S. regulators are expanding their probe into Deutsche Bank AG as a money laundering investigation of a Moscow unit has widened into possible sanctions violations, the Financial Times reported, citing sources.
StanChart says to exit equity derivatives, convertibles businesses
HONG KONG (Reuters) – Standard Chartered said on Monday it plans to exit from its equity derivatives and convertible bonds businesses, following a step earlier this year to close the bulk of its global equities operations.
A China twist: why are malls closing if consumption is rising?
SHANGHAI/HONG KONG (Reuters) – The Di Mei shopping center in downtown Shanghai is a surprisingly depressing place to shop.
Legal tangle in California may shed light on specialty pharmacies
NEW YORK (Reuters) – As Valeant Pharmaceuticals prepares to defend its drug sales practices to Wall Street on Monday, new details are emerging about the tangled relationships – and litigation – among Valeant’s specialty pharmacy partners.
Alibaba results likely to dim outlook for China consumer spending
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd’s second-quarter revenue growth is likely to have slumped to half the year-earlier rate, undermining hopes consumer spending will temper a slowdown in the world’s second-biggest ec…
A China twist: why are malls closing if consumption is rising?
SHANGHAI/HONG KONG (Reuters) – The Di Mei shopping center in downtown Shanghai is a surprisingly depressing place to shop.
