Exclusive: ECB holds Athens lifeline unchanged as Bundesbank protests
FRANKFURT (Reuters) – The European Central Bank held a crucial cash lifeline for Greece unchanged on Thursday, a person familiar with the discussion said, as the head of the Bundesbank objected to the way Greek banks are being funded.
Lack of Greek deal weighs on European stocks
LONDON (Reuters) – Persistent concerns of Greece leaving the euro weighed on European stocks on Thursday, with the lack of progress in negotiations on a cash-for-reform deal for Athens pushing investors towards safe-haven German Bunds.
Oil steadies as stronger demand balances glut
LONDON (Reuters) – Crude oil prices steadied just above $60 a barrel on Thursday as strong demand for oil products helped balance a global overhang of oil for immediate delivery.
SEC and JPMorgan in talks to settle probe regarding product steering: WSJ
(Reuters) – JPMorgan Chase & Co is in talks with the U.S. Securities and Exchange Commission to settle a probe by the agency on whether the bank inappropriately advised its private-banking clients toward its own investment products, the Wall Street Journal reported, citing people familiar with the matter.
McDonald’s plans to sell Taiwan stores to franchise operator
SHANGHAI (Reuters) – McDonald’s Corp said it is aiming to sell all of its 413 Taiwan-based stores to a franchise operator, as the U.S. fast-food chain looks to cut costs globally and turn around its flagging China business.
Toyota, Nissan expand air bag recalls after latest U.S. action
TOKYO (Reuters) – Toyota Motor Corp and Nissan Motor Co said on Thursday they would expand a recall previously issued in North America to the rest of the world to replace potentially deadly passenger-side air bag inflators made by Takata Corp .
Canadian small-business investment shows shift in economy: PayNet
OTTAWA (Reuters) – Small-business investment increased in most parts of Canada in the first quarter, with the exception of two of the country’s most oil-sensitive provinces, as firms adjusted to the fallout of lower crude prices, data from PayNet showe…
Lack of Greek deal weighs on European stocks
LONDON (Reuters) – Persistent concerns of Greece leaving the euro weighed on European stocks on Thursday, with the lack of progress in negotiations on a cash-for-reform deal for Athens pushing investors towards safe-haven German Bunds.
AirAsia CEO Fernandes casts other work aside amid accounting worries
SINGAPORE (Reuters) – AirAsia Bhd boss Tony Fernandes has told staff and analysts he will spend more time working on the budget airline and put his other business and sporting interests to one side, after a report questioning the company’s accounts sen…
Toshiba may add more outside directors after accounting irregularities
TOKYO (Reuters) – Toshiba Corp may appoint more outside board members to improve oversight of its accounts which it is now investigating after finding irregularities, its CEO said on Thursday.
