EU Parliament president warns Athens of dramatic consequences if talks fail
BERLIN (Reuters) – European Parliament President Martin Schulz urged Greece in a newspaper interview to accept a proposal by its international lenders for a cash-for-reforms deal, warning Athens that failing to reach an agreement would have “dramatic” …
ECB plans more health checks for banks in 2016: Nouy in paper
BERLIN (Reuters) – Euro zone banks should expect another round of health checks in 2016, the European Central Bank’s top banking supervisor was quoted as saying, adding that Greece’s banks remained solvent.
Three more tendons sink at Chevron’s Big Foot site in U.S. Gulf
(Reuters) – Three more tendons designed to link Chevron Corp’s Big Foot deepwater oil project to the Gulf of Mexico seabed have sunk, escalating concerns about how long it will take for the project to start.
Lunch with Warren Buffett auctioned for $2.35 million
(Reuters) – The chairman of a Chinese company that develops online games has agreed to pay $2,345,678 for a private lunch with billionaire investor Warren Buffett, winning a charity auction.
Greek PM rejects ‘absurd’ offer from lenders, delays IMF payment
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras on Friday spurned “absurd” terms of proposed aid from lenders and delayed a debt payment to the International Monetary Fund, prolonging an impasse that threatens to push Greece into default and out…
Lukewarm stock market has investors betwixt and between
SAN FRANCISCO/NEW YORK (Reuters) – Stock investors are expected to tread carefully next week, as speculation about the timing of a U.S. Federal Reserve interest rate hike adds to concerns about valuations.
Exclusive: In ‘year of Apple Pay’, many top retailers remain skeptical
CHICAGO (Reuters) – In a January earnings call with investors, Apple Inc Chief Executive Tim Cook made a confident prediction: “2015 will be the year of Apple Pay,” he said.
Waltons cement grip on Wal-Mart with new chairman
FAYETTEVILLE, Arkansas (Reuters) – Wal-Mart Stores Inc named the son-in-law of chairman Rob Walton as his successor on Friday, cementing the founding family’s influence over the retailer as shareholders defeated a measure calling for an independent dir…
Strong jobs report gives Wall St. second straight losing week
(Reuters) – The Dow and S&P 500 eased on Friday as increasing expectations the Federal Reserve could raise rates as soon as September offset optimism over a recovery in the U.S. labor market.
OPEC agrees to keep pumping as oil glut fears persist
VIENNA (Reuters) – Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.
