Consumer confidence rises in May
NEW YORK (Reuters) – U.S. consumer confidence rose in May, according to a private sector report released on Tuesday.
Solid business spending plans offer ray of hope for factories
WASHINGTON (Reuters) – A gauge of U.S. business investment spending plans increased solidly for a second straight month in April, a hopeful sign for manufacturing activity after a long spell of weakness.
Altice’s ambitions for U.S. undimmed after Time Warner Cable setback
PARIS (Reuters) – Patrick Drahi, the billionaire owner of deal-hungry European telecoms group Altice , will not let missing out on Time Warner Cable dissuade him from further expansion in the United States, people familiar with the situation said.
Germany sees progress on Greece, EU officials to confer on Thursday
BERLIN/BRUSSELS (Reuters) – A senior German official said on Tuesday there was no reason to believe Greece would be in default after a 300 million euro payment to the IMF falls due on June 5.
More Swiss banks to settle with U.S. DoJ in near future: official
GENEVA (Reuters) – More Swiss banks are expected to settle with the U.S. Department of Justice “in the near future” to avoid prosecution on charges of helping U.S. account holders hide their assets from the tax authorities, a senior Swiss finance minis…
Oil drops below $65 on U.S. shale outlook, dollar
LONDON (Reuters) – Oil fell below $65 a barrel on Tuesday, pressured by the possibility that U.S. shale oil producers could increase drilling activity and by a stronger dollar.
Amazon pays $16 million tax in Germany, while making $11.9 billion sales
LONDON (Reuters) – Internet retailer Amazon.com Inc.’s main German operating unit paid just 11.9 million euros ($16 million) in tax in 2014, despite the group recording $11.9 billion in sales to German customers last year, regulatory filings show.
Dollar hits one-month high as periphery woes weigh on Europe
LONDON (Reuters) – Greece’s financial crisis and signs of growing opposition to austerity in Spain sent the euro to its lowest level in a month on Tuesday, while shares and commodities took a knock as the dollar powered higher.
AstraZeneca hit after psoriasis drug linked to suicide fears
LONDON (Reuters) – AstraZeneca’s hopes of topping $45 billion in revenue by 2023 have been dealt a blow by a problem with an experimental psoriasis drug that the drugmaker had viewed as a potential billion-dollar plus seller.
Skype summoned to Belgian court over failure to share call data
BRUSSELS (Reuters) – Online communication service Skype has been summoned to appear in court in Belgium after refusing to pass on customer data to aid a criminal investigation, a court spokesman said.
