Japan says could join China-backed AIIB if conditions met
TOKYO (Reuters) – Japan could consider joining a China-led development bank if it could guarantee a credible mechanism for providing loans, Finance Minister Taro Aso said, the first time Tokyo has signaled it could be part of the institution led by its…
Confidential FTC report found Google anticompetitive tactics: WSJ
SAN FRANCISCO (Reuters) – Key staff members at the U.S. Federal Trade Commission were in favor of suing Google Inc for violating antitrust rules before the agency settled its investigation in 2013, according a confidential report cited by the Wall Stre…
S&P 500 ends lower in Fed rally reversal
NEW YORK (Reuters) – U.S. stocks fell on Thursday as a stronger dollar weighed on oil and other commodity prices, sending energy and materials sectors lower.
BNY Mellon to pay $714 million to settle foreign exchange cases
(Reuters) – Bank of New York Mellon Corp has agreed to pay $714 million to settle allegations that the bank overcharged pension funds and other clients for foreign exchange services, U.S. federal and state authorities said on Thursday.
Carlos Slim bank unit pledges America Movil stock for new loans
MEXICO CITY (Reuters) – A subsidiary of Mexican billionaire Carlos Slim’s Grupo Financiero Inbursa bank has entered two loan agreements for nearly $700 million, pledging America Movil stock as collateral, according to a filing published on Thursday.
Exclusive: Japan tax agency, Hong Kong join FBI in reviewing Universal casino payments
TOKYO/BILOXI, Mississippi (Reuters) – Japan’s tax authorities have begun a review of how slot machine maker and casino developer Universal Entertainment accounted for $40 million in payments made in 2010 to an associate of the Philippines’ top gambling regulator at that time, people with knowledge of the matter told Reuters.
Lufthansa pilot strike grounds most long-haul flights
FRANKFURT (Reuters) – A pilots’ strike grounded more than half of Lufthansa’s lucrative long-haul flights on Thursday, the latest action to pile pressure on management in a protracted row over early retirement benefits and cost cuts.
Continental Resources adds to oil acreage at North Dakota auction
WILLISTON, N.D. (Reuters) – Continental Resources Inc, the second-largest North Dakota oil producer, spent $2.3 million at a state land auction for the right to explore for crude on 160 acres, outbidding its nearest rival with just seconds left on the …
Nike profit beats Street, orders jump
(Reuters) – Nike Inc’s profit beat market estimates as the world’s largest sportswear maker sold more shoes and apparel at higher margins.
U.S. court rules AT&T’s lawyers too late to appeal patent loss
NEW YORK (Reuters) – AT&T Inc was too late to appeal a $40 million loss in a patent infringement case because its lawyers did not read key rulings in time, a federal appeals court said on Thursday.
