ECB’s money printing may stymie cash generators
LONDON (Reuters) – The European Central Bank may well be printing money via its landmark government bond buying program, but it could also be destroying some of the financial system’s own printing presses in the process.
Nasdaq sees tech partnership with HKEx in derivatives link-up
JAKARTA (Reuters) – Securities exchange operator NASDAQ OMX Group Inc is a “natural partner” for its Hong Kong counterpart should the latter need technological assistance for derivatives link-ups with other exchanges, Nasdaq President Adena Friedman sa…
Asian business sentiment steady in first quarter as U.S. rate hike fear keeps firms in check
SHANGHAI (Reuters) – Concern over a U.S. interest rate hike kept sentiment in check at some of Asia’s biggest firms, as optimism about the outlook for business over the next six months was near steady in the first quarter, a Thomson Reuters/INSEAD surv…
Caesars warns creditor lawsuits may endanger ‘going concern’ status
(Reuters) – Casino company Caesars Entertainment Corp , whose operating unit is in bankruptcy, warned on Monday that the litigation stemming from its restructuring efforts could hamper its ability to continue operating as a going concern.
Toyota joins Japan peers in agreeing to higher base-pay raises
TOKYO (Reuters) – Japanese auto maker Toyota Motor Corp said on Wednesday it would raise the monthly base salary for workers by 4,000 yen ($33), its biggest hike in over a decade, joining other major domestic firms in agreeing to larger rises in annual…
U.S. urges allies to think twice before joining China-led bank
BERLIN/WASHINGTON (Reuters) – The United States has urged countries to think twice before signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying…
U.S. judge taps lead lawyers for Takata air bag cases
NEW YORK (Reuters) – Four plaintiffs’ lawyers, including high-profile attorney David Boies, were appointed by a federal judge on Tuesday to lead civil litigation against Takata Corp and several car manufacturers for injuries caused by allegedly faulty air bags.
U.S. urges allies to think twice before joining China-led bank
BERLIN/WASHINGTON (Reuters) – The United States urged countries on Tuesday to think twice about signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in …
Oracle sales flat, lifts dividend; shares rise
SEATTLE (Reuters) – Oracle Corp posted flat third-quarter revenue and slightly lower profit as the U.S. dollar strengthened, but the business software maker on Tuesday raised its quarterly dividend 25 percent to 15 cents a share.
U.S. Republican budget cuts social spending, boosts military
WASHINGTON (Reuters) – U.S. House Republicans on Tuesday proposed higher defense spending and deep cuts to social services including healthcare for the poor in an aggressive new budget plan that seeks to eliminate deficits by 2024.
