India tax officials search HSBC’s Mumbai headquarters amid Swiss allegations: source
MUMBAI (Reuters) – Indian tax officials searched the Mumbai headquarters of HSBC Holdings PLC last week as part of a probe related to allegations that the bank’s Swiss business helped clients dodge taxes, a person with knowledge of the matter said on T…
Exclusive: Greece reform plan offers major compromises
BERLIN (Reuters) – Greece has promised not to roll back any ongoing or completed privatizations and ensure that any state spending to address a “humanitarian crisis” does not hurt its budget, according to a document containing its reform plans seen by …
Toll Brothers profit beats estimates on higher home sales
(Reuters) – Toll Brothers Inc , the largest U.S. luxury homebuilder, reported a higher-than-expected quarterly profit and raised the low end of its full-year home delivery forecast as housing demand strengthened.
Airbus mulls A320 output hike to 50/month from 2017: source
PARIS (Reuters) – European planemaker Airbus is talking to suppliers about the possibility of raising production of its popular A320 family to 50 jets a month as early as 2017, narrowing a gap with rival Boeing , a senior industry source said on Tuesda…
Visa Europe plans new security that could pave way for Apple Pay
FRANKFURT (Reuters) – Visa Europe has announced a new, more secure way for consumers to pay retailers via smartphones, a move that could set the stage for Apple’s Apple Pay and rival mobile payment services to be introduced into Europe in the coming mo…
Banks face scrutiny over pricing of precious metals: WSJ
(Reuters) – The U.S. Department of Justice (DoJ) and the Commodity Futures Trading Commission are investigating at least 10 major banks for possible rigging of precious-metals markets, the Wall Street Journal reported, citing people close to the inquir…
Exclusive: Local bankers emerge as Fed ally in fight against audit bill
COLUMBUS, Ohio (Reuters) – Local bankers are joining the fight against a congressional proposal to audit the U.S. Federal Reserve’s policy decisions, with more expected to lobby against the bill if it gains traction in Washington.
CN Rail reaches tentative deal with union, averting lockout
TORONTO/GATINEAU, Quebec (Reuters) – Canada’s biggest railway reached a last-minute tentative agreement with one of its unions on Monday, averting a lockout that threatened to delay imports from Asia and compound a U.S. West Coast port logjam.
Florida companies push U.S. to license ferry services to Cuba
MIAMI (Reuters) – Catamaran builder Brian Hall is too young to remember when ferries plied the route between Florida and Cuba in the 1950s, but he has plans to be among the first to revive the once-popular route.
Rent walkouts point to strains in U.S. farm economy
CHICAGO (Reuters) – Across the U.S. Midwest, the plunge in grain prices to near four-year lows is pitting landowners determined to sustain rental incomes against farmer tenants worried about making rent payments because their revenues are squeezed.
