U.S. existing home sales at nine-month low, supply limited
WASHINGTON (Reuters) – U.S. home resales fell sharply to their lowest level in nine months in January amid a shortage of properties on the market, a setback that could temper expectations for an acceleration in housing activity this year.
Stocks rise, safe-haven Swiss franc falls on Greek deal
LONDON (Reuters) – Shares rose and the safe-haven Swiss franc fell against the euro on Monday after Greece reached a conditional deal with its international partners to avert an immediate financial crisis.
Apple to spend $1.9 billion on new European data centers
(Reuters) – Apple Inc said it would spend 1.7 billion euros ($1.9 billion) to build two data centers in Europe that would be entirely powered by renewable energy and create hundreds of jobs.
Greece discussing reforms with partners to ensure acceptance: government
ATHENS (Reuters) – Greece is discussing its list of reforms including measures to tackle tax evasion and corruption with international partners to ensure it is accepted, government spokesman Gabriel Sakellaridis said on Monday.
HSBC may face extra $1 billion in FX fines, U.S. compensation costs
LONDON (Reuters) – HSBC Holdings Plc has set aside $550 million more to cover potential fines for alleged manipulation of foreign exchange markets and warned it could face a $500 million bill to compensate U.S. customers sold debt protection products.
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.
Sanofi under fire in France over new CEO’s pay package
PARIS (Reuters) – French pharmaceuticals group Sanofi came under fire from French government ministers on Monday over a welcome bonus planned for its new CEO.
Fed rate rise timing back in the spotlight
LONDON (Reuters) – Greece’s struggles with its euro zone creditors have grabbed much of the world’s attention, but U.S. Federal Reserve Chair Janet Yellen is likely to reclaim the spotlight as the week progresses with testimony on a long-anticipated sh…
Honda CEO Ito to step down, replaced by low-profile engineer
TOKYO (Reuters) – Honda Motor Co Chief Executive Takanobu Ito will step down in late June after six years in the top post and be succeeded by Managing Officer Takahiro Hachigo, a low-profile engineer with global experience, the company said in a surpri…
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.
