UK Labour leader Miliband says HSBC enabled tax avoidance on an ‘industrial scale’
LONDON (Reuters) – HSBC bank enabled tax avoidance on an industrial scale, Britain’s Labour opposition leader Ed Miliband alleged on Wednesday.
Time Warner profit beats estimates as Turner, HBO businesses grow
(Reuters) – Time Warner Inc reported a better-than-expected quarterly profit, helped by higher subscription fees for channels offered by its Turner Broadcasting and Home Box Office (HBO) businesses.
Wal-Mart says to invest C$340 million in Canada
(Reuters) – Wal-Mart Stores Inc said it would invest about C$340 million ($269.16 million) this fiscal year to expand in Canada, lower than what it had budgeted for last year.
Euro, stocks wary ahead of crunch Greece meeting
LONDON (Reuters) – European stocks and the euro fell on Wednesday while the dollar edged higher as euro zone meetings on the Greek debt crisis threatened to give rise to confusion rather than clarity.
U.S. business lobby survey warns of China protectionism
BEIJING (Reuters) – China’s regulators are targeting foreign firms, a majority of respondents said in a survey by an American business lobby, citing protectionism among the top concerns for their operations in the world’s second largest economy.
Shifting goal posts on employment may signal slower Fed rate hikes
SAN FRANCISCO/WASHINGTON (Reuters) – Federal Reserve officials are debating a historic shift in one of its core economic gauges that could lead the central bank to move even slower than now thought once it lifts its rates from rock bottom levels.
Union says little progress in U.S. refinery contract talks
HOUSTON (Reuters) – The United Steelworkers union (USW) said little progress was made in talks with oil companies on Tuesday for a new U.S. refinery workers contract as a strike at 11 plants completed its 10th day, according to a text message issued by…
Petrobras CEO says has ‘full autonomy’, questions graft loss
RIO DE JANEIRO (Reuters) – The new chief executive officer of Brazil’s Petrobras said on Tuesday that he has full autonomy to dictate its own fuel-pricing policy and protect cash, even as he questioned the size of losses stemming from a giant corruptio…
Union says little progress in talks over U.S. refinery contract
HOUSTON (Reuters) – The United Steelworkers union (USW) said little progress was made in talks with oil companies for a new U.S. refinery workers contract as a strike at 11 plants completed its 10th day, according to text message issued by the union.
Chinese economy more sustainable now: China central bank
BEIJING (Reuters) – China’s economy is now more sustainable and domestic consumption is steadily rising, Chinese Central Bank Vice Governor Yi Gang told a G20 meeting of finance officials earlier this week.
