Euro bonds rally, shares sink in Swiss after-shock
LONDON (Reuters) – The shockwaves of Switzerland’s move to ditch its currency cap were still being felt on Friday, as investors made a fresh grab for top-rated government bonds, and world shares and commodities headed for another week of losses.
Standard & Poor’s says Swiss rating unaffected by SNB move
ZURICH (Reuters) – Ratings agency Standard & Poors said on Friday the Swiss National Bank’s shock decision to scrap its three-year-old cap on the franc had no immediate impact on Switzerland’s credit rating.
BP’s fine for 2010 oil spill capped at $13.7 billion
HOUSTON/LONDON (Reuters) – BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion dollars less than feared, after a judge ruled that it was smaller than the U.S. government claimed.
No oil price recovery yet despite U.S. shale slowdown: IEA
LONDON (Reuters) – Oil prices may have further to fall and a rebound could take some time, despite increasing signs that the downtrend will end, possibly in the second half of this year as North American supply growth slows, the West’s energy watchdog …
Alibaba in major initiative to court China consumer for U.S. retailers
SAN FRANCISCO/BEIJING/SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China’s vast and growing middle class.
Unfazed by market swings, Fed sticks to mid-2015 hike scenario
NEW YORK/SAN FRANCISCO (Reuters) – Tumbling oil prices have strengthened rather than weakened the Federal Reserve’s resolve to start raising interest rates around midyear even as volatile markets and a softening U.S. inflation outlook made investors pu…
Japan regulator to weigh possible law revisions in wake of Takata recalls
TOKYO (Reuters) – Japanese Transport Minister Akihiro Ohta said on Friday his ministry was considering whether to revise existing laws to beef up oversight of auto parts suppliers in the wake of massive recalls of auto parts maker Takata Corp’s air bag…
U.S. probed Mt. Gox CEO as possible Silk Road mastermind: agent
NEW YORK (Reuters) – A U.S. agent investigating Silk Road told jurors at a trial of accused operator Ross Ulbricht that he believed in 2013 that the former chief of the Mt. Gox bitcoin exchange, Mark Karpeles, may have been the mastermind behind the bl…
Intel forecasts disappointing revenue; shares fall
(Reuters) – Chipmaker Intel Corp forecast revenue and gross margins for this quarter that disappointed investors, sending its shares down 2.7 percent in extended trading.
Apple, Google settle U.S. poaching lawsuit for $415 million
SAN FRANCISCO (Reuters) – Four Silicon Valley companies including Apple Inc and Google Inc agreed to pay $415 million to resolve an antitrust class action lawsuit by tech workers who accused the firms of conspiring to avoid poaching each other’s employ…
