Exclusive: U.S. minimum wage hikes to affect 1,400-plus Walmart stores
CHICAGO (Reuters) – Minimum wage increases across the United States will prompt Wal-Mart Stores Inc to adjust base salaries at 1,434 stores, impacting about a third of its U.S. locations, according to an internal memo reviewed by Reuters.
Japan $29 billion stimulus seeks quick boost for regional economies: draft
TOKYO (Reuters) – Japan aims to give a quick boost to lagging regional economies and low-income households with subsidies, merchandise vouchers and other schemes in a $29 billion stimulus package aimed at rejuvenating a two-year reflationary effort, a …
China offers fresh support for outbound investment
BEIJING (Reuters) – China will simplify currency rules and step up credit support for firms investing overseas, the cabinet said on Wednesday.
U.S. jobless claims fall to seven-week low
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy’s sustained strength.
Buffett-backed BYD’s chairman increases stake, may buy more
SHANGHAI (Reuters) – BYD Co Ltd , the Chinese carmaker backed by Warren Buffett, said on Wednesday its chairman has increased his stake in the company and may buy more shares as a sign of confidence following the stock’s record slump last week.
U.S. mortgage applications rose last week: MBA
(Reuters) – Applications for U.S. home mortgages rose last week as activity picked up and rates fell, an industry group said on Wednesday.
Global stocks rise, dollar strong as U.S. growth lifts holiday mood
LONDON (Reuters) – The strongest growth for the world’s largest economy in over a decade meant there was plenty of pre-Christmas cheer in global markets on Wednesday, as stocks continued their strong run and the dollar hovered at an 8-1/2 year high.
Leading European truckmakers operated cartel for 14 years: FT
(Reuters) – Top European truckmakers operated a cartel for 14 years to delay the progress of emissions-reducing technology, the Financial Times reported, citing leaked documents in a European Commission investigation.
Takata says president stepping down to streamline air bag recall response
TOKYO (Reuters) – Takata Corp , the auto supplier embroiled in a global safety crisis, said Wednesday its president, Stefan Stocker, would step down and its chairman would assume the role to unify the company’s response to the recall of millions of veh…
South Korea indicts Uber CEO, local unit for transport law breach
SEOUL (Reuters) – South Korea has indicted the chief executive officer and local subsidiary of Uber Technologies Inc for violating a law governing public transport, becoming the latest jurisdiction to challenge the U.S. taxi service provider.
