Special Report: UK banks say ‘smart’ clients don’t deserve compensation
LONDON (Reuters) – Scott Wotherspoon runs a small tiling firm in Scotland. In 2008, when he bought a shopfitting company, he asked his accountants to check its books. There was no problem with the shopfitter. But Wotherspoon was about to run into troub…
OECD sees gradual world recovery, urges ECB to do more
PARIS (Reuters) – The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday.
European shares at two-month high, oil flat ahead of OPEC
LONDON (Reuters) – Bets on more central bank support kept European shares at a two-month high and the region’s bond yields at record lows on Tuesday, as oil prices hovered at just under $80 a barrel ahead of an OPEC meeting this week.
In wake of China rejections, GMO seed makers limit U.S. launches
(Reuters) – China’s barriers to imports of some U.S. genetically modified crops are disrupting seed companies’ plans for new product launches and keeping at least one variety out of the U.S. market altogether.
Visteon in talks to sell South Korean unit to local PE firm
SEOUL (Reuters) – U.S. automotive parts maker Visteon Corp was in talks to sell a controlling stake in its South Korean unit Halla Visteon Climate Control Corp to a local private equity firm, Halla Visteon said in a regulatory filing on Tuesday.
Japan transport min sets up task force to deal with air bag recalls
TOKYO (Reuters) – Japan’s transport ministry last week set up a special task force to deal with air bag-related recalls and has urged automakers to speed up replacements of potentially defective Takata-made air bag inflators, Transport Minister Akihiro…
Honda admits under-reporting serious U.S. accidents since 2003
DETROIT/NEW YORK (Reuters) – Honda Motor Co failed to notify U.S. safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003, the automaker acknowledged on Monday.
Exclusive: U.S. prosecutors to interview London FX traders – sources
LONDON/WASHINGTON (Reuters) – U.S. prosecutors will travel to London in the coming weeks to interview traders about currency market manipulation, the latest sign that authorities are closer to filing criminal charges stemming from the long-running prob…
United Tech CEO steps down, replaced by CFO in abrupt change
(Reuters) – United Technologies Corp Chief Executive Officer Louis Chenevert has retired immediately and is being replaced by the company’s finance chief, the diversified U.S. manufacturer said on Monday, an abrupt change that caught Wall Street off gu…
Some fund managers see oil falling to $60 without OPEC cut
LONDON (Reuters) – Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant output cut when it meets in Vienna this week.
