Exclusive: Takata changes chemical compound involved in air bag recalls
TOKYO/DETROIT (Reuters) – Takata Corp has modified the composition of an air bag propellant that contains a volatile chemical at the center of a recall of millions of cars worldwide, the company told Reuters.
Wal-Mart ‘urgent’ memo urges improvement at U.S. stores: NYT
(Reuters) – Wal-Mart stores Inc issued an “urgent agenda” memo to its store managers across the United States last month, laying out guidelines to boost sales of “chilled and fresh” food, the New York Times reported.
U.S. OCC fines three banks $950 million over forex misconduct
WASHINGTON (Reuters) – A U.S. bank regulator on Wednesday fined three top banks a total of $950 million for failing to prevent employees’ misconduct in foreign exchange trading.
U.S. firms lower China expectations as growth slows, scrutiny rises
BEIJING (Reuters) – U.S. companies, which have led Western investment in China over the last 35 years, are scaling back their expectations and business plans in the face of slowing growth, heightened competition and increased regulatory scrutiny from B…
Fed investigating bank conduct in forex markets
WASHINGTON (Reuters) – The U.S. Federal Reserve is investigating possible improper conduct in foreign exchange markets by large banking institutions, a spokesman said on Wednesday.
U.S. firms lower China expectations as growth slows, scrutiny rises
BEIJING (Reuters) – U.S. companies, which have led Western investment in China over the last 35 years, are scaling back their expectations and business plans in the face of slowing growth, heightened competition and increased regulatory scrutiny from B…
U.S. mortgage applications fall in latest week: MBA
NEW YORK, Nov 12 (Reuters) – Applications for U.S. home mortgages fell last week as interest rates rose, an industry group said on Wednesday.
Pimco could withstand extra $300-$350 billion outflows over two years: Morningstar
NEW YORK (Reuters) – Pacific Investment Management Co can withstand additional outflows of about $300 billion to $350 billion over the next two years before its portfolio management operation is impaired, according to research firm Morningstar Inc on T…
UK regulator fines five banks $1.7 billion after currency rigging probe
LONDON (Reuters) – Britain fined five major banks including UBS and Citigroup 1.1 billion pounds ($1.75 billion) for failings in currency trading in a landmark settlement after a scandal that has roiled the world’s largest market.
Europe markets pull back on FX settlement after Japan stocks climb
LONDON (Reuters) – European shares and core bond yields fell on Wednesday, bucking a strong performance in Japan, with bank stocks under pressure following a landmark $3.4 billion settlement over allegations of price-fixing in currency markets.
