Europe down after Russia sanctions, ECB; Wall St fades
NEW YORK (Reuters) – European shares and the euro fell on Thursday and investors moved to safe-haven government debt after a stronger-than-expected move by Russia to ban certain imports from Europe and the United States.
U.S. taxpayers to get another big check from Fannie Mae, Freddie Mac
WASHINGTON (Reuters) – Government-controlled mortgage finance firms Fannie Mae and Freddie Mac made enough money in the second quarter to give taxpayers $5.6 billion in dividends, a sign they can turn substantial profits even in a lackluster housing ma…
China loses appeal of WTO ruling on exports of rare earths
GENEVA (Reuters) – China lost an appeal at the World Trade Organization in a case brought by the United States, the European Union and Japan to challenge China’s restrictions on exports of rare earths, according to a WTO Appellate Body ruling published…
U.S. regulators demand improved risk controls at Deutsche Bank: WSJ
(Reuters) – U.S. banking regulators have ordered Deutsche Bank AG to improve its compliance systems and risk controls, the Wall Street Journal reported, citing people familiar with the matter.
GM to debut next version of slow-selling Volt hybrid in January
DETROIT (Reuters) – General Motors Co said Thursday it will show the next-generation of its slow-selling Chevrolet Volt hybrid electric car in January.
Special Report: How scams and shakedowns brought Ukraine to its knees
KIEV (Reuters) – Late last year, Ukraine’s consumer protection agency began filing lawsuits against Foxtrot, the country’s largest electronics retailer. By early March, Foxtrot faced at least 231 separate suits that demanded fines totaling more than $150 million.
BofA said to be near $16 billion deal with U.S. over mortgage bonds
(Reuters) – Bank of America Corp is close to a deal with the U.S. Department of Justice to pay more than $16.5 billion to end investigations into mortgage securities that the bank and companies it bought sold in the run-up to the financial crisis, a pe…
ECB says Ukraine crisis threatens EU recovery, keeps rates low
FRANKFURT (Reuters) – The Ukraine crisis has heightened risks to the euro zone’s weak and uneven economic recovery, and a tit-for-tat sanctions war could compound the problem, the European Central Bank said on Thursday as it held borrowing rates at rec…
U.S. jobless claims fall; four-week average hits 8-1/2-year low
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to a further strengthening of labor market conditions.
Goldman Sachs says alternative trading system being investigated
(Reuters) – Goldman Sachs Group Inc said it was being investigated for its U.S. alternative trading system and for the potential misuse and circulation of non-public information related to its corporate developments.
