Glencore denies media claim it avoided Australia taxes
SYDNEY (Reuters) – Glencore, one of the world’s biggest mining and trading houses, on Friday denied claims by an Australian newspaper that its coal division had paid no taxes in Australia in the past three years on income of A$15 billion ($14.10 billio…
Asia shares shaky, global bond yields down on growth concerns
TOKYO (Reuters) – Asian shares got off to a tentative start on Friday after a weak performance on Wall Street, and global bond yields dropped on creeping doubts on the strength of the U.S. economic recovery.
Obama administration expands affordable housing plan
WASHINGTON (Reuters) – The Obama administration said on Thursday it would tap Treasury funds to bolster the construction of affordable rental housing and extend the life of a program aimed at helping homeowners avoid foreclosure.
Banks withdraw from Barclays’ dark pool: FT
(Reuters) – Big banks have started pulling their business out of Barclays’ dark pool, after the British bank was sued by New York’s top securities regulator for allegedly misleading institutional investors over its anonymous trading venue, The Financial times reported.
Petrobras board member lashes out at gov’t over oil plan
RIO DE JANEIRO (Reuters) – A board member of Brazil’s state-run Petrobras lashed out at the government on Thursday and said he may ask the country’s securities regulator to sanction the oil company for failing to inform him and other board members of a…
Argentina deposits debt payment, but U.S. court blocks payout
BUENOS AIRES (Reuters) – Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a U.S. federal court decided on Thursday not to let the payment go through.
DuPont cuts profit forecast on slow sales in farm business
(Reuters) – Chemicals maker DuPont cut its operating profit forecast for the second quarter and the full year, saying sales in its agriculture and performance chemicals units increased at a slower pace than it had expected.
Despite London acquittals, U.S. probe of News Corp continues
WASHINGTON (Reuters) – More than a year after asking for and receiving emails from News Corp’s U.S. operation related to allegations of phone hacking and bribery, the FBI is still investigating whether British-based representatives of the media company…
Exclusive: Airbus poised to revamp A330 with Rolls-Royce
PARIS (Reuters) – Airbus is very close to a decision to upgrade its A330 with engines provided by Rolls-Royce , setting the stage for a bitter new phase in a battle for wide-body jet orders with Boeing’s 787 Dreamliner, people familiar with the matter …
Ex-McKinsey partner tells of tips in trial of Rajaratnam brother
NEW YORK (Reuters) – A former McKinsey & Co partner whose testimony helped convict Raj Rajaratnam for insider trading returned to court on Thursday to testify against the Galleon Group founder’s younger brother, Rengan Rajaratnam.
