EU investigates tax rulings on Apple, Starbucks, Fiat
BRUSSELS/LONDON (Reuters) – The European Commission raised pressure on Ireland, the Netherlands and Luxembourg over their corporate tax practices, saying it was investigating deals the countries have cut with Apple, Starbucks and Fiat.
Emirates cancels 70-plane A350 order in blow to Airbus, Rolls
TOULOUSE (Reuters) – Airbus suffered an unexpected reversal for its newest aircraft on Wednesday when Dubai’s Emirates scrapped a $16 billion order for the A350, hitting shares in the European planemaker and engine firm Rolls-Royce.
Pfizer says Astra quest failed due to price
(Reuters) – Pfizer Inc’s chief financial officer on Wednesday said his company failed in its attempted $118 billion takeover of AstraZeneca Plc because they could not agree on the value of the British drugmaker.
U.S. Treasury official asks banks to fight organized crime
(Reuters) – Financial institutions are the “front line” of defense against transnational criminal organizations that rely on the legitimate banking system to hide their stolen or illegal assets, a top U.S. Treasury official said.
China must speed reforms despite potential fallout, says Lew
WASHINGTON (Reuters) – China needs to speed progress towards a more open economy despite potential fallout from needed reforms, U.S. Treasury Secretary Jack Lew said on Wednesday.
Siemens and Mitsubishi in talks on Alstom assets bid
BERLIN (Reuters) – German conglomerate Siemens aims to enlist Japan’s Mitsubishi Heavy Industries for a possible joint bid for parts of Alstom, pulling another global player into the tussle over the French engineering conglomerate.
U.S. safety regulators end daily fines for GM on switch recall
DETROIT (Reuters) – U.S. safety regulators said on Wednesday that General Motors Co no longer has to pay a $7,000 daily fine for its failure to supply required documents about the defective ignition switch linked to at least 13 deaths.
Faulty Takata airbags prompt expanded Toyota recall
TOKYO (Reuters) – Japanese airbag maker Takata Corp’s safety crisis deepened on Wednesday after the world’s biggest carmaker Toyota Motor Corp recalled 650,000 more vehicles in Japan, and the supplier cautioned further fixes may be needed.
Dove-hawk tradeoff could mean earlier rate rise
SAN FRANCISCO/NEW YORK (Reuters) – A possible tradeoff between opposing camps at the U.S. Federal Reserve could bring about an earlier-than-expected interest rate rise while keeping the U.S. central bank’s balance sheet larger for longer.
MasterCard expects big growth from ‘big data’ insights
BERLIN (Reuters) – MasterCard Inc, the world’s second-largest debit and credit card company, sees business booming from selling data to retailers, banks and governments on spending patterns found in the payments it processes, a top executive told Reute…
