Pimco’s Gross says returns on risk assets depend on Fed
NEW YORK (Reuters) – Pimco’s Bill Gross, manager of the world’s largest bond fund, said Tuesday that risk assets such as stocks and high-yield bonds will outperform this year if the U.S. Federal Reserve and other central banks can convince investors th…
Japan to regulate and tax Bitcoin trades: Nikkei
(Reuters) – The Japanese government will set rules for trading bitcoin, including imposing taxes on transactions with the virtual currency, that will become the basis for guidelines applicable to similar currencies in future, the Nikkei reported.
UK lawyer says ‘hundreds’ ready for bitcoin class action
PARIS (Reuters) – More than 400 people have signaled they would join a class action against Mt. Gox, the world’s biggest marketplace for the digital currency bitcoin before its abrupt collapse, British-based law firm Selachii said.
Carmakers fear emerging markets gloom could overshadow European rebound
GENEVA (Reuters) – French carmaker Renault has trimmed its growth forecast for the global market this year as the industry becomes increasingly worried about volatile emerging markets just when demand in Europe is starting to pick up.
Facebook in talks to acquire drone company for $60 million: reports
SAN FRANCISCO (Reuters) – Facebook Inc is in talks to buy drone maker Titan Aerospace for $60 million, according to media reports.
Deutsche Bank must speed up reforms: board member
FRANKFURT (Reuters) – Deutsche Bank needs to speed up restructuring and reforms to meet targets it set out for itself for 2015, management board member Stephan Leithner said on Tuesday.
Apple CFO Oppenheimer to retire in September, Maestri to take over
(Reuters) – Apple Inc said Chief Financial Officer Peter Oppenheimer will retire at the end of September, handing over to Corporate Controller Luca Maestri in what Chief Executive Tim Cook described as an orderly succession put in place by his CFO.
Banks must accept risk weights need fixing: Basel’s Ingves
LONDON (Reuters) – Changes to how banks add up risks on their books to determine capital levels are inevitable and lenders must acknowledge there is a problem to be fixed, a global banking supervisor said on Tuesday.
U.S. NHTSA closes probe of 1.6 million Ford vehicles
(Reuters) – Federal safety investigators said on Tuesday they have closed an investigation that could have led to a recall of about 1.6 million Ford Motor Co sedans and crossover vehicles.
At Roche, ex-airline boss Franz promises continuity
BASEL (Reuters) – Outgoing Lufthansa boss Christoph Franz vowed to keep Roche on its current course after shareholders overwhelmingly elected him as chairman of the Swiss drugmaker.
