U.S. budget deal gets cautious thumbs-up
LONDON (Reuters) – Financial markets gave a cautious thumbs-up on Wednesday to a provisional budget deal that could prevent the U.S. government from shutting down in the coming months.
India court to rule on seized Nokia plant on Thursday
(Reuters) – An Indian court ruling expected on Thursday could determine whether Nokia will be free to transfer a phone-making factory to Microsoft Corp or pay as much as $3.4 billion in disputed taxes.
Rio Tinto says has already exceeded 2013 cost saving target
LONDON (Reuters) – Global mining company Rio Tinto told investors on Wednesday that it had already last month exceeded its 2013 target of cutting $2 billion of operating costs.
Alibaba to extend $8 billion loan to end 2014, buying more time for IPO: sources
HONG KONG (Reuters) – Alibaba Group Holding Ltd said on Wednesday it is seeking to extend the draw-down period of an $8 billion loan from January next year, a move people familiar with the e-commerce company’s plans said would buy it more time to launc…
U.S. budget deal could usher in new era of cooperation
WASHINGTON (Reuters) – A bipartisan budget deal announced in the U.S. Congress on Tuesday, though modest in its spending cuts, would end three years of impasse and fiscal instability in Washington that culminated in October with a partial government sh…
RBS finance chief Bostock quits to join Santander UK
(Reuters) – Royal Bank of Scotland said its Finance Director Nathan Bostock will leave to rejoin Spanish bank Santander after just 10 weeks in the job, dealing a blow to the state-backed lender’s turnaround efforts.
U.S. fund industry sees modest wins in final Volcker rule
(Reuters) – Banks and asset managers scored some small victories after U.S. regulators narrowed the scope of a provision in the Volcker rule that restricts banks’ ownership stake in hedge funds and private equity funds.
Bank Coop says will participate in U.S. tax probe
ZURICH (Reuters) – Bank Coop on Wednesday became the latest Swiss bank to say it would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts.
GM to halt car production in Australia, industry in crisis
SYDNEY/MELBOURNE (Reuters) – General Motors Co said it would stop making cars in Australia by 2017 due to high costs and a cripplingly strong currency, fuelling fears rival Toyota Motor Corp will follow suit and put the entire local autos industry at r…
BOJ tankan seen showing improved business mood, capex
TOKYO (Reuters) – A central bank survey out next week is expected to show Japanese business confidence improved in the three months to December as robust fiscal and household spending made up for soft exports — thanks to Premier Shinzo Abe’s stimulus …
