Mexico watchdog weighs if America Movil, Televisa dominate sector
MEXICO CITY (Reuters) – Giant Mexican telco America Movil and broadcaster Televisa, the two companies likely to be most affected by the country’s telecoms reform, said on Thursday the regulator has told them it was determining whether they are dominant…
IRS not fully ready for law against offshore tax evasion: watchdog
WASHINGTON (Reuters) – The Internal Revenue Service has spent 19 months and more than $8.6 million getting ready to enforce a new law against offshore tax evasion that takes effect next year, but the agency is still not prepared, a watchdog group said …
Boeing may spend $10 billion on 777X jet plant: report
NEW YORK (Reuters) – Boeing Co plans to spend as much as $10 billion on a factory for its new 777X jetliner, and wants to put the plant near a large airport with good rail and road access, according to a newspaper report.
Securities trade group urges hardware revamp after Nasdaq August halt
NEW YORK (Reuters) – A trade association for the securities industry called on Thursday for revamping the system governing the hardware behind the trading halt in Nasdaq stocks in August, a move that would likely reduce the control the two leading U.S….
Exclusive: OSX, bondholders in talks to delay interest payment – sources
SAO PAULO/RIO DE JANEIRO (Reuters) – Tycoon Eike Batista’s OSX Brasil SA and holders of the ailing shipbuilder’s $500 million in bonds are in talks to delay an interest payment due on December 20, three sources with direct knowledge of the situation sa…
Investors dismayed as new Barrick chairman talks diversification
TORONTO (Reuters) – Barrick Gold Corp investors have taken in stride news that the world’s largest gold producer may consider hedging its gold exposure, but they are roundly panning its plan for more diversification into other commodities.
Fed uncertainty sends the Dow, S&P 500 down for fifth day
NEW YORK (Reuters) – U.S. stocks fell on Thursday, with the Dow and S&P 500 dropping for a fifth straight session after a round of mixed economic data left traders guessing as to when the Federal Reserve would begin to slow its stimulus program.
As workforce shrinks, Korea struggles to embrace immigration
SEOUL (Reuters) – For 61-year old construction worker Chae Chang-geun, an ethnic Korean from China, Seoul is a place to make money but not a place to call home.
China’s biggest jeweler sees gold in the masses
HONG KONG (Reuters) – The world’s most valuable jewelry retailer Chow Tai Fook , which counts Cartier and Tiffany & Co as competitors, is on a quest to conquer the hearts of China’s future big spenders. It’s weapons of choice: Hello Kitty and Winnie the Pooh.
EU raids consumer electronics firms over antitrust concerns
BRUSSELS (Reuters) – The European Commission said on Thursday its officers had raided several companies involved in making and selling consumer electronics and small domestic appliances, on suspicion they had broken competition rules.
