New U.S. derivative rules leave Asia markets vulnerable
HONG KONG/SINGAPORE (Reuters) – Several Asian and U.S. banks are working around new U.S. regulations on derivatives trading aimed at preventing a repeat of the 2008 financial crisis – moves that are legal but leave markets in the region exposed to a ri…
Bureaucrats seek to pick winners with $1 billion ‘Cool Japan’ Fund
TOKYO (Reuters) – Japan’s industry bureaucrats once guided the nation’s world-beating drive to export cars and electronics.
Hoping, as usual, that next year will be better
LONDON (Reuters) – Like winemakers consoling themselves after a poor vintage, economists are putting a disappointing 12 months behind them and hoping that 2014 will be a better year for global growth.
Infratil sells Glasgow Prestwick Airport to Scottish government
WELLINGTON (Reuters) – New Zealand utilities investor Infratil on Monday said it had sold Glasgow Prestwick Airport to TS Prestwick Holdco Limited, an entity wholly owned by the Scottish government, for 1 pound ($1.62), as the company unloads more airp…
RBS profited from struggling small businesses: government advisor
LONDON (Reuters) – Part-nationalised British lender Royal Bank of Scotland has been accused by a government advisor of pushing struggling small firms into its turnaround unit so it can charge higher fees and take control of their assets.
Exclusive: Nonprofit that flipped homes to investors faces scrutiny
NEW YORK (Reuters) – A U.S. housing regulator has been investigating the activities of a small California not-for-profit that bought hundreds of foreclosed homes through a federally backed program intended to help local communities hurt by the housing …
Healthier U.S. consumers bode well for retail stocks: Barron’s
NEW YORK (Reuters) – Optimism about a strong holiday sales season in the United States led Barron’s to tout nine retail store stocks in its November 25 edition.
Sanofi sued in France over Gardasil vaccine
BORDEAUX (Reuters) – A French teenager has filed a lawsuit against French pharmaceutical company Sanofi Pasteur and France’s health regulators, her lawyer said on Sunday, over side-effects they say were caused by the Gardasil anti-cervical cancer vacci…
HP may have yet another problem: China
SAN FRANCISCO (Reuters) – Signs of rapidly worsening Chinese demand for IT giants IBM and Cisco Systems Inc are starting to spook Hewlett-Packard investors.
Israeli markets gain, investors say Iran deal not a mistake
JERUSALEM (Reuters) – Israeli stock prices rose to another record high on Sunday, ignoring local politicians’ comments that a deal to curb Iran’s nuclear program was a mistake.
