JPMorgan hit by U.S. bribery probe into Chinese hiring: report
(Reuters) – U.S. authorities have opened an investigation into whether JPMorgan Chase & Co hired the children of powerful Chinese officials to help it win business in China, according to the New York Times.
How Ackman’s Herbalife bet inflamed Wall Street passions
NEW YORK (Reuters) – The origins of a vitriolic battle that has pitted billionaire hedge fund manager Bill Ackman against rivals such as Carl Icahn, Dan Loeb and George Soros can be traced back to a routine event in the world of investor activism: The …
Analysis: Summers-led Fed might raise rates faster than Yellen
WASHINGTON (Reuters) – Barring another financial crisis or slide back into recession, the next head of the Federal Reserve is likely to oversee a gradual normalization of monetary policy.
China wants fewer curbs in free trade zones to lure foreign investment
BEIJING (Reuters) – China hopes to suspend its laws governing foreign investment in proposed free trade zones, the cabinet said, in a sign the world’s second-biggest economy could open further to foreign competition.
Spirit of boom-time mortgages lives on in Europe
ATHENS/BERLIN (Reuters) – Remember the days when you could take a mortgage big enough to buy the house and furnish it, a car to park outside and a holiday to celebrate – all on a repayment schedule that only Methuselah could honor?
Analysis: Higher prices sap foreign interest in U.S. real estate
NEW YORK (Reuters) – Foreign investors, who rapaciously scooped up U.S. real estate during the 2007-2009 recession, are backing away from the same markets they so eagerly jumped into a few years ago.
China July month-on-month home prices slow for fourth month
BEIJING (Reuters) – China’s monthly property inflation moderated for a fourth straight month in July, although annual gains were the strongest this year, complicating policymakers’ task of trying to cool the sector without stifling growth elsewhere.
Wall Street Week Ahead: Undervalued euro shares a hurdle for U.S. stocks
NEW YORK (Reuters) – After Wall Street’s biggest weekly decline since June and the worst week this year for the Dow average, investors will be searching for a rebound. But the best gains may not be at home as investors take notice of an improved outloo…
Lincolns join Bugattis at Pebble Beach Concours d’Elegance car show
PEBBLE BEACH, California (Reuters) – Before dawn on Sunday when the fog rolls off the Pacific Ocean onto the fabled Pebble Beach golf course, 260 historic cars will roll onto the 18th fairway for the 63rd annual Concours d’Elegance classic car show.
Dutch minister’s call for EU migration reform reflects eurosceptic mood
AMSTERDAM (Reuters) – The Dutch deputy premier has called for the European Union to deal with the “negative consequences” of unprecedented levels of labor migration within the bloc, calling for a new common approach to one of the EU’s most cherished pr…
