MetLife CEO says company is not ‘systemically important’
(Reuters) – MetLife Inc , the largest U.S. life insurer, is not a systemically important financial institution whose failure could pose a threat to the nation’s financial stability, Chief Executive Steven Kandarian said.
Russia can find niche in Asian gas market: Putin
CHITA, Russia (Reuters) – Russia has every chance of securing a place in the gas market in Asia, President Vladimir Putin said on Wednesday, underlining Moscow’s growing shift in energy policy towards Asia and China in particular.
China June FDI rises at fastest pace in more than two years
BEIJING (Reuters) – Foreign direct investment in China in June jumped 20.12 percent from a year ago, the Commerce Ministry said, the quickest gain since March 2011, showing that investors are still confident about the world’s second-largest economy eve…
Analysis: As Batista renegotiates EBX debt, banks beat out bondholders
SAO PAULO (Reuters) – The banks that financed the rise of billionaire Eike Batista’s Grupo EBX are leading the struggling group’s debt refinancing efforts and should be able to limit their potential losses. Bondholders, by contrast, could be left with …
Chinese state paper slams multinationals over bribery, high prices
BEIJING (Reuters) – China must crack down on commercial bribery by multinational firms, the country’s top state paper said on Wednesday, two days after police accused British drugmaker GlaxoSmithKline of the widespread bribery of Chinese officials and …
Plunging ad prices underscore doubts over Yahoo turnaround plan
SAN FRANCISCO (Reuters) – Marissa Mayer’s plan to resuscitate Yahoo seems a simple one: get back the eyeballs, sell more ads and charge higher prices. But the chief executive’s plan seems to have run into a major snag.
U.S.Senate to hear on bank ownership of commodities storage
(Reuters) – A U.S. Senate committee will hold a hearing next week on whether banks should control physical storage for commodities, signaling lawmakers may be toughening their stance on the controversial but lucrative business for giant Wall Street fir…
BP seeks to halt spill claim payments during probe
NEW YORK (Reuters) – BP Plc asked a U.S. judge on Tuesday to temporarily halt payments from a court-supervised settlement fund for certain claims for damages related to the 2010 Gulf of Mexico oil spill while former FBI director Louis Freeh investigate…
Asiana grounds Boeing 777 in U.S. due to engine oil leak
SEOUL (Reuters) – Asiana Airlines Inc on Wednesday said it grounded one of its Boeing 777 jets in Los Angeles when an engine started leaking oil, less than two weeks after one of the South Korean carrier’s 777s crash landed in San Francisco.
Governemtn fines bedbug repellents maker for ad claims
WASHINGTON (Reuters) – A company that makes a cedar-based product it says repels bed bugs and head lice felt the bite of the U.S. government on Tuesday when it agreed to settle charges that its products have not been proven to work as promised.
