Fed to vote on Basel capital rules, also eyes stricter reforms
WASHINGTON (Reuters) – The Federal Reserve on Tuesday is set to vote on whether to adopt the international Basel III capital rules and will also consider a series of other reforms that go beyond that international agreement.
Japan’s MUFG agrees to buy $5.61 billion stake in Thai lender
TOKYO/HONG KONG (Reuters) – Japan’s Mitsubishi UFJ Financial Group (MUFG) has agreed to buy a controlling stake in Thailand’s Bank of Ayudhya Pcl for up to 560 billion yen ($5.61 billion) as Japanese lenders expand into fast-growing Southeast Asian eco…
Home prices rise by most in seven years in May: CoreLogic
NEW YORK (Reuters) – Home prices racked up their biggest annual gain in more than seven years in May, with more increases expected through the summer months as the sector continues to mend, data analysis firm CoreLogic said on Tuesday.
Capital One to buy back $1 billion in shares
(Reuters) – Credit card issuer Capital One Financial Corp said it would buy back shares worth up to $1 billion after it completed the sale of its Best Buy Co Inc portfolio.
Hyundai recalls 5,200 Azera sedans in U.S. for airbag sensor issue
DETROIT (Reuters) – Hyundai Motor Co is recalling about 5,200 Azera sedans in the United States to address an issue where the airbag may deploy with less or greater force than needed in an accident.
Greek bank rescue fund deputy CEO resigns-source
ATHENS (Reuters) – The deputy chief executive at Greece’s bank rescue fund, the vehicle in charge of recapitalizing the country’s top lenders, resigned on Tuesday, the second senior executive to leave the fund in the last three months.
Rosneft buys rest of Itera from founder for $2.9 billion
MOSCOW (Reuters) – Rosneft , Russia’s top oil producer, said on Tuesday it had bought the remaining 49 percent of gas company Itera for $2.9 billion from its founder, furthering its aim of becoming Russia’s largest independent gas producer.
Air freight market struggled to grow in May: IATA
GENEVA (Reuters) – The international air freight market grew by a mere 0.1 percent in May compared to April, and was up 0.8 percent from May 2012, as slowing business confidence and weaker Asian trade undermined cargo demand, the International Air Tran…
Diverging growth outlook drives shares, dollar firm
LONDON (Reuters) – The global economy’s diverging fortunes knocked emerging markets from a two-week high and sapped recent gains in European shares, while Japan’s Nikkei index hit its best level in five weeks on the yen’s weakness.
Stelios to vote against easyJet’s ‘secret’ Airbus deal
LONDON (Reuters) – Easyjet’s estranged founder Stelios Haji-Ioannou said on Monday he would vote against the budget airline’s plan to buy 135 new Airbus planes because they were not needed and their real cost had been kept secret.
