European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany July 20, 2017. REUTERS/Ralph Orlowski October 13, 2017 By John O’Donnell FRANKFURT (Reuters) – The head of the EU Parliament’s influential economic affairs committee has urged the European Central Bank to “correct” its stance on bad loans, adding to […]
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China banking regulator, Hubei chief front runners to head central bank: sources
FILE PHOTO: Guo Shuqing, China’s newly appointed banking regulator, attends a news conference ahead of China’s parliament in Beijing, March 2, 2017. REUTERS/Shu Zhang/File Photo October 13, 2017 By Kevin Yao and Benjamin Kang Lim BEIJING (Reuters) – China’s top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are […]
Senior U.S. official meeting UK officials to tackle online security issues
Deputy Attorney General Rod Rosenstein testifies before a Senate Intelligence Committee hearing on the Foreign Intelligence Surveillance Act (FISA) in Washington, U.S., June 7, 2017. REUTERS/Kevin Lamarque October 13, 2017 LONDON (Reuters) – Britain’s campaign to force Silicon Valley to compromise on encrypted communications has received strong backing from a […]
Social Security benefits to get another small boost in 2018
Millions of Social Security recipients and other retirees can expect another small increase in benefits next year. Preliminary figures suggest that the annual increase will be around 2 percent, which would mean an extra $25 a month for the average beneficiary. The Social Security Administration is scheduled to announce the […]
The Latest: Catalan grassroots group calls for secession now
BARCELONA, Spain – The Latest on Catalonia’s bid to declare independence from Spain (all times local): Continue Reading Below 10:15 a.m. An influential grassroots separatist group has joined voices in Catalonia urging the regional president to ignore warnings from Spain’s central government and definitively declare independence. The Assemblea National Catalana, […]
Trump to issue stop-payment order on health care subsidies
WASHINGTON – In a brash move likely to roil insurance markets, President Donald Trump will “immediately” halt payments to insurers under the Obama-era health care law he has been trying to unravel for months. Continue Reading Below The Department of Health and Human Services made the announcement in a statement […]
IMF’s Lagarde urges leaders to find ways to spread wealth
WASHINGTON – World leaders should take advantage of the healthiest global growth in years to pursue policies that will spread prosperity to those being left behind, the head of the International Monetary Fund is arguing. Continue Reading Below “It is not time to be complacent,” IMF Managing Director Christine Lagarde […]
President Trump expected to ‘decertify’ Obama-era Iran deal
President Donald Trump is expected to announce Friday that the Iran nuclear deal no longer serves U.S. national security interests. This decision, which has been referred as “decertification,” would be a significant declaration but would put Congress in charge of whether or not to follow up with action, triggering a […]
BASF to buy seeds, herbicide businesses from Bayer for $7 billion
FILE PHOTO: A truck drives past a warehouse of German chemical company BASF in Ludwigshafen, April 23, 2015. REUTERS/Ralph Orlowski/File Photo October 13, 2017 FRANKFURT (Reuters) – BASF has agreed to buy significant parts of Bayer’s seed and herbicide businesses for 5.9 billion euros ($7 billion) in cash, the two […]
Kobe Steel’s cheating engulfs more divisions; shares resume slide
The logo of Kobe Steel is seen at the group’s Tokyo headquarters building in Tokyo, Japan October 10, 2017. REUTERS/Issei Kato October 13, 2017 By Yuka Obayashi TOKYO (Reuters) – Crisis-hit Kobe Steel Ltd said on Friday its steel division has also falsely labeled products, the latest in a string […]