SHANGHAI (Reuters) – China’s securities regulator will put more emphasis on preventing and resolving bond default risks, according to a summary of a meeting posted on its website on Saturday. China’s current internal and external environment is complex and severe, but the country’s stable economic progress and its long-term development trend has not changed, the…
By Gayatri Suroyo and David Lawder JAKARTA/WASHINGTON (Reuters) -Russia and China watered down a G20 finance leaders’ statement on geopolitical risks to the global economy as a contentious meeting ended on Friday, deleting a reference to “current” tensions as financial markets fretted over the prospect of war in Ukraine. The gathering of finance ministers and…
FORT WORTH, Texas (AP) — American Airlines is making further cuts in its international schedule for this summer because of delays in Boeing delivering new widebody planes. American said Friday that it will temporarily stop service between Seattle and London, Los Angeles and Sydney, and Dallas and Santiago, Chile. It will also delay launching service…
(Reuters) – Canada’s Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday. Brookfield has already started marketing the fund and may exceed the target, according to the report, which cited a person familiar with the matter. A company spokesperson declined to comment. Brookfield…
WASHINGTON (AP) — The Federal Reserve on Friday formally adopted sweeping new rules that will limit the ability of its top officials to invest in financial markets, a change intended to prevent conflicts of interest involving investments affected by Fed policies. The stricter rules were developed after an outcry last year over questionable trades that…
By Nia Williams CALGARY, Alberta (Reuters) -Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project said costs had surged 70% to C$21.4 billion ($16.8 billion). Trans Mountain Corp (TMC) also delayed the finish date of the expansion by a…
By Jonathan Stempel NEW YORK (Reuters) – A new U.S. lawsuit filed on Friday accuses L’Oreal SA of causing American shoppers to overpay for its beauty products by misleading them into thinking they are actually made in France. Veronica Eshelby, the plaintiff in the proposed class action, said L’Oreal’s labeling its products “L’Oreal Paris” and…
WASHINGTON (AP) — Federal judges would have to publicly disclose more about their finances under a bill approved by the Senate this week, which aims to make the judiciary subject to similar transparency requirements as lawmakers. The bipartisan bill by Sens. John Cornyn, R-Texas, and Chris Coons, D-Del., is intended to make it easier for…
By Herbert Lash NEW YORK (Reuters) -A gauge of global stocks fell and government debt prices rose on Friday after hopes that diplomacy might resolve the Ukraine crisis faded on news Russian-backed separatists were evacuating residents from breakaway regions in the country’s east. Sentiment soured as shelling increased in eastern Ukraine and a rebel leader…
Leave it to Elon Musk to stir up controversy without saying — or tweeting — a word. In November, according to a regulatory filling, the Tesla CEO donated to charity about 5 million shares of company stock, worth $5.7 billion. Since the filing with the Securities and Exchange Commission was made public Monday, Tesla hasn’t…
