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FILE PHOTO: The seal for the Board of Governors of the Federal Reserve...
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How the Fed serves U.S. foreign intelligence

Senior officials from the U.S. Treasury and other government departments have turned to otherwise confidential Federal Reserve accounts several times a year to analyze the asset holdings of the central banks of Russia, China, Iraq, Turkey, Yemen, Libya and others.

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Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor

Japan's Takata Corp , the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based rival Key Safety Systems. In the biggest bankruptcy of a Japanese manufacturer, Takata faces tens of billions of dollars in costs and liabilities resulting from almost a decade of recalls and lawsuits. Its defective airbag inflators have been li

Italy bank deal boosts Europe shares, dollar edges up

Shares rose in Europe on Monday, with Italian banks gaining after a deal to wind up two failed lenders, while the dollar and U.S. bond yields held close to recent lows as subdued inflation raised questions over the outlook for monetary policy.

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