LONDON - Financial markets gave a cautious thumbs-up on Wednesday to a provisional budget deal that could prevent the U.S. government from shutting down in the coming months.
- China bitcoin arbitrage ends as punters work around capital controls
- U.S. fund industry sees modest wins in final Volcker rule |
- Etihad in data room on Alitalia, mulls investment: sources
- Hot money distorts China's exports as speculators seek to cash in on yuan, rate reforms
- Eleven EU states to consider narrower transaction tax
Recent Business News
LONDON - U.S. activist shareholder Sandell Asset Management went public on Wednesday with a demand for British transport operator FirstGroup to split off its U.S. business to invest in its domestic arm.
PARIS - Airbus parent EADS was poised on Wednesday to set out a two-tier strategy stressing growth in civil jetliners coupled with a forecast of flat defense and space activities throughout the decade.
WASHINGTON - A bipartisan budget deal announced in the U.S. Congress on Tuesday, though modest in its spending cuts, would end three years of impasse and fiscal instability in Washington that culminated in October with a partial government shutdown.
LONDON - Britain's Financial Conduct Authority imposed a record 28 million pound ($46 million) fine on Lloyds Banking Group for the way it encouraged staff to sell products worth 2 billion pounds that customers did not need or want.
Today, GM announced its new CEO will be Mary Barra, the company's current head of global product development.