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.
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FRANKFURT - Stricter international banking rules are costing German lenders around 9 billion euros ($12 billion) annually, a study of the sector by auditing firm KPMG estimated.
WARSAW - Polish airline LOT will get about 100 million zlotys($32.94 million) in compensation from U.S. plane maker Boeing for the faults that grounded its 787 Dreamliner jets, a source close to the negotiations said on Wednesday.
- Banks and asset managers scored some small victories after U.S. regulators narrowed the scope of a provision in the Volcker rule that restricts banks' ownership stake in hedge funds and private equity funds. | Video
LONDON - Cajoled by developed world governments and shocked by disasters such as the Bangladesh factory fire, investors in emerging market companies are looking more closely at environmental, social or governance issues before they buy.
Today, GM announced its new CEO will be Mary Barra, the company's current head of global product development.