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Chicago mayor's fiscal 2018 budget wins city council approval


CHICAGO The Chicago City Council gave final approval on Tuesday to a fiscal 2018 budget that Mayor Rahm Emanuel said keeps the city's shaky finances on a path toward stability.

Russia moves to shelter banks funding arms makers from sanctions

MOSCOW Russia has proposed ending the publication of the names of banks which finance Russian state-controlled arms producers, in a possible sign that Moscow is preparing for new U.S. sanctions.

Brexit and the City: taking London's financial pulse

LONDON Will Britain's decision to leave the European Union in 2019 damage one of its most successful industries? | Video

Britain to submit 'Brexit bill' proposal before December EU meeting

LONDON Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit next month and is expected to negotiate hard, finance minister Philip Hammond said on Sunday.

Trump starts paying his own legal bills on Russia probe: attorneys

WASHINGTON U.S. President Donald Trump has begun paying his own legal bills related to the Russia investigation and will no longer cover the costs using political donations to his re-election campaign or the Republican Party, his attorneys confirmed on Friday.

Exclusive: Germany's top banks step up efforts to offload toxic shipping debt

LONDON/FRANKFURT Top national lenders Deutsche Bank <DBK Gn.DE> and Commerzbank are stepping up efforts to offload distressed shipping loans, finance sources said, as the German banking system grapples with $100 billion in toxic debt from the sector.

Few banks seen queuing for China's red carpet invite

HONG KONG China stunned the finance world last week when it unveiled plans to allow foreign control of its financial institutions. Few bankers thought their long-held dream of better access to the world's largest banking market was within reach.

Volkswagen and unions reject accusations over works council payments

FRANKFURT/BERLIN Volkswagen and its unions on Wednesday rebuffed accusations that the carmaker's top labor representative has been overpaid, seeking to calm the waves a day after prosecutors and tax investigators raided the offices of senior VW officials.

Venezuela says debt refinancing under way, S&P calls selective default

CARACAS/NEW YORK Venezuela's cash-strapped government insisted it had successfully begun efforts to refinance some $60 billion in bonds, though creditors disagreed following fruitless talks and a ratings firm declared the nation in selective default. | Video

Google supports U.S. efforts to disclose buyers of online political ads

SAN FRANCISCO Alphabet Inc's Google unit told U.S. election regulators in a letter seen by Reuters on Thursday that it "strongly supports" tightening rules on online political advertising as part of efforts to curtail "foreign abuse and influence" in elections.

‘Tales’ has a new home

"Tales from the Trail" has joined with the Reuters election live blog to bring you even more coverage of the race for the White House.