Sat, 03 Dec 2016 09:35:16 -0500NEW YORK (Reuters) - The United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday.
Sat, 03 Dec 2016 06:30:46 -0500NEW YORK (Reuters) - The rally in regional U.S. bank stocks that followed last month's election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further.
Fri, 02 Dec 2016 22:29:20 -0500NEW YORK (Reuters) - Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals.
Sat, 03 Dec 2016 09:17:54 -0500FRANKFURT (Reuters) - German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Saturday.
Fri, 02 Dec 2016 13:14:06 -0500WASHINGTON (Reuters) - A drop in the U.S. unemployment rate last month to a 9-year low signals the risk of a collision between President-elect Donald Trump's plans to goose the economy and the Federal Reserve's efforts to tap the brakes with higher interest rates.
Fri, 02 Dec 2016 17:11:33 -0500WASHINGTON (Reuters) - The U.S. unemployment rate fell to a nine-year low of 4.6 percent in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month.
Fri, 02 Dec 2016 15:16:49 -0500FRANKFURT (Reuters) - Deutsche Bank's Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge funds as well as equity sales activities, the execution of equities trading orders and equity structuring activities for some clients, a spokesman said, citing an internal memo.
Fri, 02 Dec 2016 18:08:15 -0500(Reuters) - The U.S. government and the private sector must cooperate to improve the security of digital networks, a U.S. presidential commission on cyber security recommended in a wide-ranging report issued on Friday.
Sat, 03 Dec 2016 05:26:11 -0500BEIJING (Reuters) - The chairman of China's securities regulator condemned "barbaric" leveraged company buy-outs by some asset managers using illegal funds, according to a statement posted on the China Securities Regulatory Commission (CSRC) website on Saturday.
Fri, 02 Dec 2016 18:06:54 -0500(Reuters) - Wal-Mart Stores Inc on Friday said it would pay $7.5 million to settle a U.S. lawsuit claiming it discriminated against gay employees nationwide by denying health benefits to their spouses.