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U.S. Commerce Department to place restrictions on China’s ZTE

The U.S. Commerce Department is set to place export restrictions on Chinese telecoms equipment maker ZTE Corp for allegedly violating U.S. export controls on Iran, according to documents seen by Reuters. The restrictions will make it difficult for the company to acquire U.S. products by requiring ZTE's suppliers to apply …

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U.S. Commerce Department to place restrictions on China’s ZTE

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VW chairman, CEO knew of defeat devices early: Bild

Volkswagen AG's current chairman and chief executive were alerted by the carmaker's former CEO to the use of illicit emissions-control software in the United States two weeks before the carmaker disclosed the scale of its manipulations, Bild am Sonntag reported, without citing the source of the information. Martin Winterkorn, who resigned within a week of Volkswagen's (VW) biggest-ever corporate…

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VW chairman, CEO knew of defeat devices early: Bild

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Exclusive: U.S. watchdog to probe Fed’s lax oversight of Wall Street

By Jonathan Spicer NEW YORK (Reuters) – A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress…

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Exclusive: U.S. watchdog to probe Fed’s lax oversight of Wall Street

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Yellen: Fed not likely to reverse course on rates despite risks

Tightening financial conditions and uncertainty over China pose risks to the U.S. recovery, but chances are slim the Federal Reserve would need to reverse the rate tightening cycle it began in December, Fed Chair Janet Yellen told U.S. lawmakers…

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Yellen: Fed not likely to reverse course on rates despite risks