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China central bank: yuan’s global acceptance to be driven by market

BEIJING (Reuters) – The internationalization of the yuan has exceeded people's expectations and its global acceptance will be driven by market forces, Yi Gang, a China central bank vice governor, said on Monday. China will continue

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China central bank: yuan’s global acceptance to be driven by market

NYSE sees double-digit Asian IPOs through 2017, with focus on tech

By Elzio Barreto and Steve Garton HONG KONG (Reuters) – The New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit IPOs through the end of 2017 from the region, the exchange's global head of capital markets said in an interview. New listings should start picking up pace in the…

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NYSE sees double-digit Asian IPOs through 2017, with focus on tech

Tesla removes ‘autopilot’ from China website after Beijing crash

By Jake Spring and Alexandria Sage SHANGHAI/SAN FRANCISCO (Reuters) – Tesla removed the word “autopilot” and a Chinese term for “self-driving” from its China website after a driver in Beijing who crashed in “autopilot” mode complained that the car maker…

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Tesla removes ‘autopilot’ from China website after Beijing crash

RBS says main office would move if Scotland were independent: BBC

Royal Bank of Scotland would move its main office from Scotland if the nation were to split from the UK after Britain's vote to leave the European Union, although moving domicile would not mean major job losses, the head of RBS has said. “The Royal Bank of Scotland would just be…

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RBS says main office would move if Scotland were independent: BBC

Oil hits August high on potential producer action to prop up market

By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11 percent since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market. Brent crude oil futures rose to a high for the month of $47.40 a barrel on Monday before dipping back to $47.30 per barrel at 0644 GMT (2:44 a.m. ET), up 33 cents from their last settlement, and 11.3 percent above the last close…

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Oil hits August high on potential producer action to prop up market

Two company veterans tapped to lead Fox News after Ailes’ exit

By Anna Driver NEW YORK (Reuters) – Rupert Murdoch on Friday named company veterans Jack Abernethy and Bill Shine as co-presidents to lead Fox News after Chief Executive Officer Roger Ailes resigned last month following sexual harassment allegations. Abernethy is CEO

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Two company veterans tapped to lead Fox News after Ailes’ exit

Sumner Redstone willing to be deposed in competency lawsuit

By Ross Kerber CANTON, Mass. (Reuters) – An attorney for Sumner Redstone said the media mogul would be willing to be interviewed briefly under oath in a lawsuit over his mental competency that could influence the future …

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Sumner Redstone willing to be deposed in competency lawsuit

China to use tougher environmental standards to tackle capacity glut

China will use the stricter enforcement of environmental, safety and energy efficiency standards as well as tougher credit controls to help fight against overcapacity in key industrial sectors, the government said. The world's second-largest economy has identified overcapacity as one of its key challenges and it has already pledged mass closures in the steel and coal sectors, but it has so far fallen behind on …

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China to use tougher environmental standards to tackle capacity glut

Negative rates seen reducing Japan big banks’ profits by $2.96 billion: Nikkei

Japan's financial watchdog estimates that negative interest rates under the Bank of Japan's monetary easing policy will reduce profits for the country's three big banks by at least 300 billion yen ($2.96 billion) for the year…

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Negative rates seen reducing Japan big banks’ profits by $2.96 billion: Nikkei

Global monetary taps still open wide, Fed minutes in focus

The glue binding a still-aggressive global monetary policy response to a struggling world economy and almost daily record highs for world stock markets along with record low bond yields is set to remain intact in the coming week. The one thing that could unstick it, apart from divine intervention, would be a change in tune from …

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Global monetary taps still open wide, Fed minutes in focus

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