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Auto CEOs want Trump to order review of 2025 fuel rules

By David Shepardson WASHINGTON (Reuters) – The chief executives of 18 major automakers and their U.S. units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025. In a letter sent late Friday and viewed by Reuters, the chief executives of General Motors Co , Ford Motor Co, Fiat Chrysler Automobiles NV, along with the top North American executives at Toyota Motor Corp…

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Auto CEOs want Trump to order review of 2025 fuel rules

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Brainard joins Fed chorus warning about fiscal stimulus risks

A leading Federal Reserve proponent of low interest rates said on Tuesday the U.S. central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic boost. “If fiscal policy changes lead to a more rapid elimination of slack, policy adjustment would, all else being equal, likely be more rapid,” Fed Governor Lael Brainard said at an event…

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Brainard joins Fed chorus warning about fiscal stimulus risks

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Obama officials work against time to wrap banking rules

U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book. President-elect Trump will take over on Jan. 20 and his fellow Republicans will have control of Congress and government agencies, allowing the new administration to block or roll back many of the last-minute changes. Some rules are meant to flesh out the Dodd Frank Act of 2010 designed to …

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Obama officials work against time to wrap banking rules

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White House urges ban on non-compete agreements for many workers

The administration said so-called non-compete agreements interfere with worker mobility and states should consider barring companies from requiring low-wage workers and other employees who are not privy to trade secrets or other special circumstances to sign them. Vice President Joe Biden in a statement said he had heard from a…

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White House urges ban on non-compete agreements for many workers

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Oil pares gains after Saudi, Russia sign pact

By Ahmad Ghaddar LONDON (Reuters) – Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate on stabilizing the oil market, including limiting output. Saudi Arabia and Russia said on the sidelines of the G20 summit in China that they signed an agreement to set up a task force to review oil market fundamentals and to recommend measures and actions that will secure…

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Oil pares gains after Saudi, Russia sign pact

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Obama seeks to convince Asian partners that Washington will approve TPP

U.S. President Barack Obama said on Monday that U.S. trading partners in Asia did not need to be persuaded of the benefits of the Trans-Pacific Partnership, just that Washington would eventually approve the trade pact. Obama has made the 12-nation TPP the centerpiece…

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Obama seeks to convince Asian partners that Washington will approve TPP

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Bezos says Amazon to up India investment to $5 billion

Amazon Inc Chief Executive Jeff Bezos said on Tuesday the company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion. Bezos told an event in Washington attended by Indian Prime Minister Narendra Modi – who met earlier on…

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Bezos says Amazon to up India investment to $5 billion

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Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change

U.S. drugmaker Pfizer Inc and Ireland-based Allergan Plc walked away from their $160 billion merger on Wednesday, a major win for President Barack Obama, who has been pushing to curb deals in which companies move overseas to cut taxes. Pfizer said the decision was driven by new U.S. Treasury rules aimed at such deals, called inversions. The merger would have allowed New York-based Pfizer

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Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change

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​Micron21 prepares to launch DDoS mitigation datacentre

Micron21 is preparing to deliver DDoS protection as a service to its global network, which will be hosted from its Melbourne-based datacentre from July.

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​Micron21 prepares to launch DDoS mitigation datacentre

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U.S. regulators upgrade, expand Fiat Chrysler gearshift probe

The U.S. National Highway Traffic Safety Administration said Monday it is expanding a defect investigation of 856,000 Fiat Chrysler SUVs and cars because the vehicles may roll away after drivers exit, thinking they have put the transmission in Park.

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U.S. regulators upgrade, expand Fiat Chrysler gearshift probe

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