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Fed’s Kashkari favors higher capital requirements, smaller banks

“I agree that many current reform efforts are headed in the right direction, particularly those that make banks stronger with additional capital, deeper liquidity and stress testing,” Kashkari said. Kashkari, who during the financial crisis ran the government's $700 billion bank bailout program, has been campaigning for solutions to the nation's “too…

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Fed’s Kashkari favors higher capital requirements, smaller banks

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U.S. job market firming despite anemic economic growth

The number of Americans filing for unemployment benefits fell more than expected last week, suggesting the labor market continued to strengthen despite tepid economic growth. Initial claims for state unemployment benefits declined 9,000 to a seasonally adjusted 267,000 for the week ended …

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U.S. job market firming despite anemic economic growth

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Asian shares fall, while Japan’s gain as brakes applied to strong yen

SINGAPORE/TOKYO (Reuters) – Most Asian shares fell to three-week lows on Friday, but Japan bucked the trend after its finance minister pledged to guard against strong moves in the yen in either direction. While that led to a slight retreat in the yen from a 17-month high against the dollar, the Japanese currency is

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Asian shares fall, while Japan’s gain as brakes applied to strong yen

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Fed’s Williams eyes two 2016 rate hikes: Fox Business Network

San Francisco Fed President John Williams said Thursday that at least two interest-rate hikes this year is the “right course” so long as the U.S. economy continues to grow, businesses add jobs, and inflation picks up as he expects. “If the …

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Fed’s Williams eyes two 2016 rate hikes: Fox Business Network

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U.S. weakens retirement advice rule, responding to industry

By Suzanne Barlyn and Lisa Lambert WASHINGTON (Reuters) – A new U.S. rule aimed at protecting retirement savers from profit-hungry brokers turned out to be much weaker than an initial proposal after the Obama administration bowed to pressure from the financial services…

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U.S. weakens retirement advice rule, responding to industry

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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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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 to cut its tax bill by an estimated $1 billion annually by domiciling in Ireland, where tax rates are lower.

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

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China’s PBOC flags stimulus restraint but says policy should be flexible

By Xiaoyi Shao and Kevin Yao BEIJING (Reuters) – China's central bank won't resort to excessive stimulus to bolster growth but will keep a flexible stance in the event of an economic shock – domestic or global, Governor Zhou Xiaochuan said while reiterating the authority's prudent monetary policy. Under the banner of prudent policy, the Chinese central bank has cut interest rates six times since November 2014 and has also reduced the amount of …

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China’s PBOC flags stimulus restraint but says policy should be flexible

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Exclusive: Apollo Global nears deal to acquire Fresh Market – sources

The deal would underscore Apollo's confidence that it can turn around companies in the highly competitive U.S. grocery sector. The New York-based buyout firm's past investments include Sprouts Farmers Market and Smart & Final Stores Inc . Apollo has prevailed in

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Exclusive: Apollo Global nears deal to acquire Fresh Market – sources

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Exclusive: Energy Transfer has held talks to sell Sunoco – sources

Energy Transfer Equity LP , the U.S. pipeline company that agreed to acquire Williams Companies Inc , has held talks to sell gas station and convenience store operator Sunoco LP , according to three people familiar with the matter. While these discussions …

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Exclusive: Energy Transfer has held talks to sell Sunoco – sources

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