united-states

U.S. posts $6 billion budget surplus in June

The U.S. federal government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a year earlier, the Treasury Department said on Wednesday. Receipts last month totaled $330 billion, while outlays were at $323 billion.

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U.S. posts $6 billion budget surplus in June

united-states

German authority would not have approved beta-phase Tesla autopilot: newspaper

Germany's Federal Office for Motor Vehicles (KBA) would not have approved the autopilot system installed on Tesla cars if the technology was still in a beta-phase version, it told German newspaper Welt am Sonntag. Tesla'…

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German authority would not have approved beta-phase Tesla autopilot: newspaper

united-states

Facebook faces U.S. tax exam over Ireland asset tranfer: lawsuit

(Reuters) – The U.S. Internal Revenue Service is examining Facebook Inc in connection with its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers. The U.S. Justice Department filed a lawsuit on Wednesday in federal court in San Francisco seeking to enforce IRS summonses served on Facebook and force the company to produce various documents as part of the agency's examination. (Reporting by Nate Raymond in New York; Editing

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Facebook faces U.S. tax exam over Ireland asset tranfer: lawsuit

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Jobless claims, hiring data brighten U.S. labor market view

U.S. private payrolls increased more than expected in June as small businesses ramped up hiring, and fewer Americans applied for unemployment benefits last week, suggesting a rebound in job growth after May's paltry gains. Thursday's reports underscored the economy's strength and supported views that the United States would weather the impact of last month's British referendum to leave the European Union. “The labor market does not seem to be faltering.

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Jobless claims, hiring data brighten U.S. labor market view

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Fed’s Yellen sees rate hikes, mostly good economic picture

Federal Reserve Chair Janet Yellen said on Monday that interest rate hikes are likely on the way because “positive economic forces have outweighed the negative” for the United States, though last month's weak jobs report bears watching. “If incoming data are consistent with labor market conditions strengthening and inflation making progress toward our 2 percent objective, as I expect, further gradual increases in the federal funds rate are likely to be appropriate and most conducive to meeting and maintaining those objectives

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Fed’s Yellen sees rate hikes, mostly good economic picture

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Lufthansa CEO says rising protectionism hampering M&A

The growing trend of protectionism worldwide is hampering cross-border consolidation in the airline industry, the chief executive of German airlines group Lufthansa said on Saturday. “To be honest I see protectionism around the world rising rather than more liberalization,” Carsten Spohr said on Saturday at a Star Alliance event in Zurich, highlighting…

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Lufthansa CEO says rising protectionism hampering M&A

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Exclusive: EU regulators to conditionally clear AB Inbev, SABMiller deal – sources

By Foo Yun Chee and Martinne Geller BRUSSELS/LONDON (Reuters) – Brewer Anheuser-Busch InBev is set to win conditional EU approval for its $100 billion-plus takeover of SABMiller after agreeing to substantial asset sales, three people familiar with the matter said on Friday. The Belgium-based maker of Budweiser, Corona and Stella Artois is looking to boost its presence in Africa and Latin American countries to offset weaker markets such as the United …

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Exclusive: EU regulators to conditionally clear AB Inbev, SABMiller deal – sources

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Apple boss Cook to tap Indian software talent during maiden visit

By Himank Sharma and Rupam Jain MUMBAI/NEW DELHI (Reuters) – Apple Inc is set to announce plans to expand its Indian software development center and build an accelerator program for local start-ups, two sources aware of the investment said on Tuesday, hours before Chief Executive Tim Cook's maiden visit. Cook, who arrives in India late on Tuesday, is making his Indian debut just as the country emerges as one of…

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Apple boss Cook to tap Indian software talent during maiden visit

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Deutsche Boerse CEO touts LSE merger, saying ‘size is everything’

FRANKFURT (Reuters) – Deutsche Boerse's planned $30 billion merger with LSE Group is on track for completion late this year or in early 2017, the German exchange operator's Chief Executive Carsten Kengeter said on Wednesday.

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Deutsche Boerse CEO touts LSE merger, saying ‘size is everything’

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Stuck with dangerous dollar dominance

By Mike Dolan LONDON (Reuters) – The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary, the United States, can see the downside…

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Stuck with dangerous dollar dominance

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