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Brexit would cause big problems for German banks: German financial watchdog

A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel. Bafin President Felix Hufeld told the newspaper in an article to be published on Monday that he hoped Britons would vote to remain in the European Union. “They have the most activities

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Brexit would cause big problems for German banks: German financial watchdog

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Coming wave of gas puts focus on finding new shores

By Ron Bousso and Oleg Vukmanovic LONDON (Reuters) – Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry's rapidly burgeoning supply. Companies have invested billions in plants to produce liquefied natural gas (LNG) in places such as Australia and the United States. “We are ready to go downstream as much as it takes to unlock gas demand,

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Coming wave of gas puts focus on finding new shores

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Fed report points to slight rise in inflation, tight job market

By Jason Lange WASHINGTON, June 1 (Reuters) – Inflation pressures grew slightly across most of the United States from April to mid-May, the Federal Reserve said on Wednesday in a report that also pointed to rising labor costs for American companies. The Fed's Beige Book, a collection of anecdotal information from business contacts nationwide, found that labor markets appeared to be tightening despite “modest” job growth. “Tight labor markets

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Fed report points to slight rise in inflation, tight job market

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Fed’s Bullard: rates too low for too long could be risky

U.S. interest rates being kept too low for too long could cause financial instability in future and stronger market expectations for a rate rise are “probably good”, St. Louis Federal Reserve President James Bullard said on Monday. A relatively tight labor market in the United States may also exert upward pressure on inflation, raising the case for higher interest rates, Bullard added. “I do worry that keeping rates too low for too long could feed into future financial instability even if it…

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Fed’s Bullard: rates too low for too long could be risky

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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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China complains to WTO that U.S. fails to implement tariff ruling

In another sign of escalating trade tensions between China and the United States, Beijing told the World Trade Organization on Friday that Washington was failing to implement a WTO ruling against punitive U.S. tariffs on a range of…

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China complains to WTO that U.S. fails to implement tariff ruling

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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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Japan’s pitch for FX action meets cool G20, U.S. response

By Leika Kihara WASHINGTON (Reuters) – Japan's efforts to seek informal consent to act against an unwelcome yen rise bore little fruit, with the United States offering a cool response to concerns voiced by Tokyo that the currency's gains are too sharp and may justify intervention. A lack of G20 sympathy for Tokyo's appeal may embolden yen bulls to test the currency's 17-month highs against the dollar hit earlier this month, keeping Japanese policymakers …

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Japan’s pitch for FX action meets cool G20, U.S. response

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United Airlines gate agents, baggage handlers approve new contract

United Continental Holdings Inc and its union said Saturday that workers voted in favor of contracts hiking the pay of some 30,000 baggage handlers, gate agents and other groups, a dramatic reversal from a year ago when the No.3 U.S. airline mulled outsourcing some of these jobs. The news marks a vote of confidence by…

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United Airlines gate agents, baggage handlers approve new contract

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GM recalls 1.04 million pickup trucks worldwide to repair seat belts

General Motors Co said Friday it is recalling nearly 1.04 million newer pickup trucks for a seat belt flaw. GM said the recall in the United States includes 895,232 vehicles and a stop-sale of approximately 3,000 new 2014 and 2015 model year pickups still on dealer lots. GM said the recall was prompted by warranty data that showed the flexible steel cable that connects the seat belt to

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GM recalls 1.04 million pickup trucks worldwide to repair seat belts

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