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  • Four Accused of Fraud as U.S. Brings First Panama Papers Charges

    December 5, 2018 12:29 AM 99

    U.S. authorities unsealed charges against four people in connection with offshore accounts opened with the help of Panamanian law firm Mossack Fonseca & Co., in the first U.S. criminal prosecution to emerge from the so-called Panama Papers leak. Federal prosecutors in New York charged an account manager linked to Mossack Fonseca, a lawyer, a client and his accountant

  • Exclusive: Exxon seeks to sell its stake in giant Azeri oil field

    December 4, 2018 10:58 AM 105

    LONDON (Reuters) - Exxon Mobil (XOM.N) is seeking to sell its stake inAzerbaijan’s largest oil field, once dubbed the “contract of the century”, as the U.S. oil and gas giant re-focuses its global operations, industry and banking sources said. Exxon is hoping to raise up to $2 billion from the sale of its 6.8 percent in the Azeri-Chirag-Gunashli (ACG)

  • U.S. wants to end subsidies for electric cars, renewables: White House

    December 3, 2018 11:44 PM 107

    WASHINGTON (Reuters) - White House economic adviser Larry Kudlow said on Monday the United States wants to end subsidies for electric cars and other items including renewable energy sources. Asked about actions planned after General Motors announced U.S. plant closings and layoffs last week, Kudlow said he expected subsidies for buying electric cars will end in 2020 or 2021. Kudlow

  • Disney amends CEO Iger's pay package

    December 3, 2018 10:47 PM 98

    (Reuters) - Walt Disney Co (DIS.N) said on Monday Chief Executive Officer Robert Iger has agreed to certain adjustments to his compensation package, which ties his paycheck to the company’s performance, as it nears the completion of its Twenty-First Century Fox (FOXA.O) acquisition. Under the new agreement, Iger will earn no shares if the company’s relative

  • Moscow Exchange launches dollar vs. yuan, yen vs. rouble trading

    December 3, 2018 4:12 PM 105

    MOSCOW (Reuters) - The Moscow Exchange (MOEX.MM) has launched five new currency trading options to boost liquidity on its currency market, the bourse said on Monday. The Moscow Exchange said it had started quoting the Japanese yen against the Russian rouble, and was now offering trading between the U.S. dollar and the Swiss franc, the Chinese yuan, Kazakh

  • Exclusive: Nexstar clinches $4.1 billion deal to acquire Tribune Media

    December 2, 2018 4:23 PM 98

    (Reuters) - Nexstar Media Group Inc has reached an agreement to acquire to Tribune Media Co for about $4.1 billion, a deal which would make it the largest regional U.S. TV station operator, people familiar with the matter said on Sunday. Nexstar’s acquisition would come just three months after Tribune’s $3.9 billion deal to sell itself to Sinclair Broadcast

  • German chancellery aware of plans for White House meeting of German car bosses

    November 30, 2018 11:42 AM 98

    BERLIN (Reuters) - The German chancellery is aware of the idea of a meeting between representatives of the U.S. government and the executives of German car companies, a spokesman for Chancellor Angela Merkel said on Friday. Top executives from German carmakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) are finalizing plans for a White

  • Bitcoin falls over 7 percent, heads towards one-year low

    November 30, 2018 11:28 AM 99

    LONDON (Reuters) - Bitcoin fell as much as 7 percent on Friday BTC=BTSP, heading towards a recent one-year low in a broad-based selloff in cryptocurrencies. The world’s biggest and best-known cryptocurrency fell to $3,920.35 in late morning trade, heading towards a September 2017 low of $3,474.73 hit on Sunday. Other cryptocurrencies including Ethereum’s

  • China says it hopes U.S. can show sincerity on trade

    November 30, 2018 7:36 AM 105

    BEIJING (Reuters) - China’s Foreign Ministry said on Friday it hoped the United States could show sincerity and meet it halfway on trade, ahead of a meeting this weekend between the two countries’ leaders that could be key to resolving their trade war. Ministry spokesman Geng Shuang made the comment at a daily news briefing. U.S. President Donald Trump

  • Jaguar Land Rover to lay off staff temporarily at UK plant

    November 29, 2018 4:13 PM 106

    LONDON (Reuters) - Britain’s biggest carmaker Jaguar Land Rover (TAMO.NS) is to reduce the workforce at its plant in Wolverhampton, central England, by about 500 in a temporary move, it said on Thursday. The company said in response to adjustments in vehicle production schedules, the Engine Manufacturing Centre will take a temporary pause in production