NEW YORK (Reuters) - Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.
Executives at JPMorgan Chase & Co <JPM.N> and ...More
NEW YORK (Reuters) - A dark corner of corporate America is being thrust into the harsh glare of disclosure.
New rules are forcing blue-chip companies to expose ties with their compensation consultants by making public business relationships, including how much they pay the advisers -- putting potential conflicts of interest in plain ...More
By Steven C. Johnson
NEW YORK (Reuters) - After a growth spurt at the end of 2009, the U.S. economy will slow in the months ahead, keeping the Federal Reserve from raising borrowing costs until the final three months of the year, a Reuters poll showed.
The survey of over ...More
NEW YORK (Reuters) - U.S. mortgage applications nudged up last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
If demand for purchase loans, a tentative early indicator of home sales, continues to climb it will bode ...More
PARIS (Reuters) - A top French minister on Wednesday attacked the United States' handling of an aerial tanker contract, which has seen Europe's EADS <EAD.PA> drop out of the race, and said the matter was not over yet.
"This has gone beyond acceptable," said France's European Affairs Minister ...More
By Clara Ferreira-Marques
LONDON (Reuters) - State-owned Northern Rock shrank its losses in 2009, helped by a lower bad debt charge in the second half as house prices stabilized, but arrears rose and the lender warned loan impairments would stay high in 2010.
"We still think the recovery is going to ...More
MUNICH/ZURICH (Reuters) - Last month's huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world's top two reinsurers said, but it looks unlikely to raise reinsurance prices.
World leader Munich Re <MUVGn.DE> said it expected the 8.8 magnitude ...More
BEIJING/GENEVA (Reuters) - China is setting up a new agency to help streamline its trade negotiating bureaucracy as the world's third-largest economy faces a growing number of commercial disputes.
The new China Trade Representative office (CTR) will absorb a tangle of offices that have overlapping influence on trade matters ...More
STOCKHOLM (Reuters) - The parent of China's Geely Automobile <0175.HK> has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.
Dagens Industri, citing sources, said that Chinese financial institutions and regional government bodies had provided ...More
BEIJING (Reuters) - Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan.
Economists cautioned against over-interpreting the figures, which were skewed by the timing of the long Lunar New Year holiday ...More
