Business

FBI probes trading as KPMG quits Herbalife, Skechers audits

FBI probes trading as KPMG quits Herbalife, Skechers audits

By means of Martinne Geller and Emily Flitter (Reuters) – In a blow to one of the vital world's biggest accounting firms, KPMG mentioned it resigned as auditor of two U.S. firms amid an FBI investigation into insider buying and selling allegations involving leaked data and a former senior associate. […]

 
 

WTO cuts 2013 trade forecast after record slow growth in 2012

WTO cuts 2013 trade forecast after record slow growth in 2012

GENEVA (Reuters) – The World Trade Group slashed its forecast for global alternate growth in 2013 to a few.3 % from four.5 percent on Wednesday and stated 2012 saw simplest a 2.0 p.c elevate, the smallest annual upward push for the reason that records commenced in 1981. WTO Director Basic […]

 
 

BP puts U.S. wind farm arm up for sale

BP puts U.S. wind farm arm up for sale

LONDON (Reuters) – BP has put its U.S. wind farm operation, one of the most largest in the u . s ., up on the market, marking the continuing retreat of huge oil firms from renewable power investments whereas oil and fuel initiatives provide them higher returns. The British oil […]

 
 

European shares, euro dip as central banks awaited

European shares, euro dip as central banks awaited

With the aid of Richard Hubbard LONDON (Reuters) – European shares and the euro eased while German bonds have been flat on Wednesday as traders awaited this week's policy selections by using the Financial institution of Japan and European Relevant Bank followed with the aid of U.S. employment data. On […]

 
 

Analysis: Jobless youths could drag on recovery

Analysis: Jobless youths could drag on recovery

Via Mike Dolan LONDON (Reuters) – The worldwide financial system is recovering – even if the younger you are and the longer you've been out of work, the less seemingly it is that you'll have seen. A modest upturn in the main developed economies flagged last week by means of […]

 
 

Quarter of U.S. firms in China face data theft: business lobby

Quarter of U.S. firms in China face data theft: business lobby

By Michael Martina BEIJING (Reuters) – 1 / 4 of corporations which are participants of a number one U.S. trade lobby in China were victims of information theft, a document with the aid of the team stated on Friday, amid growing vitriol between Beijing and Washington over the threat of […]

 
 

Wall Street Week Ahead: Pullback possible after S&P’s milestone

Wall Street Week Ahead: Pullback possible after S&P’s milestone

By way of Ryan Vlastelica NEW YORK (Reuters) – After flirting with an all-time excessive for 3 weeks, the S&P 500 posted its best closing degree in history. However some strategists say Thursday's report is usually a harbinger that the stock market rally is running out of steam. The S&P […]

 
 

Analysis: Underappreciated consumer stars in S&P 500 rally

Analysis: Underappreciated consumer stars in S&P 500 rally

By means of Rodrigo Campos and Herbert Lash NEW YORK (Reuters) – Investors who had wager on the American shopper whilst the U.S. economy used to be entering the Great Recession are the largest winners because the S&P 500 inventory index set a new closing document on Thursday. Hundreds of […]

 
 

Cyprus closes in on EU bailout, U-turn on levy

Cyprus closes in on EU bailout, U-turn on levy

By way of Michele Kambas and Karolina Tagaris NICOSIA (Reuters) – Cyprus is anticipated to make a dramatic U-activate Saturday to avert the approaching chance of financial meltdown, having signaled it’s willing to tax large savers in its afflicted banks to clinch a bailout from the European Union. The island's […]

 
 

Wall Street Week Ahead: Cyprus deal could spur S&P 500 to new peak

Wall Street Week Ahead: Cyprus deal could spur S&P 500 to new peak

By way of Chuck Mikolajczak NEW YORK (Reuters) – Stocks could destroy via to all-time closing highs subsequent week – supplied a decision to the fiscal woes of Cyprus satisfies buyers. The island nation bills for a fraction of euro zone economic output, and but the wrangling over a 10 […]

 
 

Exclusive: Fed pushes banks to ignore rivals when setting bonuses

Exclusive: Fed pushes banks to ignore rivals when setting bonuses

By way of Lauren Tara LaCapra NEW YORK (Reuters) – The Federal Reserve is pushing banks to disregard rivals' performance when awarding bonuses, and focal point squarely on their own profitability, in step with pay consultants and other folks acquainted with the topic. The relevant bank is hoping to change […]

 
 

Wall Street Week Ahead: Big gains, low valuation – why worry?

Wall Street Week Ahead: Big gains, low valuation – why worry?

Through Ryan Vlastelica NEW YORK (Reuters) – Main stock indexes have by no means been better – and yet that's rarely scaring people. Stocks have soared in 2013, with the Dow climbing nearly 11 % to hit a series of recent all-time highs whereas the S&P 500 has jumped 9.4 […]

 
 

BP cries foul at "fictitious" spill claims

BP cries foul at "fictitious" spill claims

By Andrew Callus (Reuters) – BP launched its promised enchantment towards "fictitious" and "absurd" oil spill compensation payouts on Friday and asked a judge to briefly halt to those made on a so-called industry financial loss foundation. In a New Orleans court docket filing, BP gave examples of companies in […]

 
 

Factory data underscores economic momentum

Factory data underscores economic momentum

By way of Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing output bounced back in February in the newest signal of strength in an financial system that’s displaying clear momentum regardless of the headwind from government austerity. Whereas other studies on Friday confirmed a surge in gas prices brought about a […]

 
 

Exclusive: China wealth fund, Commerce Ministry to get new heads – sources

Exclusive: China wealth fund, Commerce Ministry to get new heads – sources

BEIJING (Reuters) – China will doubtless appoint savvy global dealmakers to run its large sovereign wealth fund and Commerce Ministry in a gentle power push to appease fears over a planned spending spree to boost Beijing's ownership of strategic world assets. Securities regulator Guo Shuqing is tipped to take the […]