China says no tough rules for foreign bank card firms

BEIJING (Reuters) – China will not impose tough licensing restrictions on overseas bank card providers seeking to enter the country’s $7 trillion card payment market, a senior central bank official said on Tuesday.

Oil price to rise only gradually to $80 by 2020: IEA

LONDON (Reuters) – Oil is unlikely to return to $80 a barrel before the end of the next decade, despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day, the International Energy Agency said on Tu…

Volkswagen moves to appease angry customers, workers

DETROIT/BERLIN (Reuters) – Volkswagen AG took new steps on Monday to appease U.S. customers and German union leaders unhappy with the company’s response to a sweeping emissions cheating scandal that claimed another high-profile executive.

U.S. government, Electrolux argue at trial over GE appliance deal

WASHINGTON (Reuters) – The government argued Monday that U.S. consumers would pay 5 percent more for ranges and wall ovens if AB Electrolux was allowed to buy General Electric’s appliance business but the companies accused antitrust enforcers of failin…

U.S. government, Electrolux argue at trial over GE appliance deal

WASHINGTON (Reuters) – The government argued Monday that U.S. consumers would pay 5 percent more for ranges and wall ovens if AB Electrolux was allowed to buy General Electric’s appliance business but the companies accused antitrust enforcers of failin…

Volkswagen moves to appease angry customers, workers

DETROIT/BERLIN (Reuters) – Volkswagen AG took new steps on Monday to appease U.S. customers and German union leaders unhappy with the company’s response to a sweeping emissions cheating scandal that claimed another high-profile executive.

Democrat targets corporate tax-avoidance deals in U.S. Congress

WASHINGTON (Reuters) – Tax-driven “inversion” deals that let companies flee the U.S. tax system by relocating abroad, if only on paper, would be curbed under legislation introduced in Congress, as Pfizer Inc pursues such a deal with rival Allergan Plc …

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