Fed should not raise interest rates just yet: China Finmin

[Buzz_Burner_Fresh_Updates] Fed should not raise interest rates just yet: China Finmin – reuters.com SHANGHAI (Reuters) – Now is not the right time for the United States to raise interest rates, given the global economic situation, China’s Finance Minister Lou Jiwei said in an interview published in the China Business News on Monday. Continue Reading On […]

Income from Irish bank bailout swallowed up by debt costs + MORE

[Buzz_Burner_Fresh_Updates] Income from Irish bank bailout swallowed up by debt costs – reuters.com DUBLIN, Sept 29 (Reuters) – The income Ireland has generated from investing 67 billion euros ($75 billion) in its financial sector at the height of the banking crisis has been almost completely offset by servicing the associated debt, the state’s auditor said […]

Japan Tobacco agrees to buy brand rights from Reynolds American for $5 billion

[Buzz_Burner_Fresh_Updates] Japan Tobacco agrees to buy brand rights from Reynolds American for $5 billion – reuters.com (Reuters) – Japan Tobacco Inc has agreed to pay 600 billion yen ($5 billion) in cash for Reynolds American Inc’s Natural American Spirit tobacco business outside the United States, the two companies said in separate statements on Tuesday. Continue […]

Comcast buys majority stake in Universal Studios Japan for $1.5 billion + MORE

[Buzz_Burner_Fresh_Updates] Alcoa to split into two companies; shares surge – reuters.com CHICAGO (Reuters) – Alcoa Inc said on Monday it will split into two companies to separate its struggling aluminum smelting operations from production of lightweight metals for its faster-growing aerospace and automotive business. Continue Reading On reuters.com ยป Comcast buys majority stake in Universal […]

Fitch Affirms Mutual of America's IFS Rating at 'AA-'; Outlook Stable + MORE

[Buzz_Burner_Fresh_Updates] Fitch Affirms Mutual of America's IFS Rating at 'AA-'; Outlook Stable – reuters.com (The following statement was released by the rating agency) NEW YORK, September 25 (Fitch) Fitch Ratings has affirmed the ‘AA-‘ Insurer Financial Strength (IFS) rating of Mutual of America Life Insurance Company (MOA). The Rating Outlook is Stable. KEY RATING DRIVERS […]

UPDATE 3-German government boosts funding to states for refugees + MORE

[Buzz_Burner_Fresh_Updates] SEC wins big fines in BankAtlantic case, appeal expected – reuters.com Sept 24 (Reuters) – A federal judge ordered BBX Capital Corp, a Florida company once known as BankAtlantic Bancorp, and Chief Executive Alan Levan to pay $4.55 million and $1.3 million of fines respectively after being found liable for defrauding investors before the […]

U.S. arrests Chinese developer, aide for money import scheme + MORE

[Buzz_Burner_Fresh_Updates] UPDATE 2-U.S. SEC settles with two ex-Fannie Mae executives, but not ex-CEO – reuters.com NEW YORK, Sept 21 (Reuters) – The U.S. Securities and Exchange Commission has reached a settlement with two former Fannie Mae executives in one of its biggest lawsuits tied to the financial crisis, and the two men agreed as part […]

U.S. lobby disappointed by slow progress towards China treaty

[Buzz_Burner_Fresh_Updates] U.S. lobby disappointed by slow progress towards China treaty – reuters.com WASHINGTON (Reuters) – The U.S. business lobby expressed disappointment on Monday at the pace of negotiations on a bilateral investment treaty with China and said it was important that President Xi Jinping address the growing concerns of U.S. firms when he visits the […]