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Iran says it sealed Boeing plane deal at half price

Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing airliners in an order that the American planemaker had said was worth $16.6 billion. Boeing and its European rival Airbus have both signed huge contracts this month to supply airliners to Iran, the first such deals since international sanctions were lifted under a deal to curb Tehran's nuclear program. Replacing Iran's antiquated civil aviation …

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Iran says it sealed Boeing plane deal at half price

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Crude oil futures rise after U.S. stockpiles fall

TOKYO (Reuters) – Oil futures rose in early Asian trading on Wednesday after an industry group released weekly figures showing U.S. stockpiles fell more than expected last week.

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Crude oil futures rise after U.S. stockpiles fall

asian

U.S., Japan disagreement on yen moves overshadows G7 meeting

By Leika Kihara and Tetsushi Kajimoto SENDAI, Japan (Reuters) – The United States issued a fresh warning to Japan against intervening in currency markets on Saturday as the two countries' differences over foreign exchange overshadowed a Group of 7 finance leaders' gathering in the Asian nation. Japan and the United States are at logger-heads over currency policy with Washington…

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U.S., Japan disagreement on yen moves overshadows G7 meeting

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China removes stocks regulator head after market woes

By Adam Jourdan SHANGHAI (Reuters) – China has removed the head of its securities regulator following a turbulent period in the country's stock markets, appointing a top state banking executive as his replacement, as leaders move to restore confidence in the economy. The announcement on the official Xinhua news agency on Saturday follows a string of assurances from senior leaders following the Lunar New Year holiday that China…

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China removes stocks regulator head after market woes

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China market tsar in spotlight amid stock market turmoil

By Matthew Miller and Shu Zhang BEIJING (Reuters) – Xiao Gang, China's stock market tsar, once remarked that the only thing he'd done right in life was marry his wife. No doubt the self-effacing Xiao, chairman of China Securities Regulatory Commission (CSRC), has

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China market tsar in spotlight amid stock market turmoil

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EU questions McDonald’s tax deals with Luxembourg

EU antitrust regulators will investigate McDonald's tax deals with Luxembourg which enabled the U.S. fastfood chain to escape paying taxes on European franchise royalties from 2009, in a move which could lead to hefty back taxes for the company. The action by the European Commission comes two months after it ordered Luxembourg to recover up to 30 million euros ($31.7 million) from Fiat Chrysler Automobiles and the Dutch to do the same for Starbucks because their tax deals…

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EU questions McDonald’s tax deals with Luxembourg

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ADB chief doesn’t expect Fed hikes to trigger Asian financial crisis

By Tetsushi Kajimoto and Takashi Umekawa TOKYO (Reuters) – Asian Development Bank President Takehiko Nakao said on Thursday he did not expect U.S. interest rate rises to trigger a financial crisis in Asia, but the bank remains ready to lend support to vulnerable countries. The U.S. Federal Reserve is widely expected to raise interest rates for the first…

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ADB chief doesn’t expect Fed hikes to trigger Asian financial crisis