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Apple to set up R&D center in Shenzhen, bolster China ties

By Sijia Jiang HONG KONG (Reuters) – Apple Inc will set up a research and development center in China's manufacturing metropolis Shenzhen, the U.S. tech giant said on Wednesday, as the firm looks to spur growth in …

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Apple to set up R&D center in Shenzhen, bolster China ties

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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

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Volkswagen allocates 20 billion bridge loan to 13 banks: sources

FRANKFURT (Reuters) – Volkswagen has split a 20 billion euro ($21.1 billion) bridge loan between 13 banks to help shoulder the costs of its emissions scandal, two people familiar with the matter said.

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Volkswagen allocates 20 billion bridge loan to 13 banks: sources

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AB InBev seeks to sell SABMiller’s Grolsch, Peroni brands

By Philip Blenkinsop BRUSSELS (Reuters) – Anheuser-Busch InBev is looking to sell SABMiller's Grolsch and Peroni brands to address potential concerns among European competition regulators over its planned acquisition of the world's second largest brewer. The sale of the brands and their related businesses in Italy, the Netherlands and Britain would be conditional on AB InBev acquiring SABMiller in a cash and share offer currently worth some 72 billion pounds ($108 billion). AB InBev said on Thursday…

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AB InBev seeks to sell SABMiller’s Grolsch, Peroni brands