Warren Buffett defends 3G, touts economy in record year for Berkshire

Warren Buffett on Saturday used his annual letter to Berkshire Hathaway Inc shareholders to launch vigorous defenses of an aggressive private equity partner and a maligned mobile home unit, as his…

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Warren Buffett defends 3G, touts economy in record year for Berkshire

Post-Dieselgate, Volkswagen retools itself for faster ride

The biggest engineering feat on display when Volkswagen unveils its new concept car on Tuesday will be the team developing it: a post-Dieselgate management system crafted to operate faster, cheaper and with a lighter grip on the wheel. Last year's scandal over …

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Post-Dieselgate, Volkswagen retools itself for faster ride

U.S. urges China to keep moving to a market-oriented exchange rate

U.S. Treasury Secretary Jack Lew said on Sunday that it was critical for China to continue moving toward a more market-oriented exchange rate and clearly communicate its actions to the market. Lew made the remarks during a meeting with Chinese Vice Premier Wang Yang in Beijing, following a G

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U.S. urges China to keep moving to a market-oriented exchange rate

Central banks near policy limits but back in focus after G20

FRANKFURT/TOKYO (Reuters) – The widely predicted failure of G20 leaders to agree on bold new steps to reinvigorate the world economy at a meeting in Shanghai this weekend puts the onus firmly back on central bankers. “Monetary policy is extremely accommodative to the point that it may even be counterproductive

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Central banks near policy limits but back in focus after G20

EPA requests information from Mercedes-Benz over emission levels

Daimler on Sunday said the United States Environmental Protection Agency (EPA) had requested information from its luxury car brand Mercedes-Benz to explain emissions levels in some of its cars. A spokesman for Daimler said they are fully cooperating with the request for information, and that Mercedes-Benz cars conform with all rules and norms.

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EPA requests information from Mercedes-Benz over emission levels

Blackstone CEO took home $810.6 million in 2015

Blackstone Group LP Chief Executive Stephen Schwarzman took home $810.6 million in 2015, after the New York-based asset manager returned a record amount of cash to its shareholders following a wave of lucrative asset sales. The hefty payout represented a 17 percent rise in Schwarzman's earnings compared with 2014, in line with

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Blackstone CEO took home $810.6 million in 2015

U.S. consumer spending, inflation data keep rate hikes on table

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending rose solidly in January and underlying inflation picked up by the most in four years, keeping Federal Reserve interest rate increases on the table this year. The growth outlook was further bolstered by steady consumer sentiment in February despite a recent stock market sell-off. The

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U.S. consumer spending, inflation data keep rate hikes on table

United Tech rejects Honeywell’s $90.7 billion offer

U.S. industrial conglomerate United Technologies on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc, saying that pursuing a merger would be “irresponsible” toward its shareholders. United Technologies Corp said the two companies had talked about a possible combination for years. United Tech's filing came hours after Honeywell spelled out the details

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United Tech rejects Honeywell’s $90.7 billion offer

G20 communique says monetary policy alone cannot bring balanced growth

Policymakers from the world's top economies said on Saturday that the world needs to look beyond easy monetary policy to provide balanced growth. In a joint communique issued at the end of the two-day conference of G20 central bankers and finance ministers in Shanghai, participants repeated previous pledges not to engage in

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G20 communique says monetary policy alone cannot bring balanced growth

U.S. authorities question Citigroup about transactions in FIFA corruption probe

Citigroup Inc said it has received questions from U.S. federal authorities investigating the role of financial institutions in alleged corruption and money laundering involving FIFA. In an annual filing with securities regulators on Friday, Citigroup said it

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U.S. authorities question Citigroup about transactions in FIFA corruption probe

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