Hyundai Motor hires former GM researcher to lead self-driving car center

Hyundai Motor Group has hired a former General Motors researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating efforts on the fast-growing technology. Lee Jin-woo, 47, who has previously led autonomous driving …

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Hyundai Motor hires former GM researcher to lead self-driving car center

Auto CEOs want Trump to order review of 2025 fuel rules

By David Shepardson WASHINGTON (Reuters) – The chief executives of 18 major automakers and their U.S. units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025. In a letter sent late Friday and viewed by Reuters, the chief executives of General Motors Co , Ford Motor Co, Fiat Chrysler Automobiles NV, along with the top North American executives at Toyota Motor Corp…

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Auto CEOs want Trump to order review of 2025 fuel rules

Australian banks narrow focus of Apple Pay collective bargaining request

By Jamie Freed SYDNEY (Reuters) – Australian banks seeking permission from the country's competition regulator to bargain collectively with Apple Inc over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company's contactless payment function, removing the fees Apple charges as a bone of contention. Commonwealth Bank of Australia , Westpac Banking Corp , National Australia Bank Ltd and Bendigo & Adelaide Bank Ltd command two-thirds of Australia&#…

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Australian banks narrow focus of Apple Pay collective bargaining request

Exports prop up Japan fourth quarter GDP growth, U.S. protectionist risks loom

Japan's economy grew for a fourth straight quarter in the final three months of last year as a weaker yen supported exports, but tepid private consumption and the risks of rising U.S. protectionism cast doubts over a sustainable recovery. Japan's export-driven growth over the quarter

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Exports prop up Japan fourth quarter GDP growth, U.S. protectionist risks loom

Samsung chief appears for second round of questions in graft probe

By Se Young Lee and Ju-min Park SEOUL (Reuters) – Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. The special prosecutor has focused on South Korea's biggest conglomerate, accusing Lee in his capacity as Samsung chief of pledging…

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Samsung chief appears for second round of questions in graft probe

Senators question Goldman Sachs on its role in Trump banking policy

In a letter to CEO Lloyd Blankfein dated Feb. 9 and made public on Friday, Democratic Senators Elizabeth Warren and Tammy Baldwin asked for details on “lobbying” activities in the bank related to review of the Dodd-Frank Act and the Obama-era fiduciary rule on financial advice. Blankfein

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Senators question Goldman Sachs on its role in Trump banking policy

Top Federal Reserve official resigns as bank deregulation looms

By Jason Lange and Lisa Lambert WASHINGTON (Reuters) – The Federal Reserve Board's top bank regulator said on Friday he would resign, giving a boost to President Donald Trump's plans to ease reforms put in place after the 2007-09 financial crisis. Daniel Tarullo, a strong regulator who…

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Top Federal Reserve official resigns as bank deregulation looms

Greece says bailout deal close, but will not accept ‘illogical’ demands

By Karolina Tagaris ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras said on Saturday he believed the country's drawn-out bailout review would be completed positively but repeated that Athens would not accept “illogical” demands by its lenders. Greece and its international lenders made clear progress on Friday toward bridging differences over its fiscal path in coming years, moving closer to a deal that …

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Greece says bailout deal close, but will not accept ‘illogical’ demands

‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Speaking at the Warwick Economics Summit on Saturday, Fischer also said he thought Dodd-Frank financial regulation would not be repealed as a whole, and he hoped capital requirements for banks would not be significantly reduced.

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‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

Russia to decide in April-May if global oil deal should be extended: TASS

MOSCOW (Reuters) – Russia will decided in April or May whether an agreement on global oil output cuts between OPEC and non-OPEC producers, set to end on June 31, should be extended, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Saturday.

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Russia to decide in April-May if global oil deal should be extended: TASS

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