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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

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

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

U.S. law saves billions on credit card fees, but risks remain: CFPB

Credit card holders have avoided more than $16 billion in fees over the last few years because of tighter regulation of the U.S. card market, but they are still vulnerable to…

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U.S. law saves billions on credit card fees, but risks remain: CFPB

U.S. crude oil prices dip after unexpected rise in stockpiles

Crude prices dipped in early Asian trading hours on Wednesday as U.S. stockpiles rose against expectations, compounding a glut that is seeing hundreds of thousands barrels of oil being produced every day in excess of demand. The increase …

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U.S. crude oil prices dip after unexpected rise in stockpiles

Cyber Monday sales top $3 billion as discounts spur buyers

Shopping through mobile devices soared on Cyber Monday, accounting for more than a quarter of the $3 billion in sales, but many online retailers struggled to get visitors using smartphones and tablets to shop as much as those using desktops. Bigger-than-expected discounts …

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Cyber Monday sales top $3 billion as discounts spur buyers

Exclusive: KKR, Thoma Bravo, Vista eye $4 billion Dell assets – sources

Buyout firms KKR & Co LP , Thoma Bravo LLC and Vista Equity Partners Management LLC are competing for $4 billion worth of Dell Inc's assets, people familiar with the matter said, as the computer maker steps up asset sales. Divesting these assets would help Dell bolster its balance sheet after it agreed in October to buy data storage company EMC Corp for $67 billion. The three private equity firms are vying for Dell's Quest Software, which helps with information technology management, as well as SonicWall, an…

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Exclusive: KKR, Thoma Bravo, Vista eye $4 billion Dell assets – sources

Facebook’s CEO and wife to give 99 percent of shares to couple’s foundation

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Mark Zuckerberg will put 99 percent of his Facebook Inc shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter. The plan, which was posted on the…

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Facebook’s CEO and wife to give 99 percent of shares to couple’s foundation

U.S. manufacturing contracts, but rest of economy humming along

U.S. manufacturing contracted in November for the first time in three years as the sector buckled under the weight of a strong dollar and deep spending cuts by energy firms, but robust automobile sales suggested the economy remained on solid ground. Other data released on Tuesday showed a sturdy increase in construction spending in October, which should help offset the drag from manufacturing on fourth-quarter economic growth. With manufacturing accounting for only 12 percent of the …

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U.S. manufacturing contracts, but rest of economy humming along

Jailed Libor trader Tom Hayes appeals 14-year sentence, conviction

Tom Hayes, the first trader convicted by a jury of manipulating Libor benchmark interest rates, on Tuesday begins a two-day, appeal against his conviction and a 14-year jail sentence, one of the toughest to date for white collar crime. The London case is being heard by Lord Chief Justice John Thomas — the head…

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Jailed Libor trader Tom Hayes appeals 14-year sentence, conviction

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