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British businesses ‘lazy and fat’, pro-Brexit trade minister says

Britain as a trading nation has become “too lazy and too fat” and business leaders are more interested in playing golf on Friday afternoons than in seeking new export markets, International Trade Secretary Liam Fox was recorded saying. Fox, who was a prominent campaigner for Britain to leave the European Union and says the country must forge new trading relationships with the rest of the world, was recorded making the comments during a drinks party with activists…

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British businesses ‘lazy and fat’, pro-Brexit trade minister says

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Obama says countries must move in concert on tax avoidance

U.S. President Barack Obama said on Monday that the United States had to move in concert with other countries on the issue of tax avoidance, as some U.S. allies were “racing to the bottom” with their tax policies. The European Commission said last …

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Obama says countries must move in concert on tax avoidance

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Obama seeks to convince Asian partners that Washington will approve TPP

U.S. President Barack Obama said on Monday that U.S. trading partners in Asia did not need to be persuaded of the benefits of the Trans-Pacific Partnership, just that Washington would eventually approve the trade pact. Obama has made the 12-nation TPP the centerpiece…

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Obama seeks to convince Asian partners that Washington will approve TPP

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Icahn denies attempt to sell Herbalife stock, buys more shares

Herbalife shares rose 4 percent in extended trading, reversing course after Icahn said he had bought 2.3 million shares on Friday. “Completely contrary to what Bill Ackman stated on television today, I have never given Jefferies an order to sell any of our Herbalife shares,” Icahn said in a statement after market close. Ackman, who unveiled a $1 billion short bet against Herbalife in 2012, said on CNBC earlier in the day that Icahn's planned stake

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Icahn denies attempt to sell Herbalife stock, buys more shares

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Redstone granddaughter agrees to case dismissal, helps broader deal

The granddaughter of Viacom Inc's controlling shareholder Sumner Redstone has agreed to let a Massachusetts court dismiss claims brought by former company leaders, a step that will help end a battle over the fate of the media empire. …

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Redstone granddaughter agrees to case dismissal, helps broader deal

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For the Fed’s Yellen ‘conventional’ unconventional policy is enough

By David Chance WASHINGTON (Reuters) – For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using…

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For the Fed’s Yellen ‘conventional’ unconventional policy is enough

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Growth snapshots ahead in world awash with cheap money

By Jonathan Cable LONDON (Reuters) – Bumper July jobs data from the United States have again begun to stoke expectations of a September rate hike from the Federal Reserve, just when other major central banks around the globe are unleashing ever-looser policy. New Zealand's central bank is also expected to join the easing brigade with a cut on Thursday. Slow growth and virtually non-existent euro zone inflation will also force the European Central Bank to extend and expand…

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Growth snapshots ahead in world awash with cheap money

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France’s Danone to buy WhiteWave to boost U.S. business

France's Danone said on Thursday it would double the size of its U.S. business by buying organic foods producer WhiteWave Foods Co for $10.4 billion in its largest acquisition since 2007. The purchase will help Danone pursue affluent consumers by adding WhiteWave's popular health food offerings such as Silk almond milk, Earthbound Farm organic salad and Horizon organic milk to its lineup as it struggles in more challenging markets such as…

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France’s Danone to buy WhiteWave to boost U.S. business

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Fed keeps interest rates unchanged, signals fewer future hikes

By Jason Lange and Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday and signaled it still planned to raise rates twice in 2016, though it said slower economic growth would crimp the pace of monetary policy tightening in future years. Only one Fed policymaker had done so when economic forecasts were last issued in March. A sharp slowdown in U.S. hiring in

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Fed keeps interest rates unchanged, signals fewer future hikes

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Exiled tycoon Mallya: India wrong to sequester some assets in graft case

Exiled tycoon Vijay Mallya said on Sunday that Indian authorities trying to recover about $1.4 billion from his collapsed Kingfisher Airlines had no legal grounds for sequestering certain assets in a money laundering case. The Enforcement Directorate (ED) tweeted on Saturday that it had “attached” properties worth 14.11 billion Indian rupees ($210.78 million) in the case involving a loan from state-owned IDBI Bank

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Exiled tycoon Mallya: India wrong to sequester some assets in graft case

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