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U.S. judge grants Hanjin temporary protection from U.S. creditors

Korean shipping line Hanjin Shipping Co Ltd won an order on Tuesday from a U.S. judge extending bankruptcy protections so its vessels can dock at U.S. ports without fear creditors will try take actions against the ships as they have in other countries. U.S. Bankruptcy Judge John Sherwood approved a motion by the world's seventh largest container carrier that sought to extend to the United States the protection from creditors that…

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U.S. judge grants Hanjin temporary protection from U.S. creditors

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Fed’s Williams sees ‘unsustainable tension’ on pot-related banking

RENO, Nev. (Reuters) – As more and more states legalize the use of marijuana, which is banned under U.S. federal laws, banks are facing “unsustainable tension” that needs to be resolved by Congress, San Francisco Fed President John Williams said on Tuesday. “This is a big issue for this country,” Williams said…

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Fed’s Williams sees ‘unsustainable tension’ on pot-related banking

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Bosch concealed Volkswagen use of ‘defeat device’ software: lawyers

By David Shepardson WASHINGTON (Reuters) – Auto supplier Robert Bosch GmbH [ROBG.UL] concealed the use of Volkswagen AG's secret “defeat device” software that it helped design and demanded in 2008 that the German automaker provide legal protection in its use, lawyers for American owners alleged in a court filing. The filing on Friday in U.S. District Court in San Francisco expands on claims plaintiffs lawyers made in August, when they alleged Bosch was a “knowing and active participant” in Volkswagen's decade-long scheme to…

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Bosch concealed Volkswagen use of ‘defeat device’ software: lawyers

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Fed’s Williams says U.S. economy in good shape, wants rate hike

A top Federal Reserve official on Tuesday repeated his call for gradual interest rate hikes, evidently unfazed by a slowdown in U.S. job gains and sluggishness in the services sector that now has traders betting against any rate hike at all this year. It “makes sense …

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Fed’s Williams says U.S. economy in good shape, wants rate hike

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U.S. banks need better defenses against rates shock, regulators warn

Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning. The dynamic “raises …

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U.S. banks need better defenses against rates shock, regulators warn

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Russia’s Rosneft stake valued at over $11 billion for privatization: source

LONDON/MOSCOW (Reuters) – Russia could fetch over $11 billion in privatizing oil firm Rosneft but needs to guarantee stable tax regime ahead and during the sale, an industry source said citing documents submitted to the Russian government. The documents were submitted this week by Rosneftegas, which owns control in …

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Russia’s Rosneft stake valued at over $11 billion for privatization: source

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Oil heads for biggest weekly loss in eight months despite gains

Russian President Vladimir Putin told Bloomberg an agreement between oil exporters to freeze output would be the right decision to support the market. “Prices are up on a weaker dollar in the aftermath of the U.S. ISM numbers yesterday and Putin's latest attempt to stabilize

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Oil heads for biggest weekly loss in eight months despite gains

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Tesla wins U.S. antitrust approval to buy SolarCity

Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp , moving closer to its goal of creating a carbon-free energy and transportation company. The Federal Trade Commission said on Thursday that the deal was approved. Tesla said in July after it made its first offer that by acquiring SolarCity the two companies would form a one-stop shop for clean energy, offering consumers solar panels, home battery storage and electric cars under a single brand.

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Tesla wins U.S. antitrust approval to buy SolarCity

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U.S. agency rolls out refinance program for homeowners

The regulator of Fannie Mae and Freddie Mac unveiled on Thursday a program aimed at homeowners who are paying their mortgages on time but whose loan-to-value (LTV) ratios are too high to qualify for traditional refinance …

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U.S. agency rolls out refinance program for homeowners

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As central bankers gather, some at Fed make rate-hike case

As central bankers converge on this mountain resort Thursday for an annual conference on monetary policy, a couple of top Federal Reserve officials took the chance to renew a push for interest-rate hikes, citing improvement in employment and inflation. “The case is strengthening” for a rate hike, Dallas Fed President Robert Kaplan told CNBC, whose open-air studio here overlooks the craggy peaks of the Grand Teton National Park. “And you should conclude from that in the not-too-distant future … …

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As central bankers gather, some at Fed make rate-hike case

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