PARIS (Reuters) – Airbus parent EADS was poised on Wednesday to set out a two-tier strategy stressing growth in civil jetliners coupled with a forecast of flat defense and space activities throughout the decade.
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EADS strategy to stress Airbus commercial jets; defense, space revenues flat
LONDON (Reuters) – The 11 European Union countries that have pledged to tax financial transactions will consider excluding several key markets from the levy’s scope, an EU document showed.
LONDON (Reuters) – Financial markets gave a cautious thumbs-up on Wednesday to a provisional budget deal that could prevent the U.S. government from shutting down in the coming months.
U.S. budget deal gets cautious thumbs-up
(Reuters) – An Indian court ruling expected on Thursday could determine whether Nokia will be free to transfer a phone-making factory to Microsoft Corp or pay as much as $3.4 billion in disputed taxes.
LONDON (Reuters) – Global mining company Rio Tinto told investors on Wednesday that it had already last month exceeded its 2013 target of cutting $2 billion of operating costs.
HONG KONG (Reuters) – Alibaba Group Holding Ltd said on Wednesday it is seeking to extend the draw-down period of an $8 billion loan from January next year, a move people familiar with the e-commerce company’s plans said would buy it more time to launch an IPO.
WASHINGTON (Reuters) – A bipartisan budget deal announced in the U.S. Congress on Tuesday, though modest in its spending cuts, would end three years of impasse and fiscal instability in Washington that culminated in October with a partial government shutdown.
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U.S. budget deal could usher in new era of cooperation
TOKYO (Reuters) – A central bank survey out next week is expected to show Japanese business confidence improved in the three months to December as robust fiscal and household spending made up for soft exports — thanks to Premier Shinzo Abe’s stimulus policies.
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BOJ tankan seen showing improved business mood, capex
SYDNEY/MELBOURNE (Reuters) – General Motors Co said it would stop making cars in Australia within four years due to high costs and a cripplingly strong currency, fuelling fears rival Toyota Motors will follow suit and put the entire domestic industry at risk of collapse.
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GM says to halt manufacturing in Australia, industry in crisis
The “crazy” request was turned down and the men were paid with salary increases and bonuses, Frank DiPascali, Madoff’s former finance chief, testified
BRUSSELS (Reuters) – Euro zone countries edged toward agreeing a plan to tackle ailing banks on Tuesday but divisions remain about key parts of the reform that is needed to underpin confidence in the bloc’s lenders.
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Europe edges toward plan to close failing banks
Valeant Pharmaceuticals, which purchased Bausch & Lomb in the spring, was awarded $39.5 million from New Jersey
WASHINGTON (Reuters) – Budget negotiators in the Congress have reached an agreement on Tuesday that, if approved by the House and Senate, could restore some order to the nation’s chaotic budget process and avoid another government shutdown on January 15.
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Budget deal reached amid conservative opposition
(Reuters) – Banks and asset managers scored some small victories after U.S. regulators narrowed the scope of a provision in the Volcker rule that restricts banks’ ownership stake in hedge funds and private equity funds.
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U.S. fund industry sees modest wins in final Volcker rule
WASHINGTON (Reuters) – U.S. banks will no longer be able to make big trading bets with their own money after regulators finalized on Tuesday a rule shutting down what was a hugely profitable business for Wall Street before the credit crisis.
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U.S. finalizes Volcker rule, curbing Wall Street’s risky trades