Local bankers emerge as Fed ally in fight against audit bill

Local bankers are joining the fight against a congressional proposal to audit the U.S. Federal Reserve's policy decisions, with more expected to lobby against the bill if it gains traction in Washington.


BOJ under pressure as some board members question inflation target

Three members of the Bank of Japan's policy board expressed doubts the central bank can meet its inflation target because of a slowdown in underlying prices and falling oil, pointing to chinks in the BOJ's strategy to spark sustainable growth.

Brent price edges up on cautious optimism over Greek debt compromise

Oil prices edged up after early falls on Monday as parts of Asia returned from the Lunar New Year holiday, with Brent futures moving further away from $60 a barrel and U.S. contracts moving towards $51.

China's Wanxiang to rebrand Fisker as Elux - sources

Chinese auto parts maker Wanxiang Group (000559.SZ) will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan said Sunday.


Latest News

The German parliament could approve a four-month extension to euro zone funding for Greece, on condition Athens presents a list of reforms as promised, a senior ally of German Chancellor Angela Merkel was quoted as saying.
A pair of U.S. astronauts floated outside the International Space Station on Saturday to begin rigging parking spots for two commercial space taxis.
Greece's struggles with its euro zone creditors may have grabbed much of the world's attention, but U.S. Federal Reserve Chair Janet Yellen is likely to reclaim the spotlight this week with testimony on a long-anticipated shift in policy.
Colombia will delay spending 6 trillion pesos ($2.44 billion), some 3 percent of its national budget, due to a sharp fall in oil revenue, the government said on Saturday.
Canadian National Railway Co (CNR.TO) on Saturday again urged Unifor, the union representing 4,800 of its mechanical, clerical and intermodal staff, to agree to binding arbitration and renewed its threat to lock out those workers on Monday.
Honda Motor Co (7267.T) on Saturday praised an agreement to end a labor dispute at U.S. West Coast ports but said shipping delays will cost the company about 25,000 vehicles this month.
The U.S. refinery strike widened as workers at the nation's largest refinery walked off their jobs at 12 a.m. CST (0600 GMT) on Saturday, according to the United Steelworkers union (USW).
Greece's left-wing government insisted on Saturday it had avoided being "strangled" by the euro zone, which agreed in principle to extend a financial rescue deal as nervous savers pulled huge sums from Greek banks.
Japan Display Inc (6740.T) is considering building a plant to supply smartphone screens for Apple Inc (AAPL.O) and is negotiating with the U.S. company for investment in the project, a person familiar with the situation said on Friday.
General Motors Co was caught by surprise on Friday by a strike at its Brazilian car factory as workers protested a planned furlough and layoff of hundreds of staff, in the latest labor disruption in the nation's slumping auto industry.