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Asian shares ease, taking cue from Wall Street, oil slips

A pedestrian looks at an electronic board showing the various stock prices outside a brokerage in TokyoAsian shares eased on Wednesday following modest losses on Wall Street, but were still on track for a monthly rise as investors waited to see if upcoming job data could prod the Federal Reserve into raising interest rates as soon as September. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent as traders awaited Friday's job report, but looked set for a near 2 percent gain in August. Japan's Nikkei stock index added 0.9 percent, poised to rise 1.8 percent for the month, as it got a boost from a weaker yen after upbeat U.S. data lifted the dollar overnight.

Tue, 30 Aug 2016 20:47:07 -0400
EU ruling on Apple stirs calls for U.S. tax reform

A sign is seen outside the Apple Store in Covent Garden in LondonBy David Morgan and Jason Lange WASHINGTON (Reuters) - A European Commission order requiring Apple Inc to pay Ireland $13 billion euros ($14.5 billion) in unpaid taxes on Tuesday drew swift rebukes from the Obama administration and lawmakers in Congress, while reigniting calls for U.S. tax reform. The White House and the Treasury Department, which enforces federal tax policy, warned that U.S.-EU economic relations could be affected by the European Commission's ruling that Apple had received illegal state aid under its agreement with Ireland. The Business Roundtable, which represents U.S. chief executives, called the decision "an act of aggression" against a law-abiding U.S. company and a sovereign government.

Tue, 30 Aug 2016 20:44:23 -0400
Exclusive: SWIFT discloses more cyber thefts, pressures banks on security

Photo illustration of the SWIFT logoSWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February's high-profile $81 million heist at Bangladesh Bank. In a private letter to clients, SWIFT said that new cyber-theft attempts - some of them successful - have surfaced since June, when it last updated customers on a string of attacks discovered after the attack on the Bangladesh central bank. "The threat is persistent, adaptive and sophisticated - and it is here to stay." The disclosure suggests that cyber thieves may have ramped up their efforts following the Bangladesh Bank heist, and that they specifically targeted banks with lax security procedures for SWIFT-enabled transfers.

Tue, 30 Aug 2016 20:06:26 -0400
SEC awards $22 million to ex-Monsanto executive through whistleblower program

Monsanto logo is displayed on a screen where the stock is traded on the floor of the NYSEThe award of $22,437,800 was tied to an $80 million settlement between the SEC and Monsanto in February, according to the lawyer, Stuart Meissner in New York, in a statement. Meissner declined to reveal the whistleblower's identity.

Tue, 30 Aug 2016 18:41:55 -0400
U.S. job market optimism lifts consumer confidence to 11-month high

People wait in line to enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New YorkU.S. consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market, in a further sign that the economy was regaining steam after faltering in the first half of the year. While other data on Tuesday showed a moderation in house prices in June, the gains probably remain sufficient to boost household wealth and continue to support consumer spending, as well as make home purchasing affordable for first-time buyers. The Conference Board said its consumer confidence index increased 4.4 points to 101.1 this month, the highest reading since September 2015.

Tue, 30 Aug 2016 14:00:10 -0400
AstraZeneca to pay $5.52 million to resolve SEC foreign bribery case

A sign is seen at an AstraZeneca site in MacclesfieldThe U.S. Securities and Exchange Commission detailed the settlement with the London-based drug company in an order instituting an administrative proceeding arising out of violations of provisions in the Foreign Corrupt Practices Act. AstraZeneca, which cooperated with the probe, neither admitted nor denied wrongdoing.

Tue, 30 Aug 2016 19:33:37 -0400
EU-U.S. trade deal in doubt as France urges end to talks

A sign against the TTIP free trade agreement is pictured in FrankfurtPARIS/BRUSSELS (Reuters) - France cast serious doubt on Tuesday on the prospects of an EU free trade deal with the United States, adding to opposition within Germany and growing scepticism among Americans. Washington and Brussels are officially committed to sealing the Transatlantic Trade and Investment Partnership (TTIP) before U.S. President Barack Obama leaves office in January, but their chances of doing so are being eroded by approaching elections on both sides of the Atlantic and Britain's vote in June to leave the European Union.

Tue, 30 Aug 2016 15:38:21 -0400
Oil prices dip on stronger dollar; rise in U.S. crude stocks data

The Wider Image: Fuel prices around the worldCrude oil futures fell in early trade on Wednesday as the U.S. dollar held around three-week highs and industry stocks data indicated a build in U.S. crude inventories. International Brent crude oil futures were trading at $48.27 per barrel at 2052 EST, down 10 cents, or 0.2 percent, from their previous close. U.S. West Texas Intermediate (WTI) crude futures were down 16 cents, or 0.4 percent, at $46.19 a barrel.

Tue, 30 Aug 2016 21:15:51 -0400
South Korea Hanjin Shipping decides to file for court receivership: Yonhap

Hanjin Shipping's container terminal is seen at the Busan New Port in BusanSEOUL (Reuters) - South Korea's Hanjin Shipping Co Ltd &<117930.KS&> has decided to file for court receivership, wire service Yonhap reported on Wednesday, citing unidentified shipping industry sources.

Tue, 30 Aug 2016 21:23:00 -0400
Gap reports fire at Fishkill distribution center, no injuries

A sign hangs outside a GAP clothing retail store in Manhattan, New YorkAll employees at the site affected by the blaze late on Monday were safe and an investigation was still underway, Gap spokeswoman Debbie Felix said. The clothing retailer owns a network of distribution centers in North America and England, including the affected facility, which spans over 8.6 million square feet (80 hectares), according to a regulatory filing. "The Fishkill distribution center is a primary distribution center for the northeast," said Nomura analyst Simeon Siegel, who added that Gap was re-routing inventory through another center.

Tue, 30 Aug 2016 20:09:48 -0400
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