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As Teck oil sands mine hopes for okay from Canada’s Trudeau, 20 other projects on hold

As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources’ Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices.

Banned Thai opposition party says junta helped 1MDB cover-up

A banned Thai opposition party on Sunday accused the former military junta of helping cover up Malaysia’s multi-billion-dollar 1MDB scandal, urging Thais to demand the truth ahead of a censure debate against Prime Minister Prayuth Chan-ocha.

No global digital tax by end-2020 would mean digital tax chaos: France

Failure to reach a global deal on where and how much to tax digital giants like Google, Amazon or Facebook would result in many digital tax regimes emerging all over the world, France’s Finance Minister said on Sunday.

G20 finance heads wrap up meeting overshadowed by virus outbreak

Finance leaders of the world’s top 20 economies wrapped up their two-day meeting on Sunday that was dominated by growing concern over the widening fallout from the coronavirus outbreak.

Exclusive: If Lebanon needs financial aid, France will be there, finance minister says

France is ready to support Lebanon financially — bilaterally or multilaterally — its finance minister said on Sunday, warning against mixing economic recovery in the small Mediterranean state with U.S.-led efforts to counter Iran in the region.

Shifting sands of inflation unsettle top bankers at Riyadh G20 meeting

Central bankers from the United States, Japan and the euro zone meeting in the desert kingdom of Saudi Arabia this weekend had their own shifting sands to cross – those of elusive inflation.

Newly-banned Thai opposition party says junta helped 1MDB cover-up

A banned Thai opposition party on Sunday accused the former military junta of helping cover up Malaysia’s multi-billion-dollar 1MDB scandal, urging Thais to demand the truth ahead of a censure debate against Prime Minister Prayuth Chan-ocha.

Hughes fears Indian closure, bank disruptions over unpaid fees

U.S. satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the government, which could put thousands of banking services at risk, a company letter seen by Reuters showed.

TurboTax maker Intuit nears agreement to buy Credit Karma for $7 billion: WSJ

Intuit Inc is nearing an agreement to buy financial technology portal Credit Karma Inc for about $7 billion, the Wall Street Journal reported.

Samsung Electronics confirms coronavirus case at phone factory complex in South Korea

Samsung Electronics said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in the southeastern city of Gumi, causing a shutdown of its entire facility there until Monday morning.

Buffett defends Berkshire stock push, reassures on future as profit smashes record

Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company.

Rising stocks fuel record profit for Buffett’s Berkshire; operating profit disappoints

Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its old record for full-year earnings.

Buffett calls for more accountability for corporate directors

Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock.

Let’s come together to tax tech giants, say G20 officials eyeing $100 billion boost

Leading world economies must show unity in dealing with aggressive “tax optimization” by global digital giants like Google , Amazon and Facebook , G20 officials said on Saturday.

Buffett defends stock investments, which fueled record Berkshire profit

Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company.

G20 sees need to coordinate coronavirus response as IMF trims growth forecasts

The world’s top economies called on Saturday for a coordinated response to the coronavirus outbreak, which the IMF predicted would lower China’s growth this year to 5.6% and shave 0.1 percentage points from global growth.

Honda’s Philippine unit to close auto production plant

The Philippine unit of Honda Motor Co Ltd said on Saturday its production facility will shut down next month, as the Japanese automaker struggles to shore up global automobile operations.

Japan urges G20 members with fiscal scope to boost spending

Japan called on G20 countries with fiscal space to ramp up spending to help the global economy weather risks, including the fallout from the coronavirus outbreak, Finance Minister Taro Aso said on Saturday.

The ECB wants to talk to you about inflation. But will it listen?

For many people, the language of European Central Bank policymakers is so impenetrable, it could be beamed from another planet.

Buffett defends investments in stocks, which fueled record Berkshire profit

Warren Buffett on Saturday defended Berkshire Hathaway Inc’s decision to invest heavily in the stocks of companies such as Apple Inc, while giving new details about how Berkshire Hathaway is prepared for his death in an annual letter to shareholders posted on the company’s website.

Encryption on Facebook, Google, others threatened by planned new bill

U.S. legislation will be introduced in the coming weeks that could hurt technology companies’ ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on such platforms.

Tesla resumes tree cutting in Germany to build Gigafactory

Tesla Inc said it had resumed tree cutting in Gruenheide, Germany so it can construct its first European car and battery factory following moves by environmentalists to stop local deforestation.

Markets underprice coronavirus risk: UBS chairman on Bloomberg TV

Markets are underpricing the risk that the coronavirus outbreak poses to the global economy, and central banks need to help business survive the impact of the virus, the chairman of Swiss lender UBS , Axel Weber, said.

RBC to launch U.S. consumer bank betting on wealthy clients

Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim of expanding deposits, its chief financial officer told Reuters on Friday after the bank posted first-quarter profit that beat expectations.

Wells Fargo to pay $3 billion to U.S., admits pressuring workers in fake-accounts scandal

Wells Fargo & Co has agreed to pay $3 billion to resolve criminal and civil probes into fraudulent sales practices and has admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday, wrapping up one of the last major investigations looming over the bank.

Boeing finds debris in fuel tanks of many undelivered 737 MAX jets

Boeing Co has found debris in the fuel tanks of dozens of undelivered 737 MAX jets amid ongoing inspections as the Chicago-based planemaker struggles to restore the trust of airlines and the wider public in the grounded fleet.

France ready to hear U.S. proposal on digital tax

France is ready to listen to the U.S. administration’s proposal of offering U.S. companies a “safe harbor” from a new, international digital tax, its finance minister said on Saturday, while admitting that he still didn’t know what that meant in practice.

Let’s come together to tax tech giants, say G20 officials eying $100 billion boost

Leading world economies must show unity in dealing with aggressive “tax optimization” by global digital giants like Google , Amazon and Facebook , G20 officials said on Saturday.

U.S. Treasury’s Mnuchin: Tax certainty needed on global basis

U.S. Treasury Secretary Steven Mnuchin said on Saturday it was very important to have tax certainty on a global basis and that the OECD was very close to consensus on a framework for minimum corporate tax.

Federal prosecutors probing if Boeing pilot knowingly lied to FAA: NYT

Federal prosecutors investigating Boeing Co are examining whether the U.S. planemaker knowingly misled the Federal Aviation Administration while it was seeking approval for its 737 MAX jet, the New York Times reported, citing two people familiar with the matter.

Boeing finds debris in fuel tanks of many undelivered 737 MAX jets inspected so far

Boeing Co has found debris in the fuel tanks of dozens of undelivered 737 MAX jets amid ongoing inspections as the Chicago-based planemaker struggles to restore the trust of airlines and the wider public in the grounded fleet.

Morgan Stanley to get $375 million termination fee if E*Trade walks away from deal

Morgan Stanley will receive a $375 million breakup fee if E*Trade Financial Corp walks away from its $13 billion deal for the discount brokerage, the U.S. bank said on Friday.

Inside the Philip Morris campaign to ‘normalize’ a tobacco device

At Germany’s Bambi Awards for the media industry in November, celebrities posed for red-carpet photos against a backdrop of established luxury brands. Alongside the likes of Mercedes-Benz and Swiss watchmaker Chopard was a newer name: IQOS, a “reduced risk” heated-tobacco device sold by cigarette maker Philip Morris International Inc.

U.S. SEC probes Altria’s investment in Juul: source

U.S. regulators have opened a probe regarding Marlboro maker Altria Group Inc’s investment in e-cigarette maker Juul Labs Inc, according to a person familiar with the matter.

EBay in discussions with multiple parties for sale of classified business

EBay Inc is in discussions with multiple candidates regarding a potential transaction for its classified-ads business, the company said on Friday.

Coronavirus fears, U.S. business data drag down Wall Street

U.S. stocks sold off and the Nasdaq had its worst daily percentage decline in about three weeks on Friday as a spike in new coronavirus cases and data showing a stall in U.S. business activity in February fueled investors’ fears about economic growth.

Branson says new Virgin cruise line will overcome coronavirus fears

British entrepreneur Richard Branson heralded his first cruise ship “Scarlet Lady” on Friday as targeting a younger generation of holidaymakers with a range of attractions that he believes will outweigh any fears around coronavirus.

Factbox: Remaining hurdles for scandal-hit Wells Fargo

Wells Fargo & Co has racked up well over $7 billion in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds.

Stocks slip as coronavirus fears spur safe-haven buying

Global equity markets slumped on Friday as the fast-spreading coronavirus drove investors into safe havens, with gold hitting a fresh seven-year high and the yield on the 30-year U.S. Treasury bond sliding to an all-time low.

Federal prosecutors investigating whether Boeing pilot knowingly lied to FAA: NYT

Federal prosecutors investigating Boeing Co are examining whether the U.S. planemaker knowingly misled the Federal Aviation Administration while it was seeking approval for its 737 MAX jet, the New York Times reported https://www.nytimes.com/2020/02/21/business/boeing-737-max-investigation.html, citing two people familiar with the matter.

In next downturn, Fed may opt for quick, strong action

In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and use them more aggressively, or risk getting mired in growth-sapping deflation or worse.

Big tech cos pull out of San Francisco conferences on coronavirus concerns

Verizon Communications Inc has pulled out of the RSA cyber security conference due to coronavirus-related concerns, the organizer said https://www.rsaconference.com/novel-coronavirus-update on Friday.

U.S. SEC probes Altria’s investment in Juul: WSJ

U.S. regulators have opened a probe regarding Marlboro maker Altria Group Inc’s investment in e-cigarette maker Juul Labs Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Take Five: ‘Our currency, your problem’ – all over again

The dollar juggernaut rolls on. The U.S. currency has rocketed to a near three-year high versus the euro <EUR=>, a 10-month high against the yen and an 11-year peak versus the Aussie. This month alone it’s added 2.5% against six currency peers.

Wells Fargo to pay $3 billion to U.S. authorities to resolve probe into fake accounts

Wells Fargo & Co and one of its units will pay $3 billion to resolve criminal and civil probes into years of fraudulent sales practices, U.S. authorities said on Friday, wrapping up one of the last one major investigations looming over the bank.