  | | | Samsung to review 250 Chinese suppliers for labor violations | | SEOUL (Reuters) - Samsung Electronics Co said on Monday it would inspect 250 Chinese companies which make products for the South Korean firm to ensure no labor laws are broken after a U.S.-based group accused one of its suppliers of using child labor. | | | |  | | | At Jackson Hole, a growing fear for Fed independence | | JACKSON HOLE, Wyoming (Reuters) - Increasing political encroachment on the Federal Reserve, particularly from the Republican Party, could threaten the central bank's hard-won independence and undermine confidence in the nearly 100-year old institution. | | | | | IRS warned, but did not act on tax strategy for private equity | | WASHINGTON (Reuters) - U.S. tax authorities took no formal action after launching a probe five years ago of tax strategies used by private equity managers at firms such as Bain Capital LLC, leaving a legal gray area that is now being examined by New York's attorney general. | | | |  | | | Barclays sees Middle East driving investment bank | | DUBAI (Reuters) - The Middle East will be an important growth area in coming years for investment banks, including Barclays , as local wealth funds put their oil dollars to work buying European assets, a senior executive at the British bank said. | | | | | Spain bank rescue fund approves Bankia aid | | MADRID (Reuters) - Spain's national bank rescue fund approved an immediate capital injection of 4.5 billion euros ($5.66 billion) into ailing lender Bankia on Monday, the Fund for Orderly Bank Restructuring, or FROB, said in a statement. | | | |  | | | ECB should only supervise big banks: Schaeuble | | BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble rejected on Monday a European Commission plan to give the European Central Bank sweeping powers to monitor all euro zone banks, saying it should instead focus only on systemically important institutions. | | | | | Credit Suisse denies Swiss help Germans dodge tax pact | | ZURICH (Reuters) - The head of Credit Suisse denied on Monday that Swiss banks have been undermining a tax pact with Germany by helping wealthy clients move funds to rival financial centers such as Singapore to avoid becoming subject to taxes. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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