Edition: U.S. / Global

Thursday, November 13, 2014

Business

President Vladimir V. Putin, left, with other world leaders at the Group of 20 summit meeting in St. Petersburg, Russia, last year.
Mikhail Klimentyev/Ria Novosti Kremlin, via European Pressphoto Agency

President Vladimir V. Putin, left, with other world leaders at the Group of 20 summit meeting in St. Petersburg, Russia, last year.

Leaders will gather in Australia this weekend, but their interactions are likely to be strained by events in Ukraine, territorial disputes in Asia and war in the Middle East.

U.S.-India Agreement Clears Way for Global Trade Deal

Talks on the trade deal reached an impasse in July when India said it would veto it unless a dispute over its food security program was resolved.

Honda Issues Fresh Recall After Death in Malaysia Is Linked to Airbag

The fatality is the first outside the United States to be linked to defective airbags made by Takata.

Deal on Carbon Emissions by Obama and Xi Jinping Raises Hopes for Upcoming Paris Climate Talks

The emissions targets announced by President Obama and the Chinese leader are expected to be at the heart of a 2015 international climate treaty.

Pfizer and Aid Groups Team Up on Depo-Provera Contraceptive for Developing World

Groups including the Bill and Melinda Gates Foundation aim to help bring an easier-to-inject form of Depo-Provera to 69 developing countries.

DealBook

Switzerland Opens Criminal Inquiry of Currency Traders

The Swiss attorney general’s office is investigating several individuals in relation to potential manipulation of the foreign currency markets.

DealBook

Big Banks Are Fined $4.25 Billion in Inquiry Into Currency-Rigging

The fines come as regulators are increasingly targeting a business culture in the financial industry that they say encourages improper conduct by its employees.

DealBook

Bank of England Officials Cleared of Wrongdoing in Currency Manipulation

An inquiry found that no one at the central bank was involved in unlawful behavior, but a top official was fired after he failed to follow internal policies.

DealBook

London Stock Exchange on Track to Complete Russell Investments Deal This Year

The exchange said it expected to complete the $2.7 billion acquisition of the operator of the Russell 2000 index “within the next few weeks.”

DealBook

Virgin Money Valued at About $2 Billion in I.P.O.

The British financial services company partly owned by Richard Branson delayed its I.P.O. last month because of volatile market conditions.

DealBook

ING to Further Cut Stake in Former U.S. Arm, Voya Financial

The sale is the latest step in ING’s transformation into a much smaller company with a primary focus on banking.

DealBook

DP World to Pay $2.6 Billion for Operator of Industrial Parks

The Dubai port operator DP World agreed to acquire Economic Zones World, giving it access to the Jebel Ali Free Zone.

Jean-Claude Juncker Breaks Silence Over Luxembourg Tax Issues

The former prime minister of Luxembourg, now the president of the European Commission, denied that his “ambition was to organize tax evasion in Europe.”

DealBook

Debts Canceled by Bankruptcy Still Mar Consumer Credit Scores

Officials suspect that big banks ignore bankruptcy court discharges, keeping debts alive on credit reports and impairing borrowers’ ability to secure housing and jobs.

VW to Allow Labor Groups to Represent Workers at Chattanooga Plant

The U.A.W., which lost a vote in February to represent the workers, hailed the policy because it would mean partial recognition of the union and regular discussions with management.

Unbuttoned

Should Hermès, LVMH and Kering Keep Their Fights Private?

Kering, LVMH and Hermès have been in and out of court in recent years. It’s time for this fashion trend to end.

Busting a Barrier, Preserving the Seams

A handful of clothing companies were founded within the last year to cater to muscular athletes whose proportions fall outside the average body type.

Russia Reaches Deal With Iran to Construct Nuclear Plants

The agreement to supply civilian power technology shows that Russia is pressing ahead with its own vision for ensuring that Iran does not build nuclear weapons.

Sony to Introduce Web-Based TV Service, PlayStation Vue

The new subscription service offers a personalized, searchable way to watch live and on-demand television delivered over an Internet connection.

Advertising

A Video Network Devoted to ‘All Things Home’

As an executive at a furniture company in North Carolina, Jason Harris discovered how well video could sell and decided to start an online video network dedicated to home décor.

Case Study

A Sweet Breakfast Memory That Connects With the Wrong Market

Christopher Pouy founded Cow Wow Cereal Milk to bring a taste of his past to today’s children. But the milk is proving more popular with an older set.

Global Trends

The Factory to the World Needs a Hand

For more than a decade, China and its neighbors have seemingly lived by a tacit agreement: Trade more, play down disputes and enjoy the rising wealth. But wariness and fragility are setting in.

Fostering Growth With Greater Economic Cooperation

Takehiko Nakao, president of the Asian Development Bank, explains how the Group of 20, which is meeting in Australia this weekend, can bolster economies and fight corruption.

Insight and Analysis
DealBook

Foreign Exchange Settlement Shows the Lessons Banks Have Learned

Perhaps the biggest lesson from the settlement was seen after other cases involving big fines — there will be little real change in how global banks act.

Green Column

Ireland Sets Water Fees, Angering Thousands

Protesters say free water is a human right, but economists say use charges promote efficiency.

Economic Scene

Net Neutrality Debate: Internet Access and Costs Are Top Issues

After President Obama urged the F.C.C. to set tougher net neutrality rules, questions loom about decreased competition and the cost of monitoring.

By Degrees

A Tricky Transition From Fossil Fuel

Denmark is pursuing the world’s most ambitious policy against climate change, but conventional electricity remains a problematic part of the mix.

Special Section: Well Appointed

Mystique of Tiny Gadgets for the Elite Business Traveler

Devices like flash drive cuff links or tiny projectors are micronovelties that help business executives work more efficiently while they’re on the road.

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