Daily Wrap Up - August 9
Fed Treads Carefully, Bolstering Digital Ads, Details Stall Tax Deal
Fed to dampen rate hike talk, halt Treasury buying
The Federal Reserve meets this week with the delicate task of curbing a surge in expectations that it is ready to starting raising interest rates, without snuffing out crucial optimism on the economy. Read Full Article here.
Publicis to buy Razorfish ad agency from Microsoft
Publicis struck a $530 million deal with Microsoft to buy the Razorfish ad agency and boost its position in digital communications, the world's third-largest communications group said on Sunday. Read Full Article here.
UBS tax talks stall over data transfer details: report
U.S.-Swiss talks to settle a tax evasion row against UBS have stalled as the two states have yet to agree legal details on how to allow the transfer of some bank client data to Washington, a Swiss paper said on Sunday. Read Full Article here.
RHJ head says Opel sale not foregone conclusion
The outcome of the bidding process for GM's German unit Opel is not a foregone conclusion despite widespread backing for rival bidder Magna, the head of RHJ International said in a newspaper interview. Read Full Article here.
China secrets agency says Rio spied for 6 years
China's state secrets watchdog has accused mining multinational Rio Tinto of engaging in commercial spying over six years, saying data on Rio computers showed the espionage came at a huge loss to China. Read Full Article here.
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