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Wells Fargo faces customer suit over unauthorized accounts

Sep 17, 2016

Wells Fargo faces customer suit over unauthorized accounts

Wells Fargo & Co. was sued Friday by customers in what may be one of many lawsuits following disclosures that bank employees created unauthorized accounts to boost the bank’s fees. Three Utah customers sued in federal court, blaming the scandal on the bank’s push ...

Obama enlists Republican Gov. Kasich to push for TPP trade deal

Sep 17, 2016

Obama enlists Republican Gov. Kasich to push for TPP trade deal

Ohio’s Republican governor, John Kasich, took over the White House briefing lectern on Friday to praise the 12-nation Trans-Pacific Partnership, an unusual move that shows how hard President Barack Obama will push for the trade deal’s approval. Obama, a Democrat who will leave office ...

Economists worry over BOJ's next step

Sep 16, 2016

Economists worry over BOJ's next step

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Amid speculation the Bank of Japan will announce additional monetary easing next week, some observers are warning of possible side effects. A long way from hitting its 2 percent inflation goal, the BOJ may expand its radical negative interest rate policy and modify its ...

Sep 16, 2016

Transport ministry stiffens penalties for mileage manipulation

The transport ministry on Friday introduced new penalties for automakers who manipulate mileage data, including production suspensions, as the deceptions issued by Mitsubishi Motors Corp. and Suzuki Motor Corp. continue to mar the reputation of the Japanese auto industry. The new measures, which include ...

Sep 16, 2016

Mizuho, SoftBank partner on AI-based consumer lending venture

Mizuho Bank and SoftBank Group Corp. have agreed to set up a 50-50 joint company to provide unsecured consumer loans via artificial intelligence technology. Using customers’ business histories at both firms for the credit-screening process, the venture will provide an innovative, attractive, low-cost loan ...

Is nuclear crucial to climate change targets?

Sep 16, 2016

Is nuclear crucial to climate change targets?

As Britain greenlights its first new nuclear power plant in more than 20 years, experts diverge on the role of nuclear energy in the quest to cap global warming at less than 2 degrees Celsius. The broad challenge in meeting that goal — the ...