By Paulina Duran SYDNEY (Reuters) – Australian regulators will consider intervening to stop banks from automatically directing “tap-and-go” card payments through the world’s largest payment processors Visa <V.N> and Mastercard Inc. <MA.N>, the central bank said on Wednesday. Banks must stop automatically directing debit card payments through the two global networks, and instead give retailers […]
By Howard Schneider WASHINGTON – A U.S. recession may already be underway. Could it be worse? The Great Depression that began with a stock market crash in 1929 and lasted until 1933 scarred a generation with massive unemployment and plummeting economic output. It reshaped America, shifting migration patterns, and spawning new styles of music, art […]
By Junko Fujita TOKYO (Reuters) – Japanese hotel chain Unizo Holdings <3258.T> said on Sunday it had received a friendly buyout offer from U.S. investment fund Lone Star, a deal that could end a five-month takeover battle involving Blackstone Group <BX.N>, Fortress Investment Group and activist investor Elliott Management. Lone Star will launch a tender […]
