Business

Germany's economy minister: U.S.-EU free trade talks have failed

BERLIN (Reuters) - Germany's Economy Minister Sigmar Gabriel said on Sunday that talks on the Transatlantic Trade and Investment Partnership (TTIP), a free trade deal being negotiated by the United States and the European Union, had essentially failed.

Economy

China launches state-owned aircraft engine maker: state media

BEIJING (Reuters) - China has set up a state-owned aircraft engine maker with registered capital of 50 billion yuan ($7.50 billion), state television said on Sunday, in the latest bid to develop home-grown, high-tech capacities to compete in international markets.

Money

Texas broker-dealer agrees to pay $2 million in fines, restitution

NEW YORK (Reuters) - A Texas wealth management firm U.S. regulators said grew too fast to supervise agreed to pay more than $2 million in fines and restitution to settle charges its senior management failed to rein in partner offices where brokers were churning accounts.

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