China to step up banking oversight in ‘arduous’ fight on financial risks
BEIJING (Reuters) – China will step up oversight in the banking sector this year to reduce financial risks, the country’s banking regulator said, stressing that long-term efforts would be needed to control banking sector chaos.
GM executives defend NAFTA, Mexican truck plant
DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra expressed optimism on Saturday that the North American Free Trade Agreement would survive, and other senior GM executives stood by the company’s plans to continue building trucks in Mexi…
Airbus ordered to pay 104 million euros to settle Taiwan missile dispute
PARIS (Reuters) – Airbus said on Saturday it had been ordered to pay 104 million euros in fines over a missile sale to Taiwan in 1992, the latest French arms company to reach a settlement over disputes arising from one of France’s biggest ever arms sa…
Airbus says in talks to end German Eurofighter investigation
PARIS (Reuters) – Airbus said on Saturday it was in talks with Munich prosecutors that could lead to the termination of their investigation into alleged corruption in the sale of Eurofighter combat jets to Austria in 2003.
GM’s new Chevy Silverado bids for more U.S. pickup profits
DETROIT (Reuters) – General Motors Co on Saturday fired a new round in the battle for profits from one of the U.S. auto industry’s most lucrative segments when it showed a new generation of its Chevrolet Silverado pickup truck at Detroit’s auto show.
South African protesters ransack H&M stores over ‘racist’ ad
JOHANNESBURG (Reuters) – Protesters angered by a “racist” H&M advertisement ransacked several of the Swedish fashion group’s South African stores on Saturday.
Adidas targets U.S. market share of 15-20 percent: paper
FRANKFURT (Reuters) – German sportswear maker Adidas wants to increase its U.S. market share to around 15-20 percent from levels that are now “significantly lower”, its chief financial officer said.
Air France denies involvement in bid to take over Alitalia
PARIS (Reuters) – Air France on Saturday denied that it had made an offer to buy the struggling airline Alitalia, a day after an Italian government minister said the French flag carrier had made a joint bid with budget airline EasyJet .
Wall Street hits new highs on earnings optimism, data
(Reuters) – Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.
Indonesia central bank warns over cryptocurrencies
JAKARTA (Reuters) – Indonesia’s central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system.
