Dollar bounces back, bond yields jump on Yellen’s rate guidance
LONDON (Reuters) – The dollar rebounded, Asian shares slipped and government bond yields soared to multi-week highs on Thursday after U.S. central bank chief Janet Yellen signaled a path of steady interest rate increases for the world’s largest economy…
Toshiba woes intensify on reports of $6 billion writedown, shares plummet
TOKYO (Reuters) – Toshiba Corp’s financial crisis deepened on Thursday as media reported it may book a bigger-than-expected $6 billion writedown on its U.S. nuclear business, sending its shares sliding 15 percent.
Panasonic aims to move Tesla auto partnership beyond batteries: CEO
OSAKA (Reuters) – Panasonic Corp aims to extend its partnership with electric car maker Tesla Motors Inc beyond batteries and into self-driving technology, as the Japanese conglomerate continues to shift its focus to the automotive business.
Big Oil back on the acquisition trail as outlook brightens
LONDON (Reuters) – The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices.
Bain Capital joins KSS in bid plan for air bag maker Takata: source
TOKYO (Reuters) – U.S. buyout firm Bain Capital has joined Key Safety Systems (KSS) in the U.S. auto parts supplier’s bid to rescue Takata Corp , a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air…
Struggling hedge funds still expense bonuses, bar tabs
NEW YORK (Reuters) – Investors are starting to sour on the idea of reimbursing hedge funds for multi-million dollar trader bonuses, lavish marketing dinners and trophy office space.
Bond-trading bump shows Wall Street banks doing more with less
(Reuters) – Wall Street banks once earned huge profits by encouraging bond traders to swing for the fences, but their fourth-quarter results show how dramatically that model has changed.
China willing to work with new U.S. administration to promote healthy ties: commerce ministry
BEIJING (Reuters) – China is willing to work with the new U.S. administration to promote healthy China-U.S. ties, the commerce ministry said on Thursday in Beijing.
Netflix adds a third more subscribers than expected; shares jump eight percent
(Reuters) – Streaming video pioneer Netflix Inc added over a third more subscribers than expected in the last quarter of 2016, a sign of success for its ambitious global expansion that sent its shares up 8 percent in extended trading.
General Motors adapts $1 billion recipe for ‘tough’ Indian market: sources
DETROIT (Reuters) – After an 18-month review, General Motors Co is nearer to resolving a raft of issues that have hobbled its $1 billion strategy for India, one of the fastest growing emerging markets for automobiles.
