EPA locks in 2025 fuel efficiency rules
WASHINGTON (Reuters) – U.S. Environmental Protection Agency chief Gina McCarthy on Friday finalized a determination that the landmark fuel efficiency rules instituted by President Barack Obama should be locked in through 2025, a bid to maintain a key p…
JPMorgan profit climbs 24 percent, beating forecasts, on trading surge
(Reuters) – JPMorgan Chase & Co reported a 24 percent rise in fourth-quarter profits on Friday, beating analyst expectations, as its Wall Street business benefited from a surge in trading activity following the U.S. election.
Bank of America profits surge on cost cuts, trading gains
(Reuters) – Bank of America Corp reported a near-50-percent jump in fourth-quarter profit on Friday due to cost cuts and higher trading revenue, and its finance chief forecast sturdy income growth ahead thanks to rising interest rates.
Senior VW managers warned not to travel to U.S.: sources
MUNICH/BERLIN (Reuters) – Senior Volkswagen managers have been warned not to travel to the United States, legal and company sources told Reuters, after six current and former managers were indicted for their role in the German carmaker’s diesel test-c…
BlackRock profits beat forecasts as investors race to low-cost funds
NEW YORK (Reuters) – BlackRock Inc, the world’s biggest asset manager, reported better-than-expected quarterly profits on Friday as it clamped down on expenses and investors stormed into lower-cost funds to take advantage of a year-end rally.
All aboard to fix the globalization ‘bullet train’, China’s Xinhua says
BEIJING (Reuters) – The “bullet train” of globalization is broken and the West is obliged to help Chinese President Xi Jinping fix it, China’s official Xinhua news agency on Friday said of the World Economic Forum (WEF) meeting in the Swiss Alps next w…
SpiceJet plots expansion with order for 100 new Boeing planes
NEW DELHI (Reuters) – Indian budget airline SpiceJet said on Friday it has agreed to acquire 100 new MAX 737 aircraft from Boeing, with an option for 50 more, as part of its expansion plans in the world’s fastest growing aviation market.
Fiat Chrysler shares up as investors play down EPA impact
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) shares rose on Friday as investors played down the potential impact of the U.S. Environmental Protection Agency (EPA) accusing the company of concealing diesel emissions.
Global stocks up on U.S. bank hopes, dollar and yields slip
LONDON (Reuters) – European and U.S. stocks looked to end a sluggish week on a high note on Friday, while the dollar was on track for its biggest weekly fall in two months and U.S. bond yields eyed their longest run of weekly declines since July.
Paris prosecutor opens probe into emissions cheating at Renault: source
PARIS (Reuters) – The Paris prosecutor has launched a judicial investigation into possible cheating on exhaust emissions at carmaker Renault , a source at the prosecutor’s office said on Friday.
