China’s growth ‘reassuring’ for ‘weak and vulnerable’ global economy: Xinhua
BEIJING (Reuters) – China will meet its growth target of 6.5 percent to 7 percent growth this year, a reassuring sign for a “weak and vulnerable” global economy, state news agency Xinhua said in a commentary on Monday.
Blindsided by SUV boom, Hyundai Motor trims costs, perks
SEOUL (Reuters) – Headed for a fourth straight annual profit decline, Hyundai Motor is trimming its cost fat; scaling back on business class flights and annual family home trips for overseas employees, executives told Reuters.
ECB’s Weidmann says Monte dei Paschi bailout must be carefully weighed: Bild
FRANKFURT (Reuters) – European Central Bank policymaker Jens Weidmann said plans for a state bailout of Italian bank Monte dei Paschi di Siena should be weighed carefully as many questions remain to be answered, according to German newspaper Bild.
Russia’s VEB sees 2016 loss at $2.1 billion
MOSCOW (Reuters) – Russian state development bank VEB will post a loss of 130 billion roubles ($2.14 billion) this year, its chairman Sergei Gorkov said on Monday, less than an expected loss of 200 billion roubles.
Power surge: Chinese electric car battery maker charges for global market
NINGDE, China (Reuters) – A dusty village on the outskirts of Ningde, a third-tier city in China’s southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology.
China needs to regulate ‘money gates’ but guard against financial stress: state media
BEIJING (Reuters) – China needs to keep financial market liquidity stable and regulate its “money gates” to prevent asset bubbles, but it also needs to ensure a lack of liquidity doesn’t cause financial stress, according to a commentary in a newspaper …
Iran says it sealed Boeing plane deal at half price
DUBAI (Reuters) – Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing airliners in an order that the American planemaker had said was worth $16.6 billion.
Snapchat buying Israeli augmented reality start-up Cimagine: report
TEL AVIV (Reuters) – Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat’s first acquisition in Israel, the Calcalist financial daily reported on Sunday.
Stocks could suffer as Trump trade policy takes shape
NEW YORK (Reuters) – The year-end stocks rally on the heels of the election of Donald Trump as U.S. president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus.
Toyota announces new executive to lead Brazil operations
(Reuters) – Toyota Motor Corp said on Saturday that a new chief executive officer will lead its Brazil operations beginning Jan. 2.
