Targeting U.S. automaker signals possible China retaliation over Trump talk
WASHINGTON/BEIJING (Reuters) – China’s plan to punish a U.S. automaker accused of price-fixing is a sign of how Beijing could retaliate if President-elect Donald Trump upends decades of relations between the two nations.
U.S. wind power enjoys a rebirth as solar’s obstacles mount
(Reuters) – A year after Congress extended generous tax credits for renewable energy projects, the U.S. wind industry is thriving.
Fed lifts rates, sees faster pace of hikes in Trump’s first year
WASHINGTON (Reuters) – The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration’s promises of tax cuts, spending and deregulation.
Job cuts announced by European banks tumble in 2016
LONDON (Reuters) – Job cuts announced by European banks have tumbled in 2016, as they work through a backlog of layoffs unveiled in previous years and struggle to find new areas where they can trim staff without threatening profitable operations.
Mexican banks cut credit card exposure on Trump, rate risks
MEXICO CITY (Reuters) – Some Mexican banks are lowering credit card spending limits and raising consumer lending standards in the face of an economic slowdown, rising interest rates and the U.S. election victory of Donald Trump.
Lonza to buy U.S. drug capsules maker Capsugel from KKR for $5.5 billion
(Reuters) – Lonza Group AG announced its biggest ever acquisition on Thursday with a deal to buy Capsugel, a U.S. maker of capsule products and other drug delivery systems, for $5.5 billion in cash to broaden its product range as a pharmaceuticals indu…
EU court dismisses Nestle’s Kit Kat trade mark
BRUSSELS (Reuters) – A European Union court has dismissed Nestle’s attempt to register the Kit Kat shape as a trade mark for its chocolate biscuit bar, questioning whether consumers in all EU states would recognize the snack’s “distinctive character”….
Iran finalizes deal for 7 Airbus planes: ISNA
ANKARA (Reuters) – Iran has finalised a deal with European planemaker Airbus for seven aircraft, Labour Minister Ali Rabii was quoted as saying by the Iranian Students’ News Agency (ISNA) on Thursday.
Dollar makes fresh charge after Fed hikes rates
LONDON (Reuters) – The dollar charged to an almost 14-year high and government bond yields rose sharply on Thursday, after the Federal Reserve hiked U.S. interest rates and signaled more would follow at a faster pace next year.
Exclusive: Inside the BOJ, rate hikes are back on the radar. Really
TOKYO (Reuters) – Interest rate hikes are back on the radar at the Bank of Japan, for the first time in a decade, as the U.S. Federal Reserve’s tightening cycle pushes global bond yields higher, heralding a new era for central banks retreating from pos…
