VW finance arm’s profit up on higher demand for diesel cars
HANOVER, Germany (Reuters) – Volkswagen’s financing arm expects to post record earnings in 2016, it said on Friday, thanks to increased demand for diesel cars, a sign that the company’s emissions-cheating scandal has not deterred customers.
Peaks, black swans and bonanzas: Market tips, bold calls and eyecatchers for 2017
LONDON (Reuters) – Politics, economics and finance have all been turned on their head in 2016, and investors are already looking ahead to 2017 with anticipation and trepidation.
China urges U.S. to abide by WTO anti-dumping agreement
BEIJING (Reuters) – China on Friday urged the United States to abandon a surrogate country approach it uses to calculate anti-dumping measures against Chinese exports, as a related clause in China’s World Trade Organization (WTO) deal is set to expire….
Global stocks, dollar ease before payrolls report, Italian vote
LONDON (Reuters) – Global stocks, oil and the dollar eased on Friday with investors took a cautious stance before Italy’s referendum on constitutional reform and U.S. payrolls data later in the day, which may cement the case for a Federal Reserve rate…
Japan regulators working on new rules to prevent leaks by company executives
TOKYO (Reuters) – Japanese authorities are set to recommend new fair disclosure rules that aim to prevent company executives leaking insider information, part of Prime Minister Shinzo Abe’s push to improve corporate governance and encourage foreign inv…
Singapore slaps penalties on StanChart, Coutts in 1MDB-related probe
SINGAPORE (Reuters) – Singapore’s central bank imposed penalties on the local units of U.K.-based Standard Chartered and private bank Coutts for money laundering breaches related to Malaysia’s scandal-tainted 1MDB fund and said it was nearing the end …
Rule breakers face bigger possible fines from CME Group
CHICAGO (Reuters) – CME Group Inc plans to strengthen efforts to deter wrongdoing in markets by raising the maximum possible fine for rule breakers, the company said on Thursday, further raising the stakes for rogue traders following the first U.S. cr…
Twitter changes product head for third time in a year
(Reuters) – Twitter Inc appointed Keith Coleman, founder of startup Yes Inc, as head of its product team, the third executive to lead the division in less than a year.
Indiana agrees $7 million tax break to keep Carrier jobs in state: company
WASHINGTON (Reuters) – Indiana state officials have agreed to give United Technologies Corp $7 million worth of tax breaks to encourage the company to keep at least 1,069 jobs at its Carrier unit in Indianapolis, Carrier and the state said on Thursday…
‘Tis the season to window shop in New York
NEW YORK (Reuters) – From a whimsical enchanted winter forest-scape to candy-laden backdrops for festive fashion, New York department stores have spent a year conjuring up eye-catching holiday window displays.
