Exclusive: Renault boss sees pay row with French government in election year
NEW YORK/PARIS (Reuters) – Renault Chief Executive Carlos Ghosn expects the French government to oppose his pay package in 2017, he told Reuters in an interview, setting the stage for another shareholder meeting clash – this time in an election year.
Deutsche Bank looking to cut back U.S. mortgage securitization: sources
FRANKFURT/LONDON (Reuters) – Deutsche Bank is looking to cut its loan securitization business further starting with repackaged U.S. mortgages, two people familiar with the matter said, as the lender braces for a large fine in the United States for alle…
Abercrombie warns of challenging holiday quarter, shares skid
(Reuters) – Abercrombie & Fitch Co warned of a challenging holiday quarter after reporting its 15th straight decline in quarterly sales, indicating that the teen apparel retailer’s turnaround efforts had failed to attract shoppers.
Dollar charges to 14-year high, bond tantrum in full swing
LONDON (Reuters) – The dollar climbed to its highest level in almost 14 years against a basket of currencies on Friday, while U.S. bond yields were set for their biggest fortnightly rise in 13 years on bets U.S. inflation and interest rates are headed …
Can Trump make coal great again? At least some companies think so
WASHINGTON (Reuters) – Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel.
OPEC moves closer to oil output deal as Iran gets new offer
DOHA (Reuters) – OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said on Friday.
U.S. says concerned over Russia blocking access to LinkedIn
MOSCOW (Reuters) – The U.S. government said on Friday it was deeply concerned over Russia’s decision to block public access to networking site LinkedIn, saying it created a precedent that could be used to justify blocking other sites operating in Russi…
Exclusive: China ready to slow yuan descent, worried about capital outflows – sources
BEIJING (Reuters) – Chinese policymakers have been unfazed by the yuan’s recent slide, but are ready to slow its descent for fear of fanning capital flight if the currency falls too quickly through the psychologically important 7-per-dollar level, poli…
U.S. extends ZTE reprieve on exports curbs until Feb. 27
HONG KONG (Reuters) – Chinese telecoms equipment group ZTE Corp said on Friday it has won a further reprieve to Feb. 27 on export restrictions that were imposed on the company by the U.S. government.
Automakers in China on tenterhooks over fate of key tax break
GUANGZHOU, China (Reuters) – Carmakers in China are fretting over whether a tax break that has propped up sales this year will be extended, with an end to the policy possibly leading to the first annual decline in sales on record for the world’s larges…
