Ukraine seeks Chinese money to build world’s biggest aircraft
KIEV (Reuters) – Ukraine hopes to attract $500 million of investment from China to complete an updated version of the world’s biggest aircraft, the Antonov-225 Mriya, the president of manufacturer Antonov said on Wednesday.
World stocks hit one-year highs as Fed hike prospects fade
LONDON (Reuters) – World stocks hit their highest in more than a year and the dollar fell sharply against the yen on Wednesday as expectations of a rise in Federal Reserve interest rates receded after weak U.S. economic data.
Daimler to sell Mercedes-Benz branded all-electric battery cars in China
BEIJING (Reuters) – Germany’s Daimler AG plans to sell Mercedes-Benz branded all-electric battery cars in China, its China chief said on Wednesday, as the automaker capitalizes on government initiatives aimed at growing the market for new-energy vehicl…
Enbridge buying Spectra in $28 billion deal
(Reuters) – Canada’s Enbridge Inc said on Tuesday it would buy Spectra Energy Corp of Houston in an all-stock deal valued at about $28 billion (C$37 billion) to create the largest North American energy infrastructure company.
Nissan recalls new minivan over idling stop problem
TOKYO (Reuters) – Nissan Motor Co said on Wednesday it was recalling a domestic minivan model and stopped shipments of the recently launched vehicle to fix a problem with its idling stop function.
Steinhoff’s $3.8 billion American dream seen as risky by some
JOHANNESBURG (Reuters) – As the winner of several big horse races in South Africa, Variety Club’s local dominance was never in doubt.
South Korea court asks Hanjin Shipping creditor for funds
SEOUL (Reuters) – A South Korean court presiding over the rehabilitation process of Hanjin Shipping Co Ltd has asked the firm’s lead creditor for fresh funds, warning the troubled container shipper needs financial support this week to normalize operat…
Fed’s Williams says U.S. economy in good shape, wants rate hike
RENO, Nev. (Reuters) – A top Federal Reserve official on Tuesday repeated his call for gradual interest rate hikes, evidently unfazed by a slowdown in U.S. job gains and sluggishness in the services sector that now has traders betting against any rate …
Fed’s Williams sees ‘unsustainable tension’ on pot-related banking
RENO, Nev. (Reuters) – As more and more states legalize the use of marijuana, which is banned under U.S. federal laws, banks are facing “unsustainable tension” that needs to be resolved by Congress, San Francisco Fed President John Williams said on Tue…
Ackman buys into Chipotle, to talk to management; shares jump
BOSTON (Reuters) – Activist investor William Ackman’s hedge fund took a 9.9 percent stake in fast-casual Mexican food chain Chipotle Mexican Grill Inc , buying in after the once high-flying company was battered by food-safety issues.
