Nissan’s Infiniti recalls 60,000 Q50 sedans over steering issue
(Reuters) – Nissan’s Infiniti luxury brand will recall roughly 60,000 vehicles globally, a spokesman for the brand said on Thursday, as the steering system key to the Q50 sedan’s autonomous driving capabilities could malfunction.
Wal-Mart targets new sales of up to $60 billion by 2019: CEO
CAPE TOWN (Reuters) – Wal-Mart Stores , the world’s biggest retailer, expects to add $45 billion to $60 billion of new sales over the next three years, the chief executive said on Thursday.
UBS hedge fund unit hires from GLG, Citadel, Point72
NEW YORK (Reuters) – Swiss bank UBS Group is expanding an internal hedge fund under new chief investment officer Kevin Russell.
Macy’s reaches tentative deal with workers to avert strike
(Reuters) – A union representing workers of Macy’s Inc in New York said it reached a tentative agreement with the department store operator for a new four-year contract, averting a strike that was set to begin on Thursday.
U.S. current account deficit rises to seven-year high in first quarter
WASHINGTON, June 16 (Reuters) – – The U.S. current account deficit widened to a more than seven-year high in the first quarter as goods exports fell and investment from abroad declined.
U.S. consumer price gains slow; underlying inflation supported
WASHINGTON, June 16 (Reuters) – – U.S. consumer prices moderated in May, but sustained increases in housing and healthcare costs kept underlying inflation supported, which could allow the Federal Reserve to raise interest rates this year.
Disney’s China fairytale begins with $5.5 billion park opening
SHANGHAI (Reuters) – Walt Disney Co has opened the gates to its first theme park in China, prompting a rush from thousands of gathered Mickey Mouse enthusiasts to be the first to storm Treasure Cove, ride the Roaring Rapids or visit Disney’s tallest ca…
BOJ holds off on easing despite weak inflation, sparks yen spike
TOKYO (Reuters) – The Bank of Japan refrained from offering additional monetary stimulus on Thursday despite anemic inflation and weak global growth, sending the yen spiking to a two-year high that clouds an already darkening outlook for the economy.
Airbnb gets $1 billion debt facility from U.S. banks: source
(Reuters) – Apartment-sharing startup Airbnb Inc has secured a $1 billion debt facility from some big U.S. banks to aid its new services and finance its expansion plans, a source close to the company said.
European stocks, oil slide as growth fears add to Brexit pressure
LONDON (Reuters) – European stocks fell while oil prices headed for a sixth session of declines on Thursday after the Bank of Japan refrained from taking further stimulus steps, hours after the Federal Reserve struck a cautious note on its policy outlo…
