El-Erian says this week’s Fed meeting to set stage for June hike
NEW YORK (Reuters) – Mohamed El-Erian, the chief economic adviser at Allianz SE , said on Monday he expects this week’s Federal Reserve policy-setting meeting to set the stage for a June interest rate hike.
China expected to see $538 billion capital exodus in 2016, IIF says
LONDON (Reuters) – Global investors are expected to pull $538 billion out of China’s slowing economy in 2016, the Institute of International Finance estimated on Monday, although the pace of outflows has dropped.
Less than 5 percent of Saudi Aramco to be sold
KHOBAR, Saudi Arabia (Reuters) – Saudi Arabia plans to sell less than 5 percent of its state oil company Saudi Aramco [SDABO.UL] through an initial public offering (IPO), Deputy Crown Prince Mohammed bin Salman said on Monday.
Xerox’s revenue falls on lower printer sales
(Reuters) – Xerox Corp reported a 4.2 percent fall in quarterly revenue, hurt by a strong dollar and lower sales of printers and copiers.
Not the bottom yet, but Caterpillar raises hope of China rebound
BEIJING/SINGAPORE (Reuters) – Caterpillar Inc , the world’s largest maker of heavy equipment, has raised hopes that China’s battered construction sector may be showing signs of life, pointing to its strongest post-holiday period in three years after a …
Global stocks, dollar stumble ahead of Fed, BOJ meetings
LONDON (Reuters) – World stocks, the dollar and oil all fell modestly on Monday as investors locked in recent gains before central bank meetings in the United States and Japan this week.
Taking on Tesla: China’s Jia Yueting aims to outmuscle Musk
BEIJING/DETROIT (Reuters) – Tomorrow’s cars will be all-electric, self-driving, connected to high-speed communications networks … and free.
Yieldcos enabled SunEdison’s debt-fueled acquisition spree
(Reuters) – At an early 2015 investor conference, SunEdison’s then-chief financial officer, Brian Wuebbels, trumpeted the profit potential in the solar developer’s relationship with a venture it had recently spun off.
Nissan expects China’s no-frills demand to accelerate sales growth
BEIJING (Reuters) – Nissan Motor Co’s China sales will outpace the country’s overall annual market growth rate by two to three percentage points from next year as it refocuses on its no-frills brand, a company executive said at the Beijing autoshow.
Mitsubishi Heavy says too early to decide on support for Mitsubishi Motors
TOKYO (Reuters) – Mitsubishi Heavy Industries Ltd on Monday said it was too early to decide whether to offer support to sister company Mitsubishi Motors Corp , which is facing a financial hit after admitting to falsifying fuel economy data on its vehi…
