Hyundai recalls 173,000 Sonata cars in U.S.: filing
(Reuters) – Hyundai Motor Co will recall 173,000 model year 2011 Sonata cars in the U.S. market for a potentially defective power steering system, U.S. safety officials said in a filing on Friday.
Santander seen set for another U.S. stress test failure
MADRID (Reuters) – Santander is expected to earn the dubious distinction of being the only bank to fail the Federal Reserve’s annual health check for three years running, despite efforts to improve controls at its U.S. unit, banking sources and analyst…
Yellen, alongside Fed alum, says rate hikes on track
NEW YORK (Reuters) – The U.S. economy is on a solid course with some hints of inflation so the Federal Reserve is on track for further interest rate hikes, Federal Reserve Chair Janet Yellen said on Thursday in a defense of her decision to tighten poli…
Stock ETFs add sixth week to streak of inflows: Lipper
NEW YORK (Reuters) – Exchange-traded fund investors showed continued confidence in U.S. markets, delivering stock ETFs based in the country $3.5 billion and their sixth straight week of net new cash during the latest week, Lipper data showed on Thursda…
Stocks up as investors look to end bruising week on a high
LONDON (Reuters) – Stocks and bond yields rebounded on Friday but were still firmly on track to end lower over the course of a bruising and volatile week marked by the Japanese yen’s surge against the dollar.
U.S. says China internet censorship a burden for businesses
BEIJING (Reuters) – The United States has labeled China’s internet censorship a trade barrier in a report for the first time since 2013, saying worsening online restrictions are damaging the business of U.S. companies.
Mercedes diesel owners file new lawsuit in United States
FRANKFURT (Reuters) – Owners of Mercedes diesel cars filed a new class-action lawsuit in the United States saying the vehicles likely contained a “defeat device” used to cheat emissions testing, an accusation that Daimler , which owns the carmaker, den…
China citizens protest ChemChina-Syngenta deal amid GMO worries
BEIJING (Reuters) – Around 400 Chinese citizens have signed a letter to protest the purchase of Swiss-based seeds and pesticides company Syngenta by state-owned ChemChina, saying the deal would eventually lead to genetically modified crops being sown a…
Cyber fraudsters reap $2.3 billion through email wire-transfer scams
BOSTON (Reuters) – Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the U.S. Federal Bureau of Invest…
Investors stick with Pfizer CEO after Allergan deal scrapped
NEW YORK (Reuters) – Pfizer Inc Chief Executive Ian Read has investors standing behind him even after his second attempt at a huge tax-saving deal collapsed this week.
