France rejects special treatment for UK banks in EU package
PARIS (Reuters) – France’s finance minister said on Wednesday British banks must not win special treatment under a proposed European Union reform package aimed at keeping Britain in the bloc after French banks warned the proposals were unfair.
U.S. judge rejects motion to review GM ignition switch deal
(Reuters) – A U.S. judge on Wednesday rejected a request to reconsider his approval of a settlement fund to resolve more than a thousand lawsuits over deaths and injuries blamed on an ignition switch defect that prompted General Motors Co to recall 2.6…
BMW, Volkswagen, Daimler recall vehicles in U.S. with Takata air bags
FRANKFURT/WASHINGTON (Reuters) – The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive …
Carlyle unveils $200 million share buyback, earnings miss forecast
NEW YORK (Reuters) – Private equity firm Carlyle Group LP unveiled a $200 million share buyback plan on Wednesday as it posted weaker-than-expected fourth-quarter earnings amid turbulent financial markets.
In an uncertain world, Bank of England ‘agents’ keep Carney informed
REIGATE, England (Reuters) – Unsure how a misfiring global economy is affecting matters at home, Bank of England chief Mark Carney has turned to an age-old gauge of Britain’s economy: the word on the street from a trusted band of regional agents.
Nomura CEO aims to finally crack U.S. with shift to M&A advisory
TOKYO (Reuters) – Nomura Holdings Inc plans a shift in focus in the United States toward client-oriented services from market-based trading, the chief executive said, in its latest attempt to establish a profitable business in a major overseas economy….
Fed’s Fischer worried by emergency credit reporting rules
WASHINGTON (Reuters) – A top Federal Reserve policymaker on Wednesday expressed concern that U.S. reforms enacted after the global financial crisis may have made it harder to stem a credit market panic, a warning that came amid growing stress in corner…
Audi, BMW sell fewer luxury cars than Mercedes
BERLIN (Reuters) – Germany’s Audi and BMW sold fewer vehicles in January than luxury rival Mercedes-Benz, which has benefited from a continued surge in Chinese demand for its compact cars and sport-utility vehicles (SUV).
Hermes warns of potential for further dip in sales growth
PARIS (Reuters) – French luxury goods maker Hermes has yet to see its business in Paris recover from November’s deadly attacks on the city and warned of a potential further slowdown in global sales this year.
VW recalls 680,000 brand cars in U.S. over airbag problems
HAMBURG (Reuters) – Volkswagen said on Wednesday it was recalling 680,000 cars of its namesake brand in the United States because Takata-made airbags in them could be defective.
