J.P. Morgan to cut Argentina from NEXGEM frontier index
LONDON (Reuters) – Argentina will be cut from J.P. Morgan’s frontier debt index on Friday due to its large weighting, but could see its weight in the bank’s benchmark hard-currency emerging market debt index increase if Buenos Aires issues fresh debt, …
VW chief casts doubt on whistleblower’s account of emissions scandal
STUTTGART, Germany (Reuters) – Volkswagen Chief Executive Matthias Mueller has cast doubt on a report which last week said many managers at the German carmaker knew of, or were involved in, developing emissions test-rigging devices.
Amazon says Exclusives store sales top $50 million in first year
SAN FRANCISCO (Reuters) – Amazon.com Inc said that sales on Exclusives, its platform for products not available anywhere else, topped $50 million in less than a year since its launch and the site includes more than 120 brands, the first time it has dis…
GM’s Opel, German watchdog recalling Opel models
BERLIN (Reuters) – General Motors division Opel and Germany’s transportation watchdog (KBA) are recalling Opel models which contain steering components which could break and thwart the vehicles’ steerability, KBA said on Thursday.
Deutsche Bank board won’t get bonuses for 2015: CEO
FRANKFURT (Reuters) – Deutsche Bank’s management board will not get bonuses for 2015, the bank’s chief executive said on Thursday, after the lender posted a record 6.8 billion euro ($7.41 billion) net loss last year.
Samsung Group de facto leader to sell 2.05 percent stake in Samsung SDS
SEOUL (Reuters) – Samsung Group said on Thursday its de facto leader Jay Y. Lee would sell a stake of 2.05 percent in Samsung SDS Co Ltd for about 380 billion won ($315 million) to raise money for any potentially unsubscribed shares he will need to buy…
Unease over Fed rate path dents European stocks
LONDON (Reuters) – Uncertainty over the future path U.S. interest rates weighed on European stocks on Thursday, while the resignation of Japan’s economy minister impacted currency markets, sending the yen higher.
In U.S. oil capital Houston, no cheap fuel bonanza for airlines
NEW YORK (Reuters) – While airlines are in no rush to pass on fuel savings to passengers brought by the collapse in oil prices, the Houston travel market has left them little choice.
Fed keeps rates unchanged, wary eye on global markets
WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday and said it was “closely monitoring” global economic and financial developments, signaling it had accounted for a stock market selloff but wasn’t ready to abando…
Samsung Elec warns of difficult 2016 as smartphone troubles spread
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd warned on Thursday of possible weaker earnings this year due to softer sales of gadgets such as smartphones, a trend that is also hurting rival Apple Inc and major chipmakers.
