Exclusive: Budget strains force Russia to shrink rescue plan for state bank VEB
MOSCOW (Reuters) – The Russian government is leaning toward a new rescue plan for the troubled VEB state development bank that would cost no more than $2.4 billion this year, a fraction of previous estimates, two officials involved in the discussions h…
Honda to launch hydrogen fuel-cell car in California this year
(Reuters) – Honda Motor Co Ltd said on Thursday its hydrogen fuel cell car, dubbed Clarity Fuel Cell, will be launched in California before the end of 2016.
U.S. stocks set for a comeback, or another blow?
NEW YORK (Reuters) – The deep selling that has been synonymous with Wall Street in the new year became bad enough on Wednesday to start drawing in buyers, but it is still too soon to tell whether they will look brilliant or battered in the weeks ahead….
Barclays to slash about 1,000 investment bank jobs worldwide
HONG KONG (Reuters) – Barclays will cut about 1,000 jobs in investment banking worldwide and close its cash equities business in Asia as new Chief Executive Jes Staley wields the axe in a bid to reduce costs and boost returns.
European stocks lick wounds after mauling, oil steady
LONDON (Reuters) – A small bounce in European shares and tentative stabilization in oil prices helped calm investors on Thursday, after a torrid few days that has wiped trillions of dollars off global markets.
China shares follow Asian bourses lower as oil rally fizzles
SHANGHAI (Reuters) – China’s fragile stock markets ended sharply lower on Thursday as oil prices failed to sustain a bounce from 13-year lows and other Asian markets went into reverse.
Davos leaders look beyond 2016’s early market mayhem
DAVOS, Switzerland (Reuters) – Blood-letting in global markets is dominating corridor talk as business leaders and policymakers meet in Davos, although so far the view is that it doesn’t signal a financial crisis.
GM starts car-sharing service in Germany, U.S.
DETROIT (Reuters) – General Motors Co said on Thursday it is launching a car-sharing service called Maven in the United States and Germany, joining at least two other automakers testing the market for consumers who want to borrow cars rather than own t…
U.S. firms in China steel for short-term pain to win long term
SHANGHAI (Reuters) – U.S. firms in China see near-term risks from rising costs, slowing growth and stronger local rivals, though most are still upping investment and remain hopeful over longer-term prospects in the world’s second-largest economy.
Senate committee chairman asks CFTC to explain major accounting error
WASHINGTON/NEW YORK (Reuters) – Senate Agriculture Committee Chairman Pat Roberts has asked for a full explanation from the U.S. Commodity Futures Trading Commission for an accounting error that led auditor KPMG to withdraw nearly a decade of financial opinions about the agency’s accounts.
