Momentum fading for global economic growth and inflation: poll
BENGALURU (Reuters) – Economic growth is losing momentum across emerging and developed economies as is inflation, with trouble in China now the biggest worry for 2016, according to the overwhelming majority of hundreds of economists polled by Reuters a…
Daimler boss criticizes VW over emissions scandal
BERLIN (Reuters) – An emissions scandal like the one engulfing Volkswagen would not be possible at Daimler, Chief Executive Dieter Zetsche said on Thursday in an unusual dig at another carmaker.
Best Buy lowers sales outlook after holiday sales drop
(Reuters) – Best Buy Co Inc said it expected its U.S. sales to fall by about 1.5 percent in the current quarter after weak demand for mobile phones during the holiday season, pushing its shares down 6 percent in premarket trading on Thursday.
Giving up on stocks: China’s retail investors seek safety first
SHANGHAI (Reuters) – As China’s legions of retail investors flee the country’s tumultuous equity markets, pushing stock prices down around 15 percent so far this year, money is flowing into perceived safe-haven assets such as domestic bonds, gold and t…
Stocks and commodity currencies floored by new oil plunge
LONDON (Reuters) – Share markets and heavily commodity-dependent currencies took a fresh beating on Thursday, having been floored again by the latest plunge in oil prices, this time to below $30 a barrel.
Japan automakers hitch pickups to U.S. growth as gas prices slide
DETROIT (Reuters) – Japanese automakers are taking on Detroit’s Big Three and scrambling to expand their share of pickup truck sales in the United States, as record low gasoline prices curb demand for their once best-selling small and medium-sized seda…
Pfizer weighing sale of Hospira’s pump business: Bloomberg
(Reuters) – Drugmaker Pfizer Inc is thinking about selling hospital products maker Hospira’s infusion pump business for about $2 billion, Bloomberg reported, citing people familiar with the matter.
Slowing auto market puts GM and Ford to the test
DETROIT (Reuters) – A looming slowdown in global auto demand will test U.S. automakers General Motors Co and Ford Motor Co as they try to funnel more cash to shareholders while still investing adequately in new vehicles and technology.
Goldman Sachs to shed up to 10 percent of its sales, fixed income team: WSJ
(Reuters) – Goldman Sachs Group Inc is planning to shed up to 10 percent of its sales and fixed income trading jobs later in the quarter, the Wall Street Journal reported on Wednesday, citing sources.
GE moving headquarters to Boston for tech talent, tax cut
NEW YORK (Reuters) – General Electric Co said on Wednesday it will move its global headquarters to Boston, tapping the city’s technology talent and likely lowering its tax bill as the industrial conglomerate seeks to lift profit and emphasize digital c…
