Nissan in new bid to end Renault control, curb French clout-sources
PARIS (Reuters) – Japanese carmaker Nissan has set out new proposals to end French parent Renault’s control and block state interference in their alliance, sources said, aiming to defuse a row over moves by Paris to boost its influence on Renault.
Oil falls on rising U.S. stockpiles, OPEC policy pause
LONDON (Reuters) – Oil fell below $44 per barrel on Wednesday as a rise in U.S. inventories added to the global glut, and investors discounted the possibility of OPEC cutting output at this week’s meeting.
Watch for U.S. recession, zero interest rates in China next year, Citi says
LONDON (Reuters) – The outlook for the global economy next year is darkening, with a U.S. recession and China becoming the first major emerging market to slash interest rates to zero both potential scenarios, according to Citi.
U.S. debt limit threat defanged on Wall Street
WASHINGTON (Reuters) – Wall Street trembled when Republicans first began threatening to force the United States into default by not raising the federal debt limit, but after four years of fiscal standoffs, the threat looks increasingly like a bluff and…
VW owners back job protection in crisis
BERLIN (Reuters) – Volkswagen’s controlling families have spoken out in favor of protecting jobs at the embattled carmaker as it struggles to find a way out of its emissions scandals.
ECB stimulus hopes keep Europe stocks at three-month high
LONDON (Reuters) – European stocks hovered at a 3-month high and the euro was just above a 7-1/2-month low on Wednesday, as euro zone inflation remained barely visible and underlined just why the ECB is set for more stimulus.
Yellen, in back-to-back appearances, could close out era of zero rates
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen could cement the case for a U.S. interest rate hike ahead of the Fed’s Dec. 15-16 policy meeting, with public appearances over the next two days at a high-profile economics group and before a jo…
Facebook’s CEO and wife to give 99 percent of shares to their new foundation
SAN FRANCISCO (Reuters) – Mark Zuckerberg will put 99 percent of his Facebook Inc shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their new…
Citigroup plans to keep its bonus pool unchanged: Bloomberg
(Reuters) – Citigroup Inc plans to keep its bonus pool for traders and bankers unchanged from last year, Bloomberg reported, citing people familiar with the matter.
Yahoo board to weigh future of company, Marissa Mayer: source
SAN FRANCISCO/BENGALURU (Reuters) – The board of Yahoo Inc is weighing a sale of its core Internet business when it meets this week, a source familiar with the matter told Reuters.
