Ford to invest $1.8 billion to expand R&D in China
SHANGHAI (Reuters) – Ford Motor Co said on Monday it will invest 11.4 billion yuan ($1.8 billion) over the next five years to expand research and development in China, the latest effort by the U.S. carmaker to secure a larger slice of the world’s bigge…
Ex-Rabobank traders face first U.S. trial over Libor manipulation
NEW YORK (Reuters) – Two former Rabobank [RABO.UL] traders from Britain are set to become the first defendants to face trial in the United States on charges stemming from a global investigation into whether various banks sought to manipulate the intere…
Fed should not raise interest rates just yet: China Finmin
SHANGHAI (Reuters) – Now is not the right time for the United States to raise interest rates, given the global economic situation, China’s Finance Minister Lou Jiwei said in an interview published in the China Business News on Monday.
Exclusive: EMC to shop itself after deal with Dell – sources
(Reuters) – EMC Corp, the data storage company that is preparing to unveil an agreement to be acquired by personal computer maker Dell Inc [DI.UL] as early as Monday, is also planning to seek out other suitors, according to people familiar with the mat…
Banks take spotlight as earnings season heats up
NEW YORK (Reuters) – The financial sector, recently a weak performer in the stock market, will garner the majority of investor attention this week as a number of big banks post their quarterly results.
EU bank could demand loans back from VW: EIB chief in paper
FRANKFURT (Reuters) – The European Investment Bank (EIB) will examine whether Volkswagen used any loans from the European Union to cheat on emissions tests for diesel vehicles and could demand money back, EIB chief Werner Hoyer told a German newspaper….
OPEC secretary-general says confident of more balanced oil market in 2016
KUWAIT (Reuters) – The secretary-general of the Organization of the Petroleum Exporting Countries said on Sunday that he was confident of seeing a more balanced oil market in 2016.
AB InBev may raise bid for SABMiller: source
LONDON (Reuters) – Brewer Anheuser-Busch InBev may raise its takeover offer for SABMiller ahead of Wednesday’s bid deadline, a source close to the matter said on Sunday.
Fed’s Fischer says 2015 U.S. rate rise ‘an expectation, not a commitment’
(Reuters) – U.S. Federal Reserve policymakers are still likely to raise interest rates this year but that is “an expectation, not a commitment”, and could change if the global economy pushes the U.S. economy further off course, Federal Reserve Vice Chairman Stanley Fischer said.
Fear and respect: VW’s culture under Winterkorn
BERLIN/LONDON (Reuters) – Like many chief executives, Martin Winterkorn was a demanding boss who didn’t like failure. But critics say the pressure on managers at Volkswagen was unusual, which may go some way to explaining the carmaker’s crisis.
