BOJ’s Nakaso warns of China slowdown impact on exports
KUMAMOTO, Japan (Reuters) – Japanese policymakers must be mindful of the potential negative impact that China’s economic slowdown could have on Japanese exports, central bank Deputy Governor Hiroshi Nakaso said on Monday.
U.S. companies pledge financial, political support for U.N. climate deal
WASHINGTON (Reuters) – Thirteen big name American companies on Monday were to announce $140 billion in low-carbon investments to lend support to a global climate change deal in Paris in December, the White House said.
U.S. auto safety regulators fine Fiat Chrysler record $105 million
WASHINGTON (Reuters) – The U.S. auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines against Fiat Chrysler Automobiles NV over lapses in safety recalls involving millions of vehicl…
U.S. regulators impose record $105 million fine on Fiat Chrysler
WASHINGTON (Reuters) – The U.S. auto safety watchdog, toughening its stance against manufacturer defects, on Sunday fined Fiat Chrysler Automobiles NV a record $105 million over lapses in safety recalls involving millions of vehicles, according to docu…
Greek PM Tsipras under pressure over covert Syriza drachma plan reports
ATHENS (Reuters) – Some members of Greece’s leftist government wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports on Sunday that highlighted the chaos in the ruling Syriza party.
UBS to report 25 percent jump in second quarter net profit: SonntagsZeitung
GENEVA (Reuters) – Swiss bank UBS will report a year-on-year increase of about 25 percent in quarterly net profit on Tuesday, with around 1.5 billion francs of earnings in the second quarter, newspaper SonntagsZeitung said on Sunday, citing an anonymou…
Amazon posts anomalous profit, Wall Street swoons
SAN FRANCISCO (Reuters) – Investor enthusiasm for Amazon.com Inc is pretty consistent: the stock tends to rise, even though the company isn’t consistent about making profits.
General Electric aims big in energy storage after battery step back
(Reuters) – General Electric Co wants to be a “sizable” player in the market for systems that store energy to manage power volatility, a sector the company expects to quadruple to $6 billion by 2020, the head of GE’s energy storage business told Reuter…
Thai Airways to cut 1,401 jobs, suspend flights to U.S.
BANGKOK (Reuters) – Thai Airways International Pcl plans to cut 1,401 jobs through voluntary retirement this year and suspend its loss-making flights to Los Angeles and Rome as it pushes ahead with a restructuring plan, its president said on Sunday.
Debt conundrum to keep Greek banks in months-long freeze
FRANKFURT/ ATHENS (Reuters) – Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe.
