China economy loses more steam in April, further stimulus on the cards
BEIJING (Reuters) – China’s money supply grew at its slowest pace on record and investment growth sank to its lowest in nearly 15 years as April data showed the world’s second-largest economy was still losing momentum despite a concentrated burst of po…
Nissan sees profit gains on vehicle sales growth, cost cuts
YOKOHAMA, Japan (Reuters) – Nissan Motor Co , Japan’s second-biggest automaker, said it expects operating profit to climb 15 percent this financial year, forecasting vehicle sales growth in most regions and promising large cost cuts.
Oil extends gains after U.S. fuel stocks drop
LONDON (Reuters) – Brent crude oil rose above $67 a barrel toward five-month highs on Wednesday after U.S. crude stockpiles fell for a second straight week, suggesting that the world’s biggest oil market is rebalancing.
Global stocks rise, German yields dip before bond sale
LONDON (Reuters) – European and Asian shares advanced on Wednesday as expectations of further monetary stimulus in China offset another mixed bag of data from some of the world’s major economies.
Justice Department may go back on deal not to prosecute UBS: Bloomberg
(Reuters) – U.S. Justice Department may reverse its agreement not to prosecute Swiss bank UBS Group AG over manipulation of benchmark interest rates, Bloomberg reported, citing a person familiar with the matter.
Honda says preparing fresh Takata-related recalls
TOKYO (Reuters) – Honda Motor Co Ltd said on Wednesday it was preparing to file additional recalls related to Takata Corp’s air bags after similar action by Toyota Motor Corp and Nissan Motor Co Ltd.
Verizon’s top goal with AOL: mobile video advertising
NEW YORK (Reuters) – Verizon Communications has made clear what it hopes to gain with the $4.4 billion purchase of AOL: a better way to sell mobile video ads.
Wall St. ends weaker as global bond worries deepen
(Reuters) – U.S. stocks ended lower on Tuesday after a recent run-up in global bond yields unsettled investors already concerned about an eventual Federal Reserve interest rate hike.
Verizon to buy AOL in $4.4 billion mobile video push
(Reuters) – Verizon Communications Inc is buying AOL Inc in a $4.4 billion bet that a push into mobile video and targeted advertising can help the biggest U.S. telecommunications company find new growth avenues.
New BMW chief Krueger takes charge as tech challenges mount
MUNICH (Reuters) – Harald Krueger takes over as CEO of BMW after the group’s annual shareholders’ meeting on Wednesday, a job needing nerves of steel, or maybe carbon fiber given recent trends, as the company battles to keep its lead over Mercedes and …
