Wall Street poised for lower open after strikes on Yemen
NEW YORK (Reuters) – U.S. stocks were poised for a lower open on Thursday to put the S&P 500 on track for a fourth straight decline, after Saudi Arabia and its allies launched air strikes on Yemen.
Ford to triple exports from India with new $1 billion plant
SANAND, India (Reuters) – Ford Motor Co plans to triple exports from India with a $1 billion plant that will be one of its most heavily automated in Asia, offsetting slower sales inside the country with a push to sell more local production abroad.
U.S. consumer watchdog unveils plans to regulate payday loans
WASHINGTON (Reuters) – The U.S. consumer financial watchdog on Thursday outlined its plans for cracking down on the payday lending industry and ensuring that borrowers can repay their loans.
Indonesia seeks major role in Chinese-led infrastructure bank
JAKARTA (Reuters) – Indonesia wants to play a major role in a new Chinese-led Asian infrastructure bank, with at least the vice-president’s position reserved for the Southeast Asian country, the finance minister said.
Exclusive: AB InBev to nominate JAB partner as chairman- sources
LONDON/NEW YORK (Reuters) – Anheuser-Busch InBev , the world’s largest brewer, is close to proposing JAB Holding Chief Executive Olivier Goudet as its next chairman, according to four sources familiar with the matter.
EU signals further divergence from global banking rules
LONDON (Reuters) – The European Union will continue to diverge from global banking regulations where necessary to avoid overburdening smaller lenders, the bloc’s financial services chief said on Thursday.
Adidas to shift some production from Asia in robot revolution
HERZOGENAURACH, Germany (Reuters) – Adidas announced plans to revolutionize the way it manufactures goods to speed up production and allow shoppers to customize more shoes and clothes, to help it accelerate sales and profit growth over the next five ye…
Shell to cut more UK North Sea jobs in 2015
LONDON (Reuters) – Royal Dutch Shell is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry.
Oil surges on Yemen air strikes, global stocks tumble
LONDON (Reuters) – Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers’ currencies.
Fed’s Bullard: now may be good time to normalize U.S. monetary policy
FRANKFURT (Reuters) – Now may be a good time to start normalizing U.S. monetary policy, Federal Reserve policymaker James Bullard said on Thursday.
