Exclusive: Toyota set to approve Mexico plant within weeks – sources
TOKYO/MEXICO CITY (Reuters) – Toyota Motor is finalizing plans for its first passenger car assembly plant in Mexico that could be approved by its board as early as next month, according to three people with knowledge of the matter.
Currency hedging takes on new importance for global stock funds
NEW YORK (Reuters) – As the dollar surged in the last 12 months, David Marcus, head of the Evermore Global Value fund, steadily increased his stake in Europe. He now has 60 percent of his portfolio invested in companies in the euro zone, the largest st…
China sees bright spots in slowing economy, vice premier says
BEIJING (Reuters) – China’s economy faces increased downward pressure this year but the slowdown is stabilizing, with employment and services among the bright spots, Vice Premier Zhang Gaoli said on Sunday.
Abe-Kuroda honeymoon soured by fiscal friction
TOKYO (Reuters) – A rift is emerging between Prime Minister Shinzo Abe and his hand-picked central bank boss on how to fix Japan’s tattered finances, which could blunt the impact of the “Abenomics” stimulus policies they have worked together to prosecu…
Former partner can pursue punitive damages against venture firm Kleiner
SAN FRANCISCO (Reuters) – A judge in a high-profile gender discrimination lawsuit will allow a former partner at venture firm Kleiner, Perkins, Caufield & Byers to seek punitive damages, adding to the potential pricetag for the firm if it loses the case.
Exclusive: Deutsche Bank revamp plan to hit retail hardest – sources
FRANKFURT (Reuters) – Deutsche Bank’s retail operations will bear the brunt of its planned restructuring and will most likely be spun off in a stock market listing, two sources familiar with internal discussions at Germany’s biggest bank said on Saturd…
Lufthansa pilots on strike for fourth straight day
FRANKFURT (Reuters) – Pilots at Lufthansa staged a fourth straight day of walkouts on Saturday, grounding almost half of the German airline’s lucrative long-haul flights in a protracted row over early retirement benefits and cost cuts.
Yuan level appropriate, reflects fx supply, demand: China central bank
BEIJING (Reuters) – The current level of China’s yuan <CNY=CFXS> is appropriate because it reflects foreign exchange supply and demand and economic fundamentals, a top central bank researcher said on Saturday, playing down talk of suspected offic…
China to curb risks from short-term local debt: vice finance minister
BEIJING (Reuters) – China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country’s vice finance minister, Zhu Guangyao, said on Saturday.
AIG investors’ $970.5 million settlement wins U.S. court approval
NEW YORK (Reuters) – American International Group Inc shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal…
