Berkshire’s railroad revamps service with billions, fewer cars
NEW YORK (Reuters) – Stung by customer backlash over last winter’s patchy service, Berkshire Hathaway’s BNSF Railways invested billions in shoring up its operations.
Exclusive: China likely to ease again if inflation falls – central bank adviser
BEIJING (Reuters) – China is likely to cut interest rates or reserve requirements again if consumer inflation drifts below 1 percent, a member of the central bank’s monetary policy committee said, as he ruled out more support for the sagging Chinese pr…
Hyundai Motor plans to boost U.S. capacity as SUV sales rise: sources
DETROIT/SEOUL (Reuters) – Hyundai Motor Co plans to expand its U.S. factory, three people familiar with the matter said, hoping to ramp up production of sport utility vehicles (SUVs) as lower oil prices boost demand for gas-guzzling trucks.
France’s nuclear love affair too strong to let Areva fail
PARIS (Reuters) – The future of France’s nuclear industry has never looked bleaker, with a government pledging to wean the country off atomic power, cut-throat rivalry in world export markets and the debt of flagship nuclear group Areva in junk territo…
Areva says to cut 1,500 jobs in Germany
PARIS (Reuters) – Areva plans to cut 1,500 jobs in Germany between 2015 and 2017, a spokeswoman for the French state-controlled nuclear company said on Wednesday.
Emirates airline COO says gets 787, A350 improvements as mulls big order
DUBAI (Reuters) – Emirates airline’s [EMIRA.UL] chief operating officer said on Wednesday that both Boeing and Airbus had made improvements to its respective 787 and A350 aircraft in response to requests from the Dubai-based carrier.
Euro sinks to 12-year lows as yield gap grows
LONDON (Reuters) – The euro dived to its lowest since early 2003 against the dollar on Wednesday, dragging other European currencies with it on the back of the huge differences developing in market interest rates between Europe and the United States.
Credit Suisse new boss could ax 2,900 investment bank jobs: analyst
LONDON (Reuters) – Credit Suisse’s new boss Tidjane Thiam could cut almost 3,000 jobs from its investment bank, or 15 percent of staff, as part of a shift of capital away from trading desks to private banking in Asia, analysts said.
Exclusive: UBS poaches Bank of Montreal oil banking team – sources
NEW YORK/TORONTO (Reuters) – UBS AG has poached a U.S. team of some 15 oil and gas investment bankers from Bank of Montreal (BMO), significantly weakening the energy dealmaking capacity at Canada’s fourth-largest bank, people familiar with the matter said.
Investors see higher yields as U.S. jobs data resets Fed calculus
NEW YORK (Reuters) – Before last Friday, many investors opined that the U.S. Federal Reserve would probably raise interest rates only once this year. Making the first hike in about nine years would be almost symbolic, as if the central bank was showing…
