Jeep meets goal of 1 million in 2014 sales, led by U.S. market
DETROIT (Reuters) – Jeep, the SUV brand that is key to Fiat Chrysler Automobiles’ global expansion plans, narrowly met its goal of selling 1 million vehicles in 2014, the Jeep brand chief said on Tuesday.
Bitcoin exchange Bitstamp suspends service after security breach
LJUBLJANA (Reuters) – Bitstamp, one of the largest exchanges for trading the digital bitcoin currency, said it has suspended its service after a security breach on Sunday, resulting in loss of around 19,000 bitcoins.
King says Saudi Arabia to deal with weak oil challenge with ‘firm will’
RIYADH (Reuters) – Saudi Arabia’s King Abdullah said on Tuesday the world’s top oil exporter would deal “with a firm will” with the challenge posed by lower oil prices in a speech read on his behalf by Crown Prince Salman and broadcast on state televis…
EU says German sausages not at risk in U.S. trade deal
BRUSSELS (Reuters) – The European Union will not water down its strict geographic food names under a far-reaching trade deal with the United States despite a suggestion by Germany’s farm minister that not every style of sausage could be protected, the …
Mercedes-Benz to move U.S. headquarters to Atlanta: source
DETROIT (Reuters) – Mercedes-Benz will move its U.S. headquarters to Atlanta from northern New Jersey, a source familiar with the brand’s plans told Reuters on Tuesday.
High Noon on the Gulf Coast: Canada, Saudi oil set for showdown
NEW YORK (Reuters) – As a test of wills between OPEC nations and U.S. shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America’s Gulf Coast refinery market threatens to drive prices eve…
Oil drama weakens shares in Asia and Europe
LONDON (Reuters) – European stock markets were under pressure for a third day on Tuesday as a fall in oil prices showed no sign of easing off, supporting traditional safe-haven assets such as top-rated government bonds, the Japanese yen and the Swiss f…
German bank exposure to Greece around $28 billion: banks
FRANKFURT (Reuters) – German banks have about 23.5 billion euros ($28 billion) in credit exposure to Greece, but the systemic risk is limited because the biggest commercial banks, Deutsche Bank and Commerzbank , hold only a tiny fraction of that, accor…
Executives at parent firm of Credit Suisse’s China partner summoned in probe
SHANGHAI (Reuters) – The parent of Founder Securities, Credit Suisse AG’s brokerage venture partner in China, said four of its executives were ordered to cooperate with an official investigation, stirring concerns as a dispute heats up with a major sha…
Rolls-Royce’s shift to smaller, sporty cars spurs sales to record
FRANKFURT (Reuters) – Luxury car maker Rolls-Royce is upbeat about sales this year after smaller, more sporty cars gained appeal with younger customers, resulting in a 13 percent jump in deliveries in 2014.
