Hyundai Motor promotes younger executives, with eye on succession planning
SEOUL (Reuters) – Hyundai Motor and affiliate Kia Motors promoted younger executives on Friday, in moves analysts said would help smoothen an eventual leadership succession at the family-owned conglomerate.
S&P nears settlement on real-estate bond ratings: WSJ
(Reuters) – Standard & Poor’s Ratings Services is nearing a settlement with regulators over their investigation of how the company graded real-estate bonds, the Wall Street Journal reported, citing people familiar with the matter.
Russia says ruble crisis over as reserves dive, inflation climbs
MOSCOW (Reuters) – Russia said on Thursday its currency crisis was over even though its forex reserves have plunged and annual inflation has climbed above 10 percent, adding to the problems facing the government as it fights its worst economic crisis s…
Russian ruble strengthens in thin trade
MOSCOW (Reuters) – Russia’s rouble strengthened on Thursday as exporters sold foreign currency in response to government pressure and to meet tax payments, but trading volumes were thin as many Western markets were closed for the Christmas Day holidays…
Subaru scraps plan to shift Crosstrek production to U.S.: source
TOKYO (Reuters) – Fuji Heavy Industries , the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant and will instead make the SUV in Japan, a source familiar with the company’s production…
Wall St. ends flat in short session, Dow ekes out record close
NEW YORK (Reuters) – U.S. stocks closed flat in a short session on Wednesday as investors found few reasons to push major indexes to their sixth straight day of gains despite strength in biotechs and bullish labor market data.
U.S. retailers likely to just meet holiday sales forecasts: experts
CHICAGO (Reuters) – U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment fr…
Oil slides, Brent tests $60 as data shows glut building
NEW YORK (Reuters) – Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in.
Wall St. ends flat in short session, Dow ekes out record close
NEW YORK (Reuters) – U.S. stocks closed flat in a short session on Wednesday as investors found few reasons to push major indexes to their sixth straight day of gains despite strength in biotechs and bullish labor market data.
Ruble stable, but S&P downgrade warning weighs
MOSCOW (Reuters) – Russia’s ruble stabilised on Wednesday, as exporters selling foreign currency countered the effect of a ratings agency saying it could downgrade Russia’s sovereign debt to ‘junk’ status as soon as next month.
