Russia raises rates in emergency move as ruble collapses
MOSCOW (Reuters) – Russia’s central bank raised its key interest rate to 17 percent from 10.5 percent early Tuesday in an emergency move to halt a collapse in the rouble as oil prices decline and the country’s sanctions-hit economy slides toward recess…
U.S. housing starts fall, but trend points to recovery
WASHINGTON (Reuters) – U.S. housing starts fell in November as groundbreaking for single-family homes declined after two hefty increases, in what appeared to be a brief pause in a gradual recovery trend.
Vodafone to get $850 million Canada finance, mainly for BlackBerry
OTTAWA (Reuters) – British mobile phone operator Vodafone Group PLC will get $850 million in Canadian trade financing to help it buy enterprise services from BlackBerry Ltd, Ottawa said on Tuesday.
Chrysler renames itself as FCA US
(Reuters) – U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles (FCA) NV .
U.S. factory activity growth at 11-month low in December: Markit
NEW YORK, Dec 16 (Reuters) – The U.S. manufacturing sector continued to expand in December but its growth rate hit an 11-month low, an industry report showed on Tuesday.
Honda to recall more than 500,000 cars in China due to Takata air bags
BEIJING (Reuters) – Chinese authorities said on Tuesday that Honda Motor Co. and its two joint ventures in China would recall 569,769 cars due to potentially defective air bags which the carmaker said were made by Japan’s Takata Corp..
Ford India to recall 20,752 EcoSport cars to inspect corrosion concerns
MUMBAI (Reuters) – Ford Motor Co’s India unit on Tuesday said it will recall 20,752 EcoSport cars in the country to correct concerns about fuel and vapor line corrosion in the long-term.
Navistar posts larger-than-expected quarterly loss
(Reuters) – Navistar International Corp on Tuesday reported a larger-than-expected loss, pulled down by restructuring and product warranty costs.
Navistar posts larger-than-expected quarterly loss
(Reuters) – Navistar International Corp on Tuesday reported a larger-than-expected loss, pulled down by restructuring and product warranty costs.
World set to end year in brittle economic state
LONDON/SYDNEY (Reuters) – The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis.
