Oil slide hits European stocks, safe-haven assets sought
LONDON (Reuters) – A relentless slide in crude prices put energy stocks and currencies exposed to oil exports under pressure on Friday, dampening appetite for riskier assets and underpinning flows into the safety of core government bonds.
Mazda to recall 52,000 cars in Japan over Takata air bags
TOKYO (Reuters) – Mazda Motor Corp said on Friday it would recall 52,000 cars in Japan to investigate potential defects in Takata Corp air bags.
Permira sells Hugo Boss shares for 500 million euros: source
FRANKFURT (Reuters) – Buyout group Permira has sold an 11 percent stake in German fashion retailer Hugo Boss for 500 million euros ($620 million), a source familiar with the matter said on Friday.
China November output, investment data show further weakness, more stimulus expected
BEIJING (Reuters) – China’s economy showed further signs of fatigue in November, with factory growth slowing more than expected and investment expansion hovering near a 13-year low, putting pressure on policymakers to unveil stronger stimulus measures….
Roche says head of Genentech research unit to retire
ZURICH (Reuters) – Roche said the head of research operations at its subsidiary Genentech would retire at the end of the year, the latest in a string of executives to leave the Californian biotech unit.
Australia’s Qantas says international, domestic chiefs to leave
SYDNEY (Reuters) – Qantas Airways Ltd said on Friday that the heads of its international and domestic divisions “decided to leave” the Australian carrier, four days after the airline told shareholders it expects to swing back to profitability.
U.S. corporations winning fight over human rights lawsuits
WASHINGTON (Reuters) – A landmark U.S. Supreme Court decision in 2013 that made it all but impossible to sue foreign companies in U.S. courts for alleged roles in overseas human rights abuses is proving to be a boon for U.S. firms too, court documents …
Trillion dollar IT trade deal on a knife-edge at the WTO
GENEVA (Reuters) – A trillion dollar deal at the World Trade Organization to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday.
U.S. crude crashes below $60 as six-month rout pushes on
NEW YORK (Reuters) – U.S. crude fell below $60 a barrel on Thursday for the first time in five years, breaking through a key psychological support level that triggered fresh selling as some traders said they saw no reason for a rebound any time soon.
Wall Street bounces after three-day slump; off day’s highs as oil falls
NEW YORK (Reuters) – U.S. stocks rose on Thursday as upbeat retail sales figures and other U.S. data pointed to a strengthening economy and lifted optimism about consumer spending.
