Honda expands U.S. recall of Takata air bags
WASHINGTON (Reuters) – Honda Motor Co said on Monday it was expanding its recall of cars due to defective Takata Corp air bags to a nationwide campaign.
Oil drops $2 to five-year low on oversupply
NEW YORK (Reuters) – Brent and U.S. crude oil each fell more than $2 a barrel on Monday to a new five-year low amid a rising number of predictions that oversupply would extend well into 2015.
U.S. inflation expectations remain flat, NY Fed survey finds
NEW YORK (Reuters) – Falling oil prices and a stronger U.S. dollar did not dampen Americans’ inflation expectations last month, according to a Federal Reserve Bank of New York survey that also found a jump in expected earnings growth.
Two more deaths eligible for General Motors compensation
WASHINGTON (Reuters) – Claims deemed eligible for compensation from a faulty ignition switch in General Motors Co vehicles rose slightly in the last week, including two additional deaths attributed to the defective switch, according to an official repo…
VW to unveil concept crossover intended to boost U.S. sales
BERLIN (Reuters) – Volkswagen will present a sport-utility concept vehicle in the United States next month, intended to increase its range in the lucrative crossover segment and boost sales in the world’s second-biggest car market, company sources said…
U.S. economy to grow, inflation to slow: Chicago Fed survey
(Reuters) – U.S. economic growth is expected to pick up next year, driving down the unemployment rate, but inflation is seen slowing slightly, according a survey published Monday by the Federal Reserve Bank of Chicago.
Uber banned from operating in Indian capital after driver rape
NEW DELHI (Reuters) – U.S. online ride-hailing service Uber has been banned from operating in the Indian capital after a female passenger accused one of its drivers of rape, a case that has reignited a debate about the safety of women in the South Asia…
Euro zone warning hits stocks, currency as oil plumbs depths
LONDON (Reuters) – European stocks and the euro wallowed on Monday amid a stark warning about the currency bloc’s economic prospects, keeping pressure on rock-bottom oil prices following weak data from Asia.
China advisers recommend 7 percent growth goal in 2015 as leaders meet
BEIJING (Reuters) – China’s top leadership will meet on Tuesday for an annual gathering to map out economic and reform plans for the following year, and some influential advisers to the government are recommending it cuts its 2015 growth target to seve…
Japan economy shrinks more than expected, backs Abe’s tax decision
TOKYO (Reuters) – Japan’s economy shrank more than initially reported in the third quarter on declines in business investment, data showed on Monday, surprising markets and backing premier Shinzo Abe’s recent decision to delay a second sales tax hike.
