BMW not interested in buying stake in Tesla: Wirtschaftswoche
FRANKFURT (Reuters) – Germany’s BMW is not interested in buying a stake in U.S. electric carmaker Tesla Motors , German weekly WirtschaftsWoche reported on Friday, citing a BMW statement.
Standard Chartered hit with first S&P downgrade in 20 years
LONDON (Reuters) – Ratings agency Standard & Poor’s (S&P) cut its credit rating on Standard Chartered for the first time in 20 years on Friday, citing the “tough period” the Asia-focused bank was going through and its weaker credit-worthiness.
ECB’s Nouy says banks must show they can make profits
LONDON (Reuters) – Euro zone banks that failed or scrapped through this year’s health checks will have to demonstrate they can make sustainable profits and may need to sell off loss-making units, the European Central Bank’s top banking supervisor said….
Japan may expand air bag recalls; worried about impact on industry
TOKYO (Reuters) – Honda Motor and Mazda Motor may have to recall another 200,000 cars in Japan to replace Takata Corp air bags if Takata complies with a U.S. order to recall cars across the United States rather than just in humid regions.
Putin expects oil prices to find balance by middle of 2015
SOCHI, Russia (Reuters) – Russian President Vladimir Putin said on Friday he was confident the oil market would find its balance by the middle of next year.
Saudis block OPEC output cut, sending oil price plunging
VIENNA (Reuters) – Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.
World investors cut stocks and hold cash as uncertainty dominates
LONDON (Reuters) – World investors eased back on their exposure to risk assets such as stocks as they grappled with divergent monetary policies and multi-speed growth paths among major world economies, a global poll shows.
Poor performance catching up with active stock fund managers
BOSTON (Reuters) – Stock-picking fund managers are testing their investors’ patience with some of the worst investment returns in decades.
Special Report: Why Italy’s stay-home shoppers terrify the euro zone
ROME (Reuters) – “Three for the price of two” used to be the most common special offer in Giorgio Santambrogio’s supermarket chains. It has barely been used this year. The reason explains why efforts to resuscitate Italy’s moribund economy are failing….
OPEC inaction halts Europe rally; dollar firms
LONDON (Reuters) – Oil prices extended their recent slide on Friday, sending related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut.
