Stock futures inch up, indicating rebound; earnings awaited
NEW YORK (Reuters) – U.S. stock index futures were higher on Thursday, implying a rebound from the previous session as investors used the drop to add to positions and looked ahead to the release of some key corporate reports for further incentives.
Business activity improves in China, euro zone but little sign of turnaround
LONDON/BEIJING (Reuters) – Euro zone businesses performed much better than forecasters expected this month and China’s vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived.
Honda executives to take pay cut after fifth Fit hybrid recall
TOKYO (Reuters) – Honda Motor Co said on Thursday its president and 12 other executives would take an unprecedented, quality-related pay cut after the Japanese automaker announced the fifth recall in a year of its new Fit hybrid model.
U.S. prosecutors probe Takata Corp over statements: WSJ
NEW YORK (Reuters) – U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd …
Euro zone business growth unexpectedly gains pace, prices still falling: PMI
LONDON (Reuters) – Euro zone businesses performed much better than anyone expected this month but did so by slashing prices again, and optimism about the future fell to its lowest level in over a year, surveys showed on Thursday.
Finland’s Nokia reports strong profits from networks
HELSINKI (Reuters) – Finland’s Nokia beat market expectations as it reported strong third-quarter profit growth and lifted the profitability outlook for its core network gear unit on the back of large network roll-outs in North America and China.
Nissan recalling 260,000 vehicles globally with Takata air bags
TOKYO (Reuters) – Nissan Motor Co said on Thursday it is recalling 260,000 vehicles globally due to a defect in driver-side air bags made by Takata Corp.
German survey props up European shares
LONDON (Reuters) – Stock markets in Europe recovered from a poor start on Thursday after a batch of more optimistic than expected surveys of German and euro zone purchasing managers leavened an otherwise shaky mood.
Credit Suisse CEO says sees no material issues in forex probe
ZURICH (Reuters) – Credit Suisse does not see material issues related to the global probe into the $5 trillion-a-day foreign exchange market, the Zurich-based bank’s chief executive said on Thursday.
Monte Paschi and Carige set to face capital gap in ECB tests: Bloomberg
MILAN (Reuters) – Italian banks Monte dei Paschi di Siena and Banca Carige are likely to need additional capital to plug shortfalls found by the European Central Bank (ECB) in region-wide bank stress tests, according to a media report.
