IEA sees 2015 oil demand growth much lower, supply hitting prices
LONDON (Reuters) – Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the International Energy Agency said on Tuesday, and prices may extend their sharp fall so long as OPEC shows no sign of countering…
Chrysler recalls 184,215 SUVs for possible air bag issue
DETROIT (Reuters) – Chrysler Group is recalling an estimated 184,215 sport utility vehicles globally because a possible short circuit in a part could disable air bags and seat-belt pretensioners, the automaker said on Tuesday.
Irish tax changes may cost U.S. groups billions
LONDON (Reuters) – Ireland’s plan to close a “Double Irish” tax loophole could cost U.S. companies including Apple and Google billions of dollars, although a new break and pressure to tackle tax avoidance elsewhere means they are unlikely to decamp.
Domino’s quarterly profit tops Wall Street view
(Reuters) – Domino’s Pizza Inc on Tuesday reported a quarterly profit that topped Wall Street’s estimates, boosted by strong results overseas and its home market of the United States, where rival Pizza Hut is struggling.
French bank turns to Twitter for money transfers
PARIS/FRANKFURT (Reuters) – One of France’s largest banks launched a service on Tuesday to allow its customers to transfer money to other people via tweets on social network Twitter Inc. .
Facing new oil glut, Saudis avoid past mistakes to halt price slide
DUBAI (Reuters) – Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world’s top oil exporter Saudi Arabia is determined not to make the same mistake again.
Growth fears weigh on major shares, dollar up after big slide
LONDON (Reuters) – Deepening concern over the health of the global economy dragged shares in Europe and Japan lower on Tuesday, while the dollar rebounded from big declines the previous day.
Social media: More hindrance than help in banks’ cyber crime fight
LONDON (Reuters) – Banks are fighting an uphill battle to protect themselves and their client accounts from cyber attacks, and the sometimes careless use of social media by customers and staff isn’t making the fight any easier.
U.S. small business confidence declines in September: NFIB
WASHINGTON (Reuters) – U.S. small business optimism fell in September as more owners said they expected a slowdown in profits and sales, tightening credit conditions and a harder time filling job openings, according to a survey released on Tuesday.
IKEA targets French expansion, eyes central Paris
PARIS (Reuters) – IKEA, the world’s biggest furniture retailer, will invest 600 million euros ($760 million) in France by 2017 to open seven new stores and renovate two of its existing outlets, the company said on Tuesday, creating 1,300 jobs and providing some cheer for a struggling economy.
