Global shares hit six-month low as growth worries mount
LONDON (Reuters) – Global shares fell to a six-month trough and Brent crude futures tumbled to their lowest since 2010 on Friday as investors worried about the prospect of a widespread economic slowdown just as U.S. monetary stimulus nears its end.
Metro exits Danish wholesale market
FRANKFURT (Reuters) – German retailer Metro said the Danish cash and carry market is saturated and it is too small to compete, so it is selling two stores and closing three others.
EU watchdog to publish bank stress test results on October 26
LONDON (Reuters) – The European Banking Authority said the results of a pan-European Union health check of 123 banks will be published at 1200 central European time (0700 EDT) on Oct. 26.
BMW outsells Audi, Mercedes but lead over rivals shrinking
BERLIN (Reuters) – BMW outsold German rivals Audi and Mercedes-Benz in September thanks to strong demand in Europe, but the gap between the three luxury car brands has narrowed this year in a fierce sales race.
Big U.S. firms boost equity weightings in 401(k) target-date funds
(Reuters) – In changes that have raised the potential investment risks in many 401(k) retirement accounts, several major fund companies are increasing the stock allocation of their target date funds, which are used by many of those with such plans.
China third-quarter GDP growth seen at five-year low of 7.3 percent, more stimulus expected
BEIJING (Reuters) – China’s economy likely grew at its weakest pace in more than five years in the third quarter as a property downturn weighed on demand, a Reuters poll showed, raising the chances of more aggressive policy steps that may include cutti…
Nissan says Sept China auto sales down 20 percent year-on-year
SHANGHAI (Reuters) – Japanese automaker Nissan Motor Co Ltd said on Friday that, together with its Chinese joint venture partner, it sold about 93,700 automobiles in China in September, down 20 percent from a year earlier.
Tesla unveils all-wheel drive Model S, ‘autopilot’ features
HAWTHORNE Calif. (Reuters) – Tesla Motors Inc on Thursday took its first step toward automated driving, unveiling features that will allow its electric sedan to park itself and sense dangerous situations.
GM says Sept China auto sales up 15.2 percent year-on-year
SHANGHAI (Reuters) – General Motors Co and its Chinese joint ventures sold 319,936 vehicles in China in September, up 15.2 percent from a year earlier, the U.S. automaker said on Friday.
Ford says new plants, models to boost China sales after September dip
SHANGHAI (Reuters) – Ford Motor Co said on Friday it expects to boost sales in China once new assembly facilities come online and new vehicles hit showrooms in coming months, after posting its first dip in China monthly sales this year.
