BOJ drives rates below zero, stepping up aggressive easing
KANAZAWA Japan (Reuters) – The Bank of Japan drove a short-term interest rate below zero, a dramatic step in its already unprecedented effort to stoke inflation and a likely sign it will continue its aggressive asset purchases.
Ferrari chairman quits to leave Fiat’s Marchionne in driving seat
MILAN (Reuters) – Ferrari chairman Luca Cordero di Montezemolo is quitting the Italian sports car maker to be replaced by the boss of parent group Fiat , Sergio Marchionne, after the two auto industry heavyweights clashed over strategy and the Formula …
Santander bank’s powerful patriarch Botin dies, daughter to succeed
MADRID (Reuters) – Emilio Botin, one of Spain’s most powerful men who transformed Santander from a small domestic lender into the euro zone’s biggest bank, has died of a heart attack, aged 79.
Italy’s Montezemolo says becoming Alitalia Chairman a possibility
MARANELLO Italy (Reuters) – Outgoing Ferrari Chairman Luca Cordero di Montezemolo said on Wednesday that taking on the chairmanship of Alitalia was a possibility but he would decide only after leaving the sports car maker in October.
U.S. mortgage applications fall in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages fell last week as interest rates rose for the first time in four weeks, an industry group said on Wednesday.
European absence to take financial toll on Man Utd
LONDON (Reuters) – Manchester United’s revenue and profit is set to fall in 2014-15, the English soccer club said on Wednesday, paying the price for missing out on European games this season and underlying the value of a swift return to the Champions L…
Nevada lawmakers to consider huge tax breaks for Tesla
CARSON CITY Nev. (Reuters) – Nevada lawmakers on Wednesday will consider controversial tax breaks estimated at up to $1.3 billion for Tesla Motors Inc to build its $5 billion battery factory in the state.
Retailers give themselves makeover as millennials follow own beat
NEW YORK (Reuters) – Alison LePard, a 19-year-old college sophomore from Wellesley, Massachusetts, says that when she shops for clothes and accessories, her goal is a look that is uniquely hers. So she does a lot of mixing and matching.
Alibaba’s record IPO covered after first few roadshow meetings: sources
(Reuters) – Alibaba Group Holding Ltd has received enough orders for its record-breaking initial public offering to cover the entire deal within just two days of its launch, people familiar with the IPO process said on Wednesday.
Shares fall, yields rise as Fed, Scotland dominate
LONDON (Reuters) – Global shares fell on Wednesday as markets strengthened bets on an early U.S. rate hike while persistent concerns over Scotland’s future unnerved investors in Europe, helping a high-flying dollar hold on to recent gains.
