Bank of England splits over rate hike for first time in three years
LONDON (Reuters) – Bank of England policymakers have broken ranks over interest rates for the first time in three years, with two of them unexpectedly voting to tighten policy, in a move that revives speculation about a 2014 rate hike.
Global stocks halt rally, BoE jolts UK markets
LONDON (Reuters) – World stocks mostly halted their recent rally on Wednesday before the latest policy signal from the U.S. central bank, while UK stocks and bonds fell after Bank of England minutes showed two rate-setters voted to raise interest rates…
China fines Japanese auto parts makers record $201 million for price-fixing
BEIJING/TOKYO (Reuters) – China has fined Japanese auto parts makers a record 1.235 billion yuan ($201 million) for manipulating prices as the government steps up its enforcement of an anti-trust law that has targeted major corporations and revived pro…
France’s Hollande says to accelerate reforms to boost growth
PARIS (Reuters) – French President Francois Hollande said on Wednesday he would accelerate reforms to boost growth, highlighting steps to increase homebuilding and give tax breaks to poorer households as he tries to win back voter confidence.
Exclusive: Amid investor pressure, PetSmart says to explore sale
NEW YORK (Reuters) – PetSmart Inc said on Tuesday it will explore a potential sale of the company, bowing to mounting pressure from several shareholders led by activist investor Jana Partners LLC.
NHTSA unveils new recall search tool
WASHINGTON (Reuters) – U.S. auto safety regulators on Wednesday unveiled a more precise way for vehicle owners to search online to find out if their cars or motorcycles have been recalled by the manufacturer.
Top policymaker could be tapped to lead Malaysia Airlines: report
KUALA LUMPUR (Reuters) – Malaysia is considering tapping one of its top economic policymakers to lead an overhaul of Malaysia Airlines that aims to transform the troubled carrier into a “premium airline”, a newspaper reported on Wednesday.
Japan export rebound offers hope for economic growth
TOKYO (Reuters) – Japan’s exports rose in July for the first time in three months in a tentative sign that overseas demand is starting to recover, which could raise hopes that exports can offset a slump in consumer spending.
More Bombardier executive reshuffling as CSeries still grounded
TORONTO (Reuters) – Another Bombardier Inc commercial aircraft executive has left the company, the plane and train maker confirmed on Tuesday, the latest move following a major restructuring announcement last month involving its aerospace division.
Lawmakers threaten Ex-Im Bank subpoena in oversight rebuff
WASHINGTON (Reuters) – Top members of the House of Representatives Financial Services panel are threatening to subpoena the U.S. Export-Bank over the bank’s refusal to make three employees available for questioning as Congress considers whether to rene…
