Ford’s upscale push in Europe draws skeptics
COLOGNE, Germany (Reuters) – Ford wants to steal customers from premium carmakers with higher-end versions of its mass-market models as it tries to end years of losses in Europe.
Suzuki recalls 184,244 GM-built cars in U.S. for fire risk
DETROIT (Reuters) – Suzuki Motor Corp is recalling 184,244 cars in the United States that were built by General Motors Co because of a potential fire risk, according to documents filed with U.S. safety regulators.
U.S. regulators opens probe of older Chrysler heavy-duty pickups
DETROIT (Reuters) – U.S. safety regulators have opened a probe into an estimated 110,000 heavy-duty Chrysler Group Ram pickup trucks with manual transmissions after reports that the vehicle had started when the clutch was not engaged.
U.S. businesses urge tough line over China antitrust policy
BEIJING (Reuters) – U.S. companies are crying foul over China’s oversight of monopoly and pricing issues, as antitrust enforcement threatens to further sour Sino-American business ties already damaged by a row over cyber espionage.
Exclusive: Goldman’s Cohn takes on Washington to defend commodities
NEW YORK (Reuters) – Sen. Sherrod Brown, a Democrat from Ohio, and Goldman Sachs Group Inc. President Gary Cohn, who’s from Cleveland, are friendly enough that Brown has been known to rib Cohn for abandoning the Cleveland Indians baseball team in favor…
ECB easing bets push euro to three-month low
LONDON (Reuters) – The euro fell to a three-month low against the dollar and stocks and bonds in the region climbed on Friday, after a wobble in German business confidence added to expectations the European Central Bank will cut interest rates next mon…
French central bank says closely watching BNP’s U.S. case
PARIS (Reuters) – The French central bank said on Friday it was closely monitoring risks related to a U.S. probe of BNP Paribas which may cost France’s biggest listed bank a multi-billion dollar fine and its reputation in one its growth markets.
China says economy faces pressure, policy fine-tuning needed
BEIJING (Reuters) – China’s economy still faces “relatively big” downward pressures and timely policy fine-tuning is needed, Premier Li Keqiang was quoted by state radio as saying on Friday.
Hong Kong court orders EY to hand over mainland China audit papers
HONG KONG (Reuters) – A Hong Kong court has ordered auditor EY to hand over documents related to a former Chinese client in a boost for international regulators seeking access to the books of mainland China companies listed outside their home territory…
Russia, China agree on $25 billion prepayment under supply deal: Gazprom
ST PETERSBURG, Russia (Reuters) – Russia and China have agreed on a $25 billion prepayment under a supply deal signed earlier this week, Alexander Medvedev, chief executive of Gazprom Export, said on Friday.
