Dealers say GM customer anxiety rising, sales may take hit
BOSTON (Reuters) – An ignition switch defect linked to deadly crashes and mounting recalls are raising anxiety in General Motors Co showrooms, according to dealers who increasingly are fielding calls from customers concerned about the safety of GM cars…
UK to probe $250 billion credit card market
LONDON (Reuters) – Britain’s financial watchdog will investigate the 150 billion pound ($250 billion) credit card market to assess if people in financial trouble are being treated fairly, it said on Thursday.
World food prices jump again in March: U.N.’s FAO
ROME (Reuters) – Global food prices rose to their highest in almost a year in March, led by unfavorable weather for crops and political tensions over Ukraine, the United Nations food agency said on Thursday.
German private sector expansion eases in March: PMI
BERLIN (Reuters) – Growth in Germany’s private sector eased to a five-month low in March after scaling a 33-month high the month before, a business survey showed on Thursday.
Euro zone private sector logs strongest quarter in three years: PMI
LONDON (Reuters) – Euro zone businesses logged their busiest quarter in three years at the start of 2014 but did so by slashing prices, surveys showed on Thursday, underscoring fears that deflation may soon afflict the region.
Lufthansa pilots keep airline grounded for second day
FRANKFURT (Reuters) – Lufthansa pilots were on strike for a second day on Thursday, grounding Germany’s largest airline in a row over retirement conditions.
Growing service sector won’t avert China slowdown
BEIJING (Reuters) – A robust services sector will not stop China’s economy from slowing into the middle of the year, analysts said after modest government stimulus was seen as a signal authorities want to steady growth to keep their reform drive on tra…
BOJ seen holding rates as tankan signals softer outlook
TOKYO (Reuters) – The Bank of Japan is expected to stand pat on monetary policy and maintain an upbeat view of the economy next week, unfazed by corporate-sector concerns a sales tax hike may dent growth and delay a sustainable exit from deflation.
Near-bankrupt Chinese property firm offers lesson in lending risks
FENGHUA, China (Reuters) – To understand why many of China’s small property developers are struggling, look no further than Zhejiang Xingrun Real Estate.
Citigroup faces criminal inquiry for fraud at Mexico unit: NYT
(Reuters) – Federal authorities have opened an investigation into a $400 million fraud involving Citigroup’s Mexican unit, the New York Times reported, citing people briefed on the matter.
