Chinese developers seek alternative financing as investors grow wary
HONG KONG (Reuters) – China’s property developers are turning to commercial mortgage-backed securities and looking at other alternative financing as creditors grow more discriminating in the face of rising concerns about the country’s real estate and d…
UBS suspends four more traders in forex probe: report
NEW YORK/LONDON (Reuters) – UBS AG has suspended four more of its traders in the wake of a global investigation into collusion and manipulation by big dealers in the foreign exchange market, Bloomberg News reported on Wednesday.
Some airlines mull quitting Venezuela over debts: IATA
SANTIAGO (Reuters) – Some major airlines are considering ceasing operations in Venezuela because of currency controls that have left the airlines unable to repatriate $3.8 billion in revenues, the head of the industry’s main organization said on Wednes…
U.S. over-counter trading tightens reporting, other standards
NEW YORK (Reuters) – OTC Markets, the operator of three U.S. over-the-counter equity markets, is rolling out tighter reporting standards and eligibility requirements for its venture-stage market to crack down on stock scams and bolster transparency, th…
Exclusive: GM’s new recall risk – the spare parts market
DETROIT/WASHINGTON (Reuters) – As General Motors Co recalls 1.6 million vehicles that have defective ignition switches linked to at least 12 deaths, it faces another potential risk – this time in the spare parts market.
European bets help Delaware team grab top Lipper award
(Reuters) – Bets on financial companies and Europe’s beat-up economy helped maintain a decade-long winning streak at the Delaware Extended Duration Bond Fund rolling in 2013.
Facebook takes page out of Google playbook with Oculus deal
SAN FRANCISCO (Reuters) – Does Facebook Inc have Google envy?
Fed has not discussed when to end QE, Bullard says: Bloomberg TV
(Reuters) – Federal Reserve policymakers have not discussed the exact timing for wrapping up their bond-buying stimulus, a top Fed official said on Wednesday in comments that suggested quantitative easing could end any time from October to January.
U.S. Senate panel sets April 2 hearing on GM auto recalls
WASHINGTON/DETROIT (Reuters) – A U.S. Senate panel has scheduled a hearing for April 2 into how General Motors Co and federal regulators addressed concerns about malfunctioning GM ignition switches over the past decade, with vehicle recalls finally ann…
Peugeot signs Dongfeng deal, recovery hurdles remain
PARIS (Reuters) – PSA Peugeot Citroen’s tie-up with China’s Dongfeng was signed on Wednesday, bringing the French carmaker much-needed cash and greater access to Asia but leaving major challenges ahead.
