GM’s global recall includes imported Buick Enclaves in China
SHANGHAI (Reuters) – General Motors Co will recall 24,021 imported Buick Enclave vehicles due to airbag defects, China’s quality watchdog said on Monday, as part of the U.S. automaker’s global recall over the same issue involving over nearly 1.2 millio…
Russia’s leading role in the Indonesian mining revolution
JAKARTA (Reuters) – Russia’s two metal giants have emerged as big winners from Indonesia’s new mining law, after leading a drive to get Jakarta to stick to its controversial mineral ore export ban in the face of opposition from miners and Asian buyers….
Singapore’s Tiger Airways orders Airbus jets valued at $3.8 billion
SINGAPORE (Reuters) – Singapore’s Tiger Airways Holdings Ltd has placed an order for 37 Airbus A320neo aircraft valued at $3.8 billion at list prices, taking delivery of the planes from 2018 to 2025, the carrier said in a statement on Monday.
Hyundai Motor targets 228,000 new Sonata sales this year
SEOUL (Reuters) – South Korea’s Hyundai Motor aims to sell 228,000 new Sonata sedans globally this year, betting on the key model to regain market share and reverse a profit fall.
BlackRock warns over ‘major uncertainties’ of Scottish independence
(Reuters) – BlackRock Inc , the world’s largest money manager, warned that Scottish independence would bring about “major uncertainties, costs and risks” in Britain, becoming the latest company to join the debate on this year’s referendum.
China credit strains rise as Beijing embraces failure
HONG KONG/SHANGHAI (Reuters) – Credit warning signs are flashing for heavily indebted Chinese semiconductor, software and commodities firms as the government cautiously steps aside to let market forces play a bigger role in deciding winners and losers….
Orange CEO says he wants a second term
PARIS (Reuters) – Orange boss Stephane Richard has said he should be given a second term as chief executive of the state-backed telecom group despite an ongoing investigation of his role as a government aide in a 2008 arbitration case in which the stat…
Kocherlakota won’t become Fed’s next habitual dissenter
WASHINGTON (Reuters) – Minneapolis Federal Reserve Bank President Narayana Kocherlakota, whose differences with Fed Chair Janet Yellen over rewriting the central bank’s pledge to keep interest rates low led him to cast the sole dissenting vote on Fed p…
Fed guessing game intensifies while West isolates Russia
BRUSSELS (Reuters) – The guessing game over U.S. interest rates is likely to intensify this week after new Fed Chair Janet Yellen raised the prospect of a hike early next year, while Russia’s annexation of Crimea will keep investors focused on its next…
Standard Life in advanced talks to buy Phoenix asset management unit
(Reuters) – British life insurance and pensions group Standard Life has announced it is in “exclusive and advanced” talks to buy rival Phoenix Group Holdings’ Ignis Asset Management.
