Analysis: Emerging market pain not about to faze U.S.-focused Fed
NEW YORK (Reuters) – The U.S. Federal Reserve, intent on cutting its stimulus again this week, is not about to blink in the face of a brutal selloff of emerging market assets that could yet gain steam in Turkey, Argentina and elsewhere.
Japan logs record trade deficit in 2013 – MOF
TOKYO (Reuters) – Japanese exports rose 15.3 percent in December but imports outpaced shipments due to a weak yen and subsequent higher fuel import costs, resulting in a record trade deficit for 2013, Ministry of Finance data showed on Monday.
Warburg Pincus hires ArcelorMittal’s ex-mining chief: FT
(Reuters) – U.S. private equity firm Warburg Pincus has appointed ArcelorMittal’s former mining head, Peter Kukielski, as “executive in residence” to aid its plan to buy non-core assets from natural resource groups, the Financial Times reported on Sund…
Asian shares wobble, yen soars on emerging market anxiety
TOKYO (Reuters) – The yen rocketed to a seven-week high against the dollar in early Asian trading on Monday, driven by fears of a continued flight from emerging markets as tighter credit conditions in China threatened to put the brakes on the world’s s…
U.S. regulators to order Boeing 767 safety checks: WSJ
(Reuters) – U.S. aviation regulators plan to order safety checks of more than 400 Boeing Co 767 jets because of movable tail sections that may jam and possibly cause some pilots to lose control of the aircraft, according to a report in The Wall Street …
Analysis: Emerging market investors find some places to hide
NEW YORK (Reuters) – After a scary sell-off in emerging markets in the past week, investors who specialize in the sector are looking for places to hide while also looking for opportunities to benefit.
Ford says redesigned F-150 pickup body cheaper, easier to repair
NEW ORLEANS (Reuters) – Ford Motor Co told dealers on Sunday that the radical redesign of the upcoming F-150 pickup will be easier and cheaper to repair than the outgoing model, helping hold down insurance costs for buyers.
Drawn-out Thai crisis unsettles investors, may deter new money
BANGKOK (Reuters) – Long-term foreign investors say they are sticking with Thailand despite its political woes but the threat of worsening chaos may scare away new money as companies scope out other options in neighboring countries such as Indonesia.
Britain’s Lloyds bank customers hit by ATM card glitch
(Reuters) – Tens of thousands of customers of banks owned by Britain’s Lloyds Banking Group were unable to use their debit and ATM cards for several hours on Sunday as an apparent technical glitch hit its system.
Analysis: BP back in favor despite spill legacy, Russia doubts
LONDON (Reuters) – If you had spent 10 pounds on BP shares on April 19, 2010, you would have just nine pounds now, including dividends. A poor investment, however you cut it, but also a remarkable recovery.
