Japan approves Fukushima operator’s revival plan
TOKYO (Reuters) – Japan’s trade ministry on Wednesday approved a revival plan for the utility responsible for the Fukushima nuclear disaster, Tokyo Electric Power Co , its second attempt at restoring its battered finances.
Euro zone trade surplus grows as imports fall in November
BRUSSELS (Reuters) – The euro zone trade surplus widened in November because imports fell more sharply than exports, data from the EU’s statistics office Eurostat showed on Wednesday, pointing to continued weakness of domestic demand.
Chief of Boeing’s Washington machinists union to retire
(Reuters) – The president of Boeing Co’s biggest union, who was at the center of the negotiations with the company to secure a crucial labor contract earlier this month, said he will retire at the end of this month citing health concerns.
China bank lending slows as PBOC walks policy tightrope
BEIJING (Reuters) – China’s new bank lending slowed more than expected in December and broad money supply growth also eased, highlighting the policy tightrope the central bank must walk as it tries to contain risky debt levels without braking the econo…
China grants gold import licenses to foreign banks for first time: sources
SINGAPORE/SHANGHAI (Reuters) – China has granted licenses to import gold to two foreign banks for the first time, sources said, as moves to open the world’s biggest physical bullion market gather pace.
China December bank lending, money supply growth miss forecasts
BEIJING (Reuters) – China’s new bank lending slowed more than expected in December while growth of broad money supply also eased, suggesting the central bank’s efforts to tap the brakes on credit expansion to contain debt levels is gaining traction.
Toyota executive calls out Musk as battle for green car future heats up
DETROIT (Reuters) – In an escalation of the auto industry’s war of words over future green technologies, a senior Toyota Motor Corp executive singled out Elon Musk and other rival executives on Tuesday and made a bold prediction for its hydrogen car.
Deutsche suspends trader suspected of forex rigging: paper
FRANKFURT (Reuters) – Deutsche Bank has suspended at least one currency trader on suspicion of manipulating benchmark forex rates, a German paper reported.
Analysis: JPMorgan set to reap rewards of playing it safe on rates
(Reuters) – In 2010, senior executives at JPMorgan Chase & Co came to realize that interest rates, already at zero for more than a year, ultimately had only way to go: up.
GM to pay first quarterly dividend in almost six years
DETROIT (Reuters) – General Motors Co will pay the first quarterly dividend on its common stock in almost six years, marking another step in the U.S. automaker’s recovery from its bankruptcy in 2009 and sending shares up 3.2 percent in after-hours trad…
