Global shares jittery over U.S. stimulus, BOJ talk crops yen
LONDON (Reuters) – World shares fell for a second day and gold was near a five-month low on Tuesday, as concern the U.S. will soon scale back its economic stimulus offset reports that Japan would ramp up its own stimulus.
China’s leaders see challenges in 2014, vow to push economic reforms
BEIJING (Reuters) – China’s top leaders pledged to quicken reforms in 2014 while keeping policy stability and consistency at a meeting of the decision-making Politburo on Tuesday, the official Xinhua news agency reported.
Japan preparing $53 billion economic stimulus package this week: sources
TOKYO (Reuters) – Japan will craft an economic stimulus package this week worth about $53 billion to bolster the economy ahead of an increase in the national sales tax in April, people familiar with the process said on Tuesday.
Hyundai Motor feels heat from Japanese rivals in China
SEOUL (Reuters) – Hyundai Motor Co could be one of the biggest losers from surging sales of Japanese cars in China as the South Korean automaker’s problems spread from the United States to the world’s largest auto market.
Hyundai Motor says U.S. vehicles sales rose 5 percent in November
SEOUL (Reuters) – Hyundai Motor said on Tuesday that its U.S. sales climbed 5 percent to 56,005 vehicles in November from a year earlier, driven by sales of Santa Fe sport utility vehicles and other models.
China’s yuan surpasses euro as 2nd most-used currency in trade finance: SWIFT
HONG KONG (Reuters) – China’s yuan currency overtook the euro in October, becoming the second-most used currency in trade finance, global transaction services organization SWIFT said on Tuesday.
SAC portfolio manager kept Cohen in dark about insider info: witness
NEW YORK (Reuters) – SAC Capital Advisors portfolio manager Michael Steinberg deliberately avoided telling his boss Steven A. Cohen that he was trading on Dell Inc with inside information, a former analyst at the hedge fund testified on Monday.
Companies, academics say budget cuts threaten U.S. competitiveness
WASHINGTON (Reuters) – Mandatory U.S. budget cuts known as sequestration are resulting in job losses across the country and threaten to undermine U.S. competitiveness in the global economy, industry executives and academics said on Monday, urging Congr…
Exclusive: United Auto Workers considers first dues hike since 1967
DETROIT (Reuters) – The United Auto Workers union is considering hiking membership dues by 25 percent, the first increase since 1967, as it faces dwindling membership and rising costs, a top UAW official and several union sources said.
Apple buys startup Topsy; gets rich Twitter data
SAN FRANCISCO (Reuters) – Apple Inc has acquired social media search and analytics startup Topsy, an unusual purchase for a hardware-focused company that has made few forays into social networking.
