ECB shouldn’t signal next move so soon after cut: Weidmann
FRANKFURT (Reuters) – The European Central Bank should not signal any further easing of its monetary policy for now as it has only just cut interest rates, Bundesbank Chief Jens Weidmann said in a newspaper interview published on Wednesday.
Solid Spain recovery will smooth budget road – minister
MADRID (Reuters) – Spain’s economy is on a strong enough recovery path to achieve three more years of deficit reduction without further spending cuts or tax hikes, the treasury minister told Reuters.
Mazda’s new Mexico plant a key foreign base, to start Jan
TOKYO/SHANGHAI (Reuters) – Mazda Motor Corp will begin production at its new Mexico factory in January, the carmaker’s chief said on Wednesday, describing the plant as a key foreign base for the Japanese company as it pares its reliance on domestic out…
China reforms will help ease local government debt burdens: official
BEIJING (Reuters) – China’s upcoming reforms will help ease local government debt burdens, and the risks of local government debt are under control, a senior Communist Party official said on Wednesday.
GlaxoSmithKline completes sale of Aspen shares, raising $694 million
LONDON (Reuters) – GlaxoSmithKline said on Wednesday it had completed the sale of 28.2 million shares in Aspen Pharmacare at 250 rand each, raising gross proceeds of 7.059 billion rand ($694 million).
Japan economy gets fresh impetus as exports log biggest rise in three years
TOKYO (Reuters) – A surge in car shipments spurred Japanese exports to their biggest annual increase in three years in October, suggesting a gradual pick up in global demand will help underwrite a sustainable recovery in the world’s third-largest econo…
Crossover rollouts continue with Porsche, Ford concept at LA show
LOS ANGELES (Reuters) – Consumers’ growing love affair with “crossover” vehicles that combine the functionality and cachet of sport utility vehicles with the comfort and performance of a car shows no signs of abating with Germany’s Porsche unveiling th…
General Motors banking on the Colorado to be player in mid-sized trucks
LOS ANGELES (Reuters) – General Motors Co is banking on American consumers’ desire for something different from cars and crossover utility vehicles to drive demand for its Chevrolet Colorado when the mid-sized pickup trucks re-enter the U.S. market nex…
Mazda CEO says to begin production at key Mexico plant from January
TOKYO (Reuters) – Mazda Motor Corp will begin production at its new Mexico factory in January, the carmaker’s chief said on Wednesday, describing the plant as a key foreign base for the Japanese company as it pares its reliance on domestic output.
JPMorgan agrees $13 billion settlement with U.S. over bad mortgages
NEW YORK/WASHINGTON (Reuters) – In late September, JPMorgan Chief Executive Jamie Dimon walked into the office of U.S. Attorney General Eric Holder.
