PSA shares slump on report of capital talks with Dongfeng, France
PARIS (Reuters) – Shares in PSA Peugeot Citroen fell 10 percent on Monday on a Reuters report it was preparing a 3-billion-euro ($4.1 billion) capital increase in which Chinese partner Dongfeng and the French state would secure stakes in it.
Ford’s Russia venture adds new SUV model
MOSCOW (Reuters) – Ford Sollers, a joint venture between U.S. automaker Ford Motor Co and Russian carmaker Sollers , is adding a new SUV model to its range to meet growing local demand.
China inflation at seven-month high, limits room for easing despite export tumble
BEIJING (Reuters) – China’s annual consumer inflation rate rose to a seven-month high of 3.1 percent in September as poor weather drove up food prices, limiting the scope for the central bank to maneuver to support the economy even as exports showed a …
Insight: How Credit Suisse underwent painful bond surgery -and survived
NEW YORK/ZURICH (Reuters) – In spring 2009, senior Credit Suisse executive Gaël de Boissard told colleagues at a strategy meeting that as the bank reshaped its bond trading business, they needed to remember the five stages of grief outlined decades ago by psychiatrist Elisabeth Kübler-Ross.
Food prices drive up Indian inflation, strengthening rate hike view
NEW DELHI (Reuters) – Inflation in India unexpectedly hit a seven-month high in September as food prices climbed, increasing the odds for yet another central bank interest rate hike even as the economy stumbles through its worst crisis since 1991.
U.S. debt doubts keep lid on shares, yen rises
LONDON (Reuters) – Slow progress in talks to avert a U.S. debt default kept world shares and oil under pressure on Monday, while the yen rose as some investors shifted into safer assets.
Chevron goes to trial in New York over $18 billion Ecuador award
NEW YORK (Reuters) – Chevron Corp will try to convince a U.S. judge this week that a group of Ecuadorean villagers and their U.S. lawyer used bribery to win an $18 billion judgment against Chevron from a court in Ecuador, in the latest chapter in a lon…
Yahoo CEO Mayer has advertisers’ attention, but can she get their dollars?
NEW YORK/SAN FRANCISCO (Reuters) – Three weeks ago, Yahoo Inc Chief Executive Marissa Mayer strode into a Manhattan hotel and was greeted like a rock star by hundreds of advertising executives who snapped pictures as she sat down for an interview with …
Yahoo CEO Mayer has advertisers’ attention, but can she get their dollars?
NEW YORK/SAN FRANCISCO (Reuters) – Three weeks ago, Yahoo Inc Chief Executive Marissa Mayer strode into a Manhattan hotel and was greeted like a rock star by hundreds of advertising executives who snapped pictures as she sat down for an interview with …
Netflix in talks with U.S. cable companies: WSJ
NEW YORK (Reuters) – Netflix Inc is in talks with several U.S. cable television companies including Comcast Corp and Suddenlink Communications to make its streaming video service available through their set-top boxes, the Wall Street Journal reported o…
