Debts to stabilize but countries still vulnerable, IMF says
WASHINGTON (Reuters) – Advanced economies are cutting fiscal deficits at the fastest pace since 2011 and are on track to have debt stabilize in the next year, though at a very high level, the IMF said on Wednesday.
JPMorgan launches $3.3 billion physical commodity business sale
(Reuters) – JPMorgan Chase & Co has launched the sale of its physical commodities business, circulating offering documents to potential buyers and valuing the assets at $3.3 billion, according to a person familiar with the matter.
U.S. regulators urge banks to work with borrowers during shutdown
WASHINGTON (Reuters) – U.S. regulators on Wednesday urged banks to go easy on borrowers who are having trouble making payments on mortgages, student loans and other debt because of the federal government shutdown.
Default jitters spread to U.S. repo market
NEW YORK (Reuters) – Growing worries about a possible U.S. default are spreading to a key part of the short-term credit market, sending overnight interest rates to their highest in five months on Wednesday.
World stocks set to rise steadily, barring U.S. budget blow-up: Reuters poll
LONDON (Reuters) – Steady gains for most of the world’s major stock markets have further to run before the year’s out, assuming Washington stops its debt ceiling spat spiraling into a financial crisis, a Reuters poll showed.
France pressures Alcatel-Lucent on lay-off plans
PARIS (Reuters) – France warned on Wednesday it could use new rules to block a plan by telecoms company Alcatel-Lucent to lay off 900 French workers, but unions and government sources questioned whether the state would go that far.
GM recalls nearly 22,000 pickup trucks in North America over seats
DETROIT (Reuters) – General Motors Co said on Wednesday it is recalling nearly 22,000 of its 2014 Chevrolet Silverado and GMC Sierra full-size pickup trucks because of a problem with their seats.
Ford seeks 5 percent of China vehicle sales in fourth quarter
DEARBORN, Michigan (Reuters) – Ford Motor Co aims to capture 5 percent of China vehicle sales in the fourth quarter, double its share at the end of 2011, its top official in the country said on Wednesday.
Ex-Chesapeake CEO McClendon raises $1.7 billion to drill in Utica Shale
(Reuters) – An energy firm run by Aubrey McClendon, the former Chesapeake Energy Corp chief executive, has raised $1.7 billion to drill on shale acreage in Ohio’s Utica Shale, the firm said on Wednesday.
Jos. A. Bank offers to buy Men’s Wearhouse, gets brush-off
(Reuters) – Jos. A. Bank Clothiers Inc offered to buy bigger rival Men’s Wearhouse Inc for about $2.3 billion to create a men’s apparel heavyweight with more than 1,700 stores – a proposal that Men’s Wearhouse swiftly rejected.
