Honda to recall 405,000 vehicles over airbag system glitch
TOKYO (Reuters) – Honda Motor Co said it is recalling about 405,400 vehicles including the Odyssey minivan in the United States and three other countries due to a glitch in the computer chip used in the airbag system.
Abu Dhabi’s Etihad plans expansion push into India
ABU DHABI (Reuters) – Etihad Airways is expanding operations in India with more flights and wide-bodied jets, building on its deal with India’s Jet Airways as it eyes growth in one of the fastest growing markets.
JPMorgan likely to lead Chrysler IPO: CNBC
(Reuters) – JPMorgan Chase & Co is likely to lead the underwriting of Chrysler Group LLC’s initial public offering, CNBC reported late on Wednesday, citing a person familiar with the offer.
Goldman, Ex-Mirae CIO to launch Asia long/short hedge funds
HONG KONG (Reuters) – Goldman Sachs Investment Partners and Cong Li, the former chief investment officer of Mirae Asset Global Investment (Hong Kong), are preparing to start separate Asian hedge funds as fund launches gather pace in the second half of …
Wall Street-funded report defends banks’ role in physical commodities
NEW YORK (Reuters) – A report funded by Wall Street’s largest lobby group laid out the most public justification yet of banks’ role in physical commodity markets, a lucrative business now under threat from mounting political and regulatory pressure.
PetroChina supplier Wison says records seized, can’t contact chairman
HONG KONG (Reuters) – Wison Engineering Services Co Ltd , a major PetroChina supplier, said Chinese authorities investigating the company had seized records and temporarily frozen some of its bank accounts, adding it was no longer able to contact its c…
China property developers pull down shutters, hoard cash
HONG KONG (Reuters) – China’s biggest property developers are sitting on $25 billion in cash as they prepare for a possible credit crunch and another round of crackdowns on real estate speculation.
Fed’s dovish turn leaves Wall Street economists mulling taper timing: poll
NEW YORK (Reuters) – The Federal Reserve’s surprise move on Wednesday to postpone the start of the wind down of its monetary stimulus of the U.S. economy has left Wall Street economists puzzled about the central bank’s next move.
JPMorgan Whale settlement expected Thursday: source
(Reuters) – U.S. and UK regulators are expected to announce a civil settlement as soon as Thursday of their investigations into JPMorgan Chase & Co’s “London Whale” derivatives loss, a source familiar with the matter said on Wednesday.
Billabong signs refinancing deal; appoints new chief executive
SYDNEY (Reuters) – Australia’s Billabong International Ltd accepted a sweetened refinancing proposal from U.S. hedge ‘funds Oaktree Capital Management and Centerbridge Partners, and appointed an industry veteran as its new chief executive.
