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ECB rate meeting, Chinese data in focus
By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank is almost certain to ease policy next week as depressed commodity prices raise the risk of deflation, while a string of data from China will offer clues about the extent of the recent emerging market slowdown. Growth in most key economies has slowed this year as states such as China to Brazil attempt to rebalance, weighing on... [Read more]
Pressure builds against short sellers targeting Tesla
Potential losses are building against traders who have bet against Tesla Motors Inc . The electric car manufacturer's stock has surged about 25 percent since it posted upbeat quarterly results in early February. At the same time, activity by short sellers – who bet that a company's shares will fall – has hit an all-time high, and the interest rate paid by short sellers has skyrocketed.... [Read more]
Asia shares scale 7-week peak, commodities on the mend
Asian shares were bound for a third straight session of gains on Thursday as upbeat data on U.S. jobs and a rally in a range of commodities whetted risk appetites globally. MSCI's broadest index of Asia-Pacific shares outside Japan added another 0.9 percent to reach a seven-week top, having surged 2.6 percent on Wednesday. Japan's Nikkei Excerpt from: Asia shares scale 7-week peak, commodities... [Read more]
Energy pioneer McClendon dies in fiery car crash, a day after indictment
Former Chesapeake Energy Chief Executive Aubrey McClendon, a brash risk-taker who helped transform the U.S. energy industry with shale gas, died when his car slammed into an overpass on Wednesday, one day after being charged with breaking federal antitrust laws, police … See the original post here: Energy pioneer McClendon dies in fiery car crash, a day after indictment Read More →
Uber’s real estate footprint unmatched among S.F. Bay Area startups
By Heather Somerville SAN FRANCISCO (Reuters) – Uber's new Oakland headquarters is about four times bigger than Internet radio service Pandora Media's office nearby, and will house about five times the number of employees that ride-hailing competitor Lyft has at its headquarters. The on-demand ride service paid $123.5 million for Oakland's historic Sears building last year and... [Read more]
Fiat Chrysler February U.S. sales rise 12 percent
By Bernie Woodall DETROIT (Reuters) – Fiat Chrysler Automobiles February U.S. auto sales rose 12 percent as the carmaker again showed strong Jeep SUV and Ram truck sales. Sales for Jeep's six SUV models rose 23 percent, View original here: Fiat Chrysler February U.S. sales rise 12 percent Read More →
Central banks near policy limits but back in focus after G20
FRANKFURT/TOKYO (Reuters) – The widely predicted failure of G20 leaders to agree on bold new steps to reinvigorate the world economy at a meeting in Shanghai this weekend puts the onus firmly back on central bankers. “Monetary policy is extremely accommodative to the point that it may even be counterproductive Read the rest here: Central banks near policy limits but back in focus after... [Read more]
U.S. lawmakers say Takata manipulated data to hide airbag problems
By David Shepardson and Paul Lienert WASHINGTON/DETROIT (Reuters) – U.S. lawmakers on Tuesday stepped up pressure on federal regulators and Takata Corp to accelerate the recall of millions of airbag inflators, citing evidence that the Japanese… More here: U.S. lawmakers say Takata manipulated data to hide airbag problems Read More →
Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls
By David Shepardson WASHINGTON (Reuters) – German luxury automaker Audi on Tuesday topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports despite the brand's emissions-cheating scandal while quality problems hurt Tesla Motors Inc's Model S luxury car. Audi was followed by Fuji Heavy Industries' Subaru unit, Toyota Motor Corp's Lexus brand,... [Read more]
Allergan’s revenue beats on higher U.S. brand sales
(Reuters) – Allergan Plc reported better-than-expected quarterly revenue, helped by strong performance in its U.S. brands segment, and said it continues to expect its takeover by Pfizer Inc to close in the second Continued here: Allergan’s revenue beats on higher U.S. brand sales Read More →