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Foreign automakers double down on China bets despite slowing growth

Breaking Business News - 54 min 32 sec ago
SHANGHAI (Reuters) - Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth.






Volkswagen exploring new budget models for China: exec

Breaking Business News - 2 hours 25 min ago
SHANGHAI (Reuters) - Volkswagen is exploring the possibility of developing budget sports utility vehicles (SUVs) and multi-purpose vehicles (MPVs) in China in a bid to keep up with shifts in the market, its China chief executive, Jochem Heizmann, said on Sunday.

Comcast, Time Warner Cable to meet DoJ officials over merger: WSJ

Breaking Business News - 4 hours 41 min ago
(Reuters) - Representatives of Comcast Corp and Time Warner Cable Inc are preparing to meet U.S. Department of Justice officials to discuss competition concerns raised by the planned $45 billion merger of the two cable giants, the Wall Street Journal reported on Saturday.






Greece wants EU/IMF deal but impasse could bring referendum: deputy PM

Breaking Business News - Sat, 04/18/2015 - 22:57
ATHENS (Reuters) - Greece aims for a deal with its creditors over a reforms package but will not retreat from its red lines, the country's deputy prime minister told the Sunday newspaper To Vima, not ruling out a referendum or early polls if talks reach an impasse.

IMF nations point to exchange rate, geopolitical risks

Breaking Business News - Sat, 04/18/2015 - 18:11
WASHINGTON (Reuters) - The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven prospects."






Bartiromo cheers on her female co-workers

Talking Biz News - Sat, 04/18/2015 - 16:16
Emily Heil of the Washington Post spoke with Fox Business Network anchor Maria Bartiromo about her career, her spending habits and her investments. Here is an excerpt: So first I have to ask you...

BMW recalls 91,800 Mini Coopers to fix air-bag sensor

Breaking Business News - Sat, 04/18/2015 - 15:46
WASHINGTON (Reuters) - BMW is recalling 91,800 Mini Coopers in the United States to replace a defective sensor that may prevent the front passenger seat air bag from deploying in a crash, the German automaker said on Saturday.

Thousands in Germany protest against Europe-U.S. trade deal

Breaking Business News - Sat, 04/18/2015 - 14:30
BERLIN (Reuters) - Thousands of people marched in Berlin, Munich and other German cities on Saturday in protest against a planned free trade deal between Europe and the United States that they fear will erode food, labor and environmental standards.






Russia denies German report it is ready to sign gas deal with Greece

Breaking Business News - Sat, 04/18/2015 - 14:19
MOSCOW/BERLIN (Reuters) - Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens' depleted state coffers.

Velshi getting new show on Al Jazeera America

Talking Biz News - Sat, 04/18/2015 - 13:00
Al Jazeera America announced that the channel is launching a new nightly, half-hour show hosted by business journalist Ali Velshi titled, “Ali Velshi on Target.” The program debuts May 11 and will air weeknights...

Ukraine meets with investors in effort to strike debt deal

Breaking Business News - Sat, 04/18/2015 - 11:23
WASHINGTON (Reuters) - Ukrainian authorities met with investors in Washington on Friday as part of an effort to secure agreement on extending maturities of bonds issued by state-run Ukreximbank.






Taurus revamp debuts in China as Ford counters U.S. sedan slump

Breaking Business News - Sat, 04/18/2015 - 10:26
SHANGHAI/DETROIT (Reuters) - Ford Motor Co's global premiere of its redesigned Taurus sedan in China underscores a shift in its U.S. home market from the big sedan to roomier, utilitarian crossover SUVs.






Deutsche Bank leans toward limited revamp with Postbank sale: sources

Breaking Business News - Sat, 04/18/2015 - 09:00
FRANKFURT (Reuters) - Deutsche Bank will sell Postbank but keep a pared back own-brand retail business in the overhaul plan currently favored by management, sources familiar with the internal discussions at Germany's biggest lender said.

Grilled: Lexus seeks design edge over premium rivals

Breaking Business News - Sat, 04/18/2015 - 02:27
BEIJING (Reuters) - Big may be beautiful, but Toyota Motor Corp's global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature 'spindle grille' design.






Wall Street falls steeply with China, Greece fears paramount

Breaking Business News - Fri, 04/17/2015 - 22:18
(Reuters) - The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings.

Investors look to earnings for market direction

Breaking Business News - Fri, 04/17/2015 - 22:15
NEW YORK (Reuters) - Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.






G20 more upbeat on growth, but officials fret over Greece

Breaking Business News - Fri, 04/17/2015 - 20:11
WASHINGTON (Reuters) - The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery.

Exclusive: Greece scrapes bottom of barrel in hunt for cash to stay afloat

Breaking Business News - Fri, 04/17/2015 - 19:05
ATHENS (Reuters) - Greece will need to tap all the remaining cash reserves across its public sector -- a total of 2 billion euros ($2.16 billion) -- to pay civil service wages and pensions at the end of the month, according to finance ministry officials.






Investors look to earnings for market direction

Breaking Business News - Fri, 04/17/2015 - 19:04
NEW YORK (Reuters) - Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.

G20 more upbeat on growth, but officials fret over Greece

Breaking Business News - Fri, 04/17/2015 - 18:52
WASHINGTON (Reuters) - The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery.