Business & Finance News
Shares of Capital One Financial Corp could climb significantly if investors look beyond its well-known credit card arm to see the bank within it, according to Barron’s Dec. 7 edition.
Mexican Foreign Minister Marcelo Ebrard said on Sunday that Mexico would accept a U.S. proposal regulating steel in the United States-Mexico-Canada Agreement, but only if the rule took effect at least five years after the pact’s ratification.
Friday’s booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when U.S. central bankers meet this week, most of the focus will be on their outlook for next year and beyond.
The unwillingness of the top four U.S. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a recent spike in U.S. money market rates, the Bank for International Settlements said.
Britain’s biggest retailer, Tesco , has signaled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of those Thai and Malaysian operations.
Britain’s biggest supermarket chain Tesco said on Sunday it had started a review of its businesses in Thailand and Malaysia, including looking at a possible sale.
Amazon.com Inc founder Jeff Bezos said it would support the U.S. Department of Defense as technology companies vie for more defense contracts and the Pentagon seeks to modernize itself.
Volkswagen’s German plants need to boost efficiency to match overseas operations, production chief Andreas Tostmann was quoted as saying, targeting 2 billion euros ($2.2 billion) in savings by 2023.
Japan’s markets watchdog will likely recommend soon that the financial regulator fine Nissan Motor Co Ltd about 2.4 billion yen ($22 million) over false reporting on its financial statement, public broadcaster NHK reported on Sunday.
Japan’s markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co Ltd about 2.4 billion yen ($22 million) over false reporting on its financial statement, public broadcaster NHK reported on Sunday.
China’s copper imports rose 12.1% in November from the previous month to their highest in more than a year, as an unexpected improvement in the manufacturing sector drove up demand.
China’s crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.
China’s exports in November shrank for the fourth consecutive month, underscoring persistent pressures on manufacturers from the Sino-U.S. war but growth in imports may be a sign that Beijing’s stimulus steps are helping to stoke demand.
China’s iron ore imports fell for a second straight month in November, customs data showed on Sunday, as lower shipments from top miners in Australia and Brazil overshadowed firm demand for the steelmaking ingredient at mills.
China’s coal imports plunged 19% in November from the previous month as tighter import rules at ports curbed shipments towards the year’s end.
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