Japan export growth slows, maintains policy pressure on Abe

Japan's exports grew for a third straight month in November from a year earlier, but much more slowly than expected and despite a sharp fall in the yen, maintaining economic policy pressure on Prime Minister Shinzo Abe days after his ruling coalition's big election win.

Japan's Prime Minister Shinzo Abe

Honda ran tests on fatal air bag flaw, frustrated by Takata reticence: sources

Honda Motor Co (7267.T) was so concerned by mounting recalls for Takata (7312.T) air bags, and frustrated by its supplier's failure to explain why some have exploded, killing five people with shrapnel, that it bought used and scrapped cars in Japan to conduct its own tests.


Fannie Mae, Freddie Mac to lose market share to private capital: CBO

America's government-controlled mortgage finance giants, Fannie Mae and Freddie Mac, will likely guarantee a shrinking share of new loans over the next decade, congressional analysts said on Tuesday.

Fannie Mae



Jobs & Career News

Japan PM Abe: to ask companies to raise wages next year

Prime Minister Shinzo Abe

Japanese Prime Minister Shinzo Abe said on Monday he will ask business leaders to raise wages next year at a meeting on Tuesday.

Oil hits new five-year low before rallying to $63

Fuel Nozzles

Brent crude oil hit a fresh five-year low close to $60 a barrel on Monday after producer group OPEC restated its determination not to cut output despite a global fuel glut, but the North Sea benchmark later rallied to around $63.

Dollar, stocks rebound on strong U.S. data


The dollar and most global equity markets on Thursday snapped three days of losses after strong U.S. retail sales and declining jobless claims signaled the U.S. economy could weather weak oil prices and a likely interest rate hike next year.

Permira sells Hugo Boss shares for 500 million euros: source

Hugo Boss

Buyout group Permira has sold an 11 percent stake in German fashion retailer Hugo Boss (BOSSn.DE) for 500 million euros ($620 million), a source familiar with the matter said on Friday.

Australia's Qantas says international, domestic chiefs to leave

Qantas Planes

Qantas Airways Ltd (QAN.AX) said on Friday that the heads of its international and domestic divisions "decided to leave" the Australian carrier, four days after the airline told shareholders it expects to swing back to profitability.


GE sees 2015 profit pressured by 'sluggish' oil business

General Electric Co gave a 2015 profit forecast range on Tuesday that barely included Wall Street's target as the U.S. conglomerate braced for a "sluggish" oil and gas sector due to plunging crude prices.


Philips to buy medical device maker Volcano for $1.2 billion including debt

Philips (PHG.AS) will acquire Volcano Corp (VOLC.O), a U.S.-based medical device maker, for $1.2 billion including debt, to expand in the image-guided therapy market.

Sony Pictures Entertainment

Sony Pictures warns staff on fraudsters misusing stolen data

Sony Pictures Entertainment advised its current and former employees to be on the alert for fraudsters looking to use their stolen data, which included detailed personal information.


Vodafone to get C$850 million Canada finance, mainly for BlackBerry

British mobile phone operator Vodafone Group PLC (VOD.L) will get C$850 million ($726 million) in Canadian trade financing to help it buy enterprise services from BlackBerry Ltd (BB.TO), Ottawa said on Tuesday.

Oil Rigs

Apache to sell stakes in LNG projects to Woodside for $2.75 billion

Apache Corp (APA.N) has agreed to sell stakes in two liquefied natural gas developments, Wheatstone in Australia and Kitimat in Canada, for $2.75 billion to Woodside Petroleum (WPL.AX), which "stress-tested" the projects against low crude prices before signing up to buy them.

Standard Chartered

Standard Chartered to sell Hong Kong consumer business to Pepper-linked consortium: sources

Standard Chartered (STAN.L) has agreed to sell its Hong Kong-based consumer finance business to a consortium that includes Pepper Australia Pty Ltd and a Chinese group, in a deal estimated between $600 million to $700 million, two people with knowledge of the deal said.


China to lower import taxes for some goods from January

China will adjust its import and export taxes from Jan. 1 as part of a larger effort to re-order trade to foster economic growth, the Finance Ministry said on Tuesday.

Stock Market

Oil price slide roils emerging markets, yen rises

Oil prices touched fresh 5-1/2-year lows on Monday, spurring an emerging market selloff as demand for the safe-haven yen picked up while European stocks stabilised after their worst week since 2011.


VW's Bentley raises car sales target on new models: report

Volkswagen's ultra-luxury brand Bentley has raised its target for sales as the British carmaker plans to add models such as its first ever sport-utility vehicle, Frankfurter Allgemeine Zeitung reported on Monday.


Volvo to launch online car sales in marketing shift

Volvo Car Corp said it will start selling vehicles online as it rolls out new models to compete with German luxury rivals such as BMW (BMWG.DE).

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