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| Toyota takes stake in Mazda, links up for $1.6 billion U.S. plant |
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Toyota Motor Corp said on Friday it planned to take a 5 percent share of smaller Japanese rival Mazda Motor Corp, as part of an alliance that will see the two build a $1.6 billion U.S. assembly plant and work together on electric vehicles
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| Toyota takes stake in Mazda, links up for $1.6 billion U.S. plant |
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Toyota Motor Corp said on Friday it planned to take a 5 percent share of smaller Japanese rival Mazda Motor Corp, as part of an alliance that will see the two build a $1.6 billion U.S. assembly plant and work together on electric vehicles
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| U.S. Says It Will Fight ‘Distortions’ Caused by China's Economy |
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The U.S. said it will combat the “distortions” to the world economy created by China’s economic system, especially in markets for steel and aluminum
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| Why record U.S. oil exports are poised for even more growth |
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U.S. refineries are producing more fuel than ever as they seek to meet rising demand - from overseas, rather than the drivers on nearby roadways
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| Libor to End in 2021 as FCA Says Bank Benchmark Is Untenable |
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Libor, the benchmark underpinning more than $350 trillion of financial products, will be phased out by the end of 2021, as U.K. regulators and banks look to replace the scandal-tarred indicator with a more reliable system
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| US House votes overwhelmingly for Russia sanctions |
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Europeans fear impact on pipelines and other energy projects if Trump signs bill
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| Fed expected to leave rates unchanged; balance sheet in focus |
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The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September in what would be a vote of confidence in the U.S. economy
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| US tech sector surges past its dotcom era peak |
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Ninth consecutive day of gains pushes S&P 500 IT index into virgin territory
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| New U.S. Subprime Boom, Same Old Sins: Auto Defaults Are Soaring |
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It’s classic subprime: hasty loans, rapid defaults, and, at times, outright fraud
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| Cohn in the frame to lead Fed |
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White House adviser searching for Janet Yellen’s successor could take the job himself
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| Britain takes step toward Brexit with repeal bill |
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Britain published legislation on Thursday to sever political, financial and legal ties with the European Union, an important step toward Brexit but one which the opposition said it would challenge.
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| Newspapers team up to deal with Facebook and Google |
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Publishers ask US Congress to permit collective effort to negotiate with web giants
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| Qatar central bank says country has $340 billion in reserves, can weather Arab sanctions: CNBC |
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Qatar has $340 billion in reserves including holdings of its sovereign wealth fund that could help the Gulf country to weather the isolation by its powerful Arab neighbors, central bank governor Sheikh Abdullah Bin Saoud al-Thani told CNBC
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| China and Russia strike $11bn funding deal |
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Renminbi-denominated funds allow Russian counterparties to avoid penalties under US sanctions
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| Fed's Yellen expects no new financial crisis in 'our lifetimes' |
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U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash
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