Dec 16 (Reuters) – Ford Motor is recalling 32,160 vehicles in the United States, as loss of drive power increases the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Tuesday. The report added that a half shaft that is not fully engaged to the primary drive unit can result …
LONDON, Dec 16 (Reuters) – Weakening profit margins at private credit borrowers globally will likely lead to further loan defaults in 2026, credit rating agency Morningstar DBRS said on Tuesday, as it reaffirmed its negative outlook for the fast-growing sector. The roughly $3 trillion private credit market – mostly made up of loans to companies …
Private credit pressures to fuel further defaults in 2026, says Morningstar DBRS Read More »
WASHINGTON, Dec 16 (Reuters) – U.S. job growth likely rebounded in November following an anticipated decline in nonfarm payrolls in October because of federal government cost-cutting, economists predicted, still consistent with a gradually weakening labor market. The Labor Department’s Bureau of Labor Statistics will on Tuesday publish the delayed employment report for November and a …
Delayed US employment reports expected to show softening labor market Read More »
BEIJING/HONG KONG, Dec 16 (Reuters) – Chinese AI chip startup Biren Technology aims to launch a Hong Kong initial public offering in the coming weeks, four sources with knowledge of the matter said. The IPO could raise $300 million, local Chinese media reported. One of the sources confirmed the number to Reuters. The Shanghai-based company, …
China AI chip firm Biren to launch Hong Kong IPO in coming weeks, sources say Read More »
By Shivangi Lahiri and Rishav Chatterjee Dec 16 (Reuters) – Star Entertainment’s CEO Steve McCann will be stepping down, the Australian company said in a surprise announcement on Tuesday, after guiding the beleaguered casino operator through a prolonged stretch of acute financial turmoil. Bruce Mathieson Jr., who was appointed as chair earlier in the month, …
Star Entertainment CEO Steve McCann to exit after bruising turnaround stint Read More »
NEW YORK, Dec 15 (Reuters) – Nasdaq, one of the world’s largest exchanges that is home to tech companies Nvidia, Apple and Amazon, is planning to submit paperwork with the U.S. Securities and Exchange Commission on Monday to roll out round-the-clock trading of stocks, as it looks to capitalize on a global demand for U.S. …
Exclusive-Nasdaq seeks to extend trading hours, as Wall Street gears up for 24/7 move Read More »
By Mike Colias Dec 15 (Reuters) – Ford Motor announced a $19.5 billion charge on electric-vehicle investments on Monday, the most visible sign to date of the auto industry’s pullback from a technology carmakers wholeheartedly embraced early this decade. Much of that sum reflects expenses related to canceling fully electric models that had been years …
Ford’s $19.5 billion EV writedown: five things to know Read More »
SYDNEY, Dec 16 (Reuters) – Australia’s consumer sentiment slid in December after turning positive for the first time in four years the previous month, as households grappled with renewed angst over inflation and the interest rate outlook, a private survey showed on Tuesday. A Westpac-Melbourne Institute survey showed its main index of consumer sentiment fell …
Australia’s consumer sentiment slides in December on renewed angst over inflation, rates Read More »
Dec 15 (Reuters) – Payments firm PayPal said on Monday it has applied to establish a bank in the United States, as companies rush to capitalize on a friendly regulatory environment under the Trump administration. The San Jose, California-based company has filed with the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation …
Payments firm PayPal files for bank charter in lending push Read More »
By Sinéad Carew and Lawrence White NEW YORK/ LONDON, Dec 15 (Reuters) – MSCI’s global equities gauge fell slightly with U.S. Treasury yields on Monday as investors were shy about taking big bets as they waited for the week’s busy schedule of U.S. economic data releases including the jobs report and retail sales as well …
Global stock index dips ahead of key US data, central bank decisions Read More »
