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Thursday, November 27, 2014

Business Today: Toyota recalls more cars for dangerous Takata air bags

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11/27/2014
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Toyota recalls more cars for dangerous Takata air bags
TOKYO (Reuters) - Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.
Oil hits four-year low as expectations fade for OPEC cuts
LONDON (Reuters) - Fading hopes OPEC will cut production when it meets Thursday sent oil prices tumbling to a four-year low and the world stock-market rally paused for Thanksgiving in the United States.
EU lawmakers urge regulators to get tough on Google
BRUSSELS (Reuters) - European Union lawmakers overwhelmingly backed a motion on Thursday urging antitrust regulators to get tough on Google and other Internet search engines and consider breaking them up.
Low expectations for oil output cut as OPEC meets
VIENNA (Reuters) - Gulf oil producers led by Saudi Arabia are expected to press the case on Thursday for not yet cutting OPEC output, despite calls from several members of the group to bolster sagging prices by removing surplus crude from the market.
EU's Juncker survives no-confidence vote over tax deals
BRUSSELS (Reuters) - The European Commission's new president, Jean-Claude Juncker, comfortably survived a no-confidence vote on Thursday brought over news that Luxembourg had lured multinational businesses with super low tax rates during his period as prime minister.
Banking tricks blunt China's drive to increase lending
SHANGHAI (Reuters) - China hopes that last week's interest rate cut will increase lending into the economy to shore up flagging growth, but measuring any rise will be impeded by a number of tricks the country's bankers use to manipulate the figures.
Barclays says its Swiss private bank drops out of U.S. tax deal
ZURICH (Reuters) - Barclays' private bank in Switzerland has dropped out of a U.S. program aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday.
Exclusive: France, Italy, Belgium may break budget rules, EU to revisit in March
BRUSSELS (Reuters) - The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March.
China's official PMI seen edging down to 50.6 in November
BEIJING (Reuters) - Growth in China's manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed.
EU's Juncker survives no-confidence vote over tax deals
BRUSSELS (Reuters) - The European Commission's new president, Jean-Claude Juncker, comfortably survived a no-confidence vote on Thursday brought over news that Luxembourg had lured multinational businesses with super low tax rates during his period as prime minister.
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