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News & Updates

May 16, 2016 Fitch say that Brexit would increase downside risks to EU sovereigns

Source: Forex Live

•negative actions would become more likely in medium term if economic impact were severe or significant political risks materialised

May 13, 2016 China Credit Expansion Moderates Amid Warning on Debt Binge

Source: Bloomberg

China’s broadest measure of new credit rose less than expected last month, suggesting that the central bank is starting to temper a flood of borrowing amid warnings from officials about potential side effects of the debt binge

May 13, 2016 Obama Gas Rules Set Table For Wide Emissions Cut, If Trump Loses

Source: Bloomberg

Oil-and-gas producers have a financial incentive to make sure methane isn't leaking from wells and pipelines. Yet methane has become a well-documented problem--and once it joins the atmosphere, scientists will tell you, it...

May 13, 2016 Honda to Recall 21 Million More Vehicles to Fix Takata Air Bags

Source: Bloomberg

Honda Motor Co.’s annual profit fell again on the costs of recalling four times the number of vehicles it made last year to replace Takata Corp. air bags. Now a stronger yen will weigh on prospects for a rebound.

May 13, 2016 VW’s Europe Market Share Slumps to Five-Year Low on Scandal

Source: Bloomberg

Volkswagen AG’s European market share narrowed for an eighth consecutive month since the German carmaker’s admission to rigging diesel cars to cheat on emissions tests, as BMW AG and Mercedes-Benz wooed buyers with sport utility...

May 13, 2016 Subaru warns 48,500 near-new cars could lose steering

Source: USA Today

The Japanese automaker says it is recalling 48,500 new and near new cars because drivers potentially could lose control if they have the defect. Of those, about 22,000 are in customer's hands, says spokesman Michael McHale.

May 13, 2016 Oil at $45 a Barrel Proving No Savior as Bankruptcies Pile Up

Source: Bloomberg

Three bankruptcies this week shows that $45 a barrel oil isn’t enough to rescue energy companies on the verge of collapse.

May 13, 2016 Weak world economic growth lingers, with only modest improvement seen – UN

Source: UN Centre

With little prospects for a turnaround in 2016, growth in the world economy remains weak, posing a challenge to the implementation of development targets, a new United Nations report released today has found.

May 13, 2016 Brexit Could Hit Growth, House Prices and the Stock Market, IMF Warns

Source: Bloomberg

The International Monetary Fund capped a week of warnings by heavy-hitting supporters of Britain staying in the European Union, all unanimous in their view of the dire consequences of a so-called Brexit.

May 12, 2016 David Cameron to Seek More Transparency From Offshore Firms Buying in Britain

Source: NY Times

LONDON — Two days after being overheard describing two nations as “fantastically corrupt,” Prime Minister David Cameron of Britain is expected to announce plans on Thursday to clamp down on money laundering in his own backyard.

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