Last week’s decision by the Swiss National Bank to scrap its currency cap with the euro not only roiled global markets, it’s also being felt in the pockets of Roger Federer.
A top U.S. executive at Honda Motor Co. said competitors are doing “stupid things” to boost auto sales, including making seven-year-long car loans that harm buyers.
President Vladimir Putin is pushing harder on Russia’s richest citizens to repatriate offshore assets amid a slump in the ruble and the imposition of sanctions by the U.S. and the European Union.
Two battalions of Russian soldiers crossed the border into Ukraine, the National Security Council in Kiev said, as government forces and pro-Moscow rebels battled for control of the Donetsk airport.
United Airlines is preparing to place an order for 10 of Boeing Co.’s largest twin-engine jetliners to replace older aircraft plying its longest routes, said people familiar with its plans.
Mario Draghi is likely to announce a 550 billion-euro ($640 billion) bond-purchase program this week and won’t skimp too much on the details, economists say.
In the $1.6 trillion-a-year oil business, there are global titans like Exxon Mobil Corp. that wield more economic might than most of the nations on Earth, and scores of wildcatters scouring land and sea for the next treasure troves of crude.
A judge dealt Caesars Entertainment Corp.’s bankruptcy reorganization a possible fatal blow in ruling that the company violated federal law when it shuffled assets and refinanced debt as part of an alleged scheme to protect itself from lower-ranking creditors.
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