Tuesday 12 March 2019

Reuters Before the Bell: Worried about next downturn? U.S. credit funds may offer early clues

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Tuesday, March 12, 2019
Worried about next downturn? U.S. credit funds may offer early clues
It seemed like an opportunity a lender would not want to miss.
Honda to recall about 1 million vehicles in U.S. to replace defective Takata airbags
Honda Motor Co said on Tuesday it would recall about 1.1 million Honda and Acura vehicles in the United States to replace defective Takata airbags on the driver's side.
Oil rises to $67 on cuts to Saudi, Venezuelan exports
Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia's plan for further voluntary supply curbs in April and a cut in oil exports from Venezuela due to a power outage.
Global Boeing fears grow, families await Ethiopia crash remains
Singapore and Australia became the latest nations to suspend Boeing 737 MAX aircraft on Tuesday, while identification of the Ethiopian Airlines crash's 157 victims dragged and black box recorders were yet to yield the cause.
Ethiopia crash bodies will take days to release
Families of those killed aboard Ethiopia Airlines flight 302 must wait at least five days to begin receiving some victims' remains, the company said on Tuesday, though the identification of others is expected to take much longer.
Yum China to open KFC outlets at Chinese gas stations
Yum China Holdings is partnering with China's two biggest state oil giants to open franchise fast-food outlets at gas stations in the country, in a bid to tap new growth areas as the domestic economy slows.
Elon Musk shoots down U.S. regulator's complaint about his Tesla tweet
SAN FRANCISCO - Tesla Inc Chief Executive Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker's production volume did not violate his fraud settlement and he cannot be held in contempt.
Germany's Verdi union opposes Deutsche-Commerzbank merger
Germany's Verdi labor union on Tuesday voiced strong objections to a possible merger between Deutsche Bank and Commerzbank, arguing that a combined entity would be a more attractive target for a hostile foreign takeover.
Nissan, Renault break up almighty chairmanship in wake of Ghosn's ouster
Japan's Nissan Motor and France's Renault said they would retool the world's top car-making alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship previously wielded by ousted boss Carlos Ghosn.
U.S. says 737 MAX safe to fly after Ethiopia crash; Boeing shares dip
The United States told airlines it was safe to fly 737 MAX 8 planes on Monday as investigators found two black box recorders that will help piece together the final moments of an Ethiopian Airlines jet before it plunged to the ground on Sunday.
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