Volvo Cars showed off its first compact SUV on Thursday with the launch of its new XC40 model, the latest in a sweeping overhaul of the carmaker’s line-up under Chinese ownership. Volvo will seek to emulate the success of its XC90 and best-selling XC60 SUVs, which have put it on...
(Reuters) - The S&P 500 ended slightly higher on Monday as financial stocks rose ahead of a Federal Reserve meeting, but the Nasdaq pared gains sharply as technology stocks lost ground late in the session. Five of the 11 major S&P sectors ended lower. Rising U.S. Treasury yields...
(Reuters) - Toys ‘R’ Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains. The Chapter 11 filing is among the largest ever by...
HSBC, one of Britain’s “Big Four” banks, expects the Bank of England to raise interest rates twice over the coming 12 months, it said on Monday, having previously seen rates staying at their record lows until the end of 2018. The bank said it expected rates to be lifted by...
