Hyundai launches Genesis premium car brand in bid to end profit skid

South Korea’s Hyundai Motor Co said on Wednesday it will launch a new global luxury car brand called Genesis, targeting fat profit margins from high-end motorists to help it reverse out of a protracted earnings slide. The launch comes weeks after Hyundai, the world’s fifth-biggest carmaker along with its Kia Motors Corp affiliate, reported a … More Hyundai launches Genesis premium car brand in bid to end profit skid

Five Things Everyone Will Be Talking About Today

China data disappoints while European manufacturing impresses, and expectations for a December rate hike are a coin flip. Here are some of the things people in markets are talking about this morning. It’s a big week for China data China’s official purchasing managers index was unchanged at 49.8 in October according to the National Bureau of … More Five Things Everyone Will Be Talking About Today

U.S. banks need to raise further $120 billion under new Fed rules

Federal Reserve policymakers left interest rates unchanged Wednesday, even as they refined and tweaked their domestic economic assessment and visibly eased concerns about the external economic and financial environment. The committee would probably raise rates next month and continue doing so in the first half of next year in response to rising local inflation and interest … More U.S. banks need to raise further $120 billion under new Fed rules