Ford and GM get US permission to set up banking units
Move will allow carmakers to offer more generous loan terms at a time of mounting concern over vehicle affordability
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Venezuela’s lawmakers back oil sector reforms
Legislation that could reach final approval next week allows foreign and local private companies to commercialise oilfields
Sanctioned oil trader sues ‘brazen conman’ over alleged CIA swindle
Niels Troost accuses former business partner of falsely claiming to be a covert operative to help perpetrate fraud
Elon Musk’s SpaceX lines up 4 banks for blockbuster IPO
Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley set to take lead on listing
Fed’s main gauge shows inflation at 2.8% in November, edging further away from target
Inflation drifted slightly further from the Federal Reserve’s target in November though in line with expectations.
Vanguard cuts UK exposure across £52bn fund range
Asset manager says investors more comfortable with global diversification but has ‘strong conviction in the UK’