Automobile dealers who three years ago won an exemption from direct oversight by the U.S. Consumer Financial Protection Bureau have found that it still has a lot of clout over how they finance car sales.
Fuel economy of vehicles sold in the U.S. last year had the sharpest gains in almost four decades, as foreign automakers Honda Motor Co. Ltd., Volkswagen AG and Mazda Motor Corp. had the most efficient fleets.
Brazil’s economy expanded in the third quarter at half the pace forecast by economists, as government stimulus efforts fail to revive investment that fell for the fifth straight period. Rate futures and stocks plunged.
David Cameron’s pledge to hold a referendum on Britain leaving the European Union may damage investment and jeopardize an economy facing an unprecedented triple-dip recession, executives and economists said.
Tokyo Steel Manufacturing Co. and producers including Fuji Heavy Industries face a cut in summer power supply of about 15 percent after Japan’s strongest earthquake knocked out generators, curbing growth in the world’s third-largest economy.