1.BP says to axe 4,000 jobs globally on oil price slide:
British energy major BP said Tuesday that it will axe more than 4,000 jobs worldwide over the next two years in response to collapsing oil prices.
2.Christine Lagarde warned the US on more rate hikes:
The director of the International Monetary Fund (IMF) Ms.Christine Lagarde has warned the United States of America that further interest rate hikes by the U.S. Federal Reserve should be gradual or they risk hurting already fragile emerging economies, where many companies borrow in dollars.
3.California Turns Its Back on VW’s fix for diesel emissions:
The California Air Resources Board said it had rejected Volkswagen AG’s plan to fix 2.0 liter diesel cars with software that allow them to emit up to 40 times legally allowable pollution.
4.China’s exports droped less than it was projected:
China’s December exports fell 1.4% from a year earlier, while imports slid 7.6%, both much less than economists had expected but still likely consigning the economy to its weakest annual growth in 25 years.
5.Indian Bonds Decline to Three-Week Low After Inflation Quickens:
Indian sovereign bonds fell, pushing the 10-year yield to a three-week high, on speculation faster inflation will deter the central bank from adding to its interest-rate cuts.
6.Development Bank of Japan to Create $423 Million Wind Power Fund:
The Development Bank of Japan and Japan Wind Development Co. will create the nation’s first fund for wind power, the companies announced on Wednesday.
7.Computer Mogul Michael Dell Stands to Reap Billions From FCC Auction:
Billionaire Michael Dell has been scooping up local TV stations across the country in recent years. Now, he stands to make as much as $4 billion from a government effort to buy back those airwave