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Goldman Sachs defies Mexican Peso bears

  Bloomberg Against the most ‘Trumpian’ of odds, Goldman Sachs Group Inc. is defying bearish bets and predicting Mexico’s peso will make a comeback this year. The worst performer among the world’s 16 major currencies so far in 2017 will rally 13 percent to 19 per dollar over the next 12 months on the view that the protectionist impact of ...

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JPMorgan profit beats as loan quality, bond trading improve

  Bloomberg JPMorgan Chase & Co. said fourth-quarter profit rose 24 percent as the biggest U.S. bank set aside less money for bad loans and bond-trading revenue increased more than analysts estimated. Earnings benefited from better credit quality among U.S. consumers and corporations, allowing the bank to pull about $400 million from bad-loan reserves in the mortgage, energy and metals ...

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Carmakers in Washington’s crosshairs

  Bloomberg This is so much more than a parting shot. With a week to go before Donald Trump becomes president, the Obama administration has unleashed a final, multiprong effort on enforcement and regulation in the automotive industry, with Fiat Chrysler Automobiles NV now at the fore. On Friday alone, the US Environmental Protection Agency rejected automakers’ bid to weaken ...

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