Economy & Finance

China’s pork, beef imports surge in September

China’s pork, beef imports surge in September

Published 15/10/2019

(This October 13 story has been refiled to change timeframe in paragraph 2 to nine months, not eight months) BEIJING (Reuters) - China’s pork imports [more…]

Neil Woodford sacked as flagship Equity Income Fund to be shut

Neil Woodford sacked as flagship Equity Income Fund to be shut

Published 15/10/2019

LONDON (Reuters) - Neil Woodford has been ousted as manager of his flagship LF Woodford Equity Income Fund, which will now be wound up to [more…]

Phase-out of Airbus, Boeing jets hits FACC’s operating profit

Phase-out of Airbus, Boeing jets hits FACC’s operating profit

Published 15/10/2019

VIENNA (Reuters) - Plane parts maker FACC’s (FACC.VI) operating profit fell 6% in the second quarter as it produced fewer components for the Airbus (AIR.PA) [more…]

Spain trims GDP growth target for 2019 and 2020

Spain trims GDP growth target for 2019 and 2020

Published 15/10/2019

MADRID (Reuters) - Spain’s acting government trimmed its growth forecasts on Tuesday as part of draft budgetary plans submitted to the European Commission and raised [more…]

Volkswagen postpones final decision on Turkey plant: spokesman

Volkswagen postpones final decision on Turkey plant: spokesman

Published 15/10/2019

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) has postponed the final decision whether to build a car plant in Turkey, a company spokesman said, amid international criticism [more…]

Neil Woodford says ‘cannot accept’ closure of his flagship fund

Neil Woodford says ‘cannot accept’ closure of his flagship fund

Published 15/10/2019

LONDON (Reuters) - Fund manager Neil Woodford has criticized a fund administrator decision to close his suspended flagship fund on Tuesday, after a four-month lockdown [more…]

India’s tax unions irked by Modi’s switch to faceless assessment: letter

India’s tax unions irked by Modi’s switch to faceless assessment: letter

Published 15/10/2019

MUMBAI (Reuters) - Indian tax officials are pushing back against Prime Minister Narendra Modi’s new faceless tax assessment program, complaining about a lack of consultation [more…]

Hyundai Motor Group to invest $35 billion in future automotive tech

Hyundai Motor Group to invest $35 billion in future automotive tech

Published 15/10/2019

SEOUL (Reuters) - Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments [more…]

Exclusive: No choice but to invest in oil, Shell CEO says

Exclusive: No choice but to invest in oil, Shell CEO says

Published 15/10/2019

LONDON (Reuters) - Royal Dutch Shell (RDSa.L) still sees abundant opportunity to make money from oil and gas in coming decades even as investors and [more…]