Category

Business News

Home » Economy & Finance » Business News

3110 posts
Bookmark?Remove?

Deutsche Bank reports third consecutive annual loss

Deutsche Bank building before the bank’s annual news conference in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Deutsche Bank on Friday posted its third consecutive annual loss in 2017, taking a hit from challenging market... More »

Bookmark?Remove?

Deutsche Bank lowers 2018 cost-cutting aim on delayed divestitures

Deutsche Bank CEO John Cryan poses before the bank’s annual news conference in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Deutsche Bank expects its costs to decline by only 4 percent to 23 billion euros ($28.8 billion) t... More »

Bookmark?Remove?

India’s ‘Modicare’ to cost about $1.7 billion a year: sources

Commuters disembark from a suburban train at a railway station in Mumbai, India, February 1, 2018. REUTERS/Shailesh Andrade NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s plan to provide health insurance for about half the country’s population wou... More »

Bookmark?Remove?

Sony CEO Hirai to step down, turnaround ally Yoshida to take helm

FILE PHOTO: Sony Corp’s Chief Financial Officer Kenichiro Yoshida attends a news conference at its headquarters in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s Sony Corp said CEO Kazuo Hirai would be handing over the reins t... More »

Bookmark?Remove?

Deutsche Bank drags European shares into worst week since August

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, February 1, 2018. REUTERS/Staff/Remote MILAN (Reuters) – European shares fell on Friday and were set for their biggest weekly loss in six months as a slump in Deutsch... More »

Bookmark?Remove?

Police launch criminal investigation into tire maker Nokian

FILE PHOTO: Nokian tyres are on display at the “Krepost” Toyota dealership in the Siberian city of Krasnoyarsk, Russia August 8, 2014. REUTERS/Ilya Naymushin/File Photo HELSINKI (Reuters) – Finnish police plan to launch a criminal investigation into options tr... More »

Bookmark?Remove?

Texas shale challenges North Sea crude as world oil benchmark

FILE PHOTO: Workers hired by U.S. oil and gas company Apache Corp drill a horizontal well in the Wolfcamp Shale in west Texas Permian Basin near the town of Mertzon, Texas, U.S., October 29, 2013. REUTERS/Terry Wade/File Photo NEW YORK (Reuters) – Surging shal... More »

Bookmark?Remove?

Apple’s user base grows, but analysts probe for more detail

FILE PHOTO: An Apple Store staff shows Apple’s new iPhones X after they go on sale at the Apple Store in Regents Street, London, Britain, November 3, 2017. REUTERS/Peter Nicholls/File Photo (Reuters) – In its quarterly earnings report on Thursday, Apple Inc ga... More »

Bookmark?Remove?

Guess shares slump after model Kate Upton tweets about exec

FILE PHOTO: Kate Upton attends Harper’s Bazaar’s celebration of ‘ICONS By Carine Roitfeld’ at The Plaza Hotel during New York Fashion Week in Manhattan, New York, U.S., September 9, 2016. REUTERS/Andrew Kelly (Reuters) – Guess Inc shares fell more than 17 perc... More »

Bookmark?Remove?

Time Warner beats estimates on HBO growth

FILE PHOTO – Ticker and trading information for media conglomerate Time Warner Inc. is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2016. REUTERS/Brendan McDermid/File Photo (Re... More »

Bookmark?Remove?

Wells Fargo says hardly any pay disparity for women, minority staff

FILE PHOTO – A Wells Fargo sign is seen outside a banking branch in New York July 13, 2012. REUTERS/Shannon Stapleton BOSTON (Reuters) – Wells Fargo & Co (WFC.N) pays female and racial minority employees very close to what male and white employees earn, an exe... More »

Bookmark?Remove?

Why Canada is the next frontier for shale oil

FILE PHOTO: A construction site at the new Suncor Fort Hills oil sands mining operations near Fort McMurray, Alberta, Canada, September 17, 2014. REUTERS/Todd Korol/File Photo CALGARY, Alberta (Reuters) – The revolution in U.S. shale oil has battered Canada’s ... More »

Bookmark?Remove?

How Sanofi’s setback could lead to better dengue vaccines

FILE PHOTO: A health worker shows unused packs of anti-dengue vaccine Dengvaxia before returning it inside a freezer for storage at the Manila Health Department in Sta Cruz, metro Manila, Philippines December 5, 2017. REUTERS/Romeo Ranoco/File Photo CHICAGO (R... More »

Bookmark?Remove?

Ford China chief in abrupt departure, a blow to recovery hopes

FILE PHOTO – Key Safety Systems Chief Executive Officer Jason Luo listens to a question during an interview with Reuters in Tokyo, Japan October 5, 2016. REUTERS/Issei Kato/File Photo BEIJING (Reuters) – Ford Motor Co said its China chief, Jason Luo, has stepp... More »

Bookmark?Remove?

Facebook makes privacy push ahead of strict EU law

A 3D-printed Facebook logo is seen in front of the logo of the European Union in this picture illustration made in Zenica, Bosnia and Herzegovina on May 15, 2015. REUTERS/Dado Ruvic BRUSSELS (Reuters) – Facebook said on Monday it was publishing its privacy pri... More »

Bookmark?Remove?

Dollar crawls up but not out of woods as U.S. policy doubts persist

FILE PHOTO: Sheets of former U.S. President Abraham Lincoln on the five-dollar bill currency are inspected through a magnifying glass at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo TOKYO (Reuters) – The do... More »

Bookmark?Remove?

Asia shares extend bull run, dollar crawls off lows

Asian shares extended their bull run on Monday amid upbeat corporate earnings and strong global economic growth, while the dollar tried to bounce even as the White House continued to complain of "unfair" trade practices by competitors. More »

Bookmark?Remove?

Trump security team sees building U.S. 5G network as option

FILE PHOTO – A video promotes the 5G mobile wireless standard at the Qualcomm booth during the 2017 CES in Las Vegas, Nevada January 6, 2017. REUTERS/Steve Marcus WASHINGTON (Reuters) – President Donald Trump’s national security team is looking at options to c... More »

Bookmark?Remove?

U.S. farmers have much to lose if NAFTA deal collapses

Farmer Blake Erwin drives a combine as he harvests corn on his farm near Dixon, Nebraska, U.S., October 26, 2017. Picture taken October 26, 2017. REUTERS/Lucas Jackson CHICAGO/MONTREAL (Reuters) – A collapse of the North American Free Trade Agreement (NAFTA), ... More »

Bookmark?Remove?

Saudi corruption purge winds down but scars will linger

FILE PHOTO: Saudi Arabian billionaire Prince Alwaleed bin Talal sits for an interview with Reuters in the office of the suite where he has been detained at the Ritz-Carlton in Riyadh, Saudi Arabia January 27, 2018, REUTERS/Katie Paul /File Photo DUBAI (Reuters... More »

Bookmark?Remove?

AbbVie wins U.S. trial in lawsuit over AndroGel’s risks

FILE PHOTO: A trader works by the post that trades AbbVie on the floor of the New York Stock Exchange March 5, 2015. REUTERS/Brendan McDermid (Reuters) – A federal jury in Chicago on Friday found AbbVie Inc (ABBV.N) not liable in a lawsuit by an Arizona man wh... More »

Bookmark?Remove?

U.S. SEC files suit over possible insider trading on Bioverativ

FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S., June 24, 2011. REUTERS/Jonathan Ernst/File Photo (Reuters) – The U.S. Securities and Exchange Commission filed an insider trading... More »

Bookmark?Remove?

U.S. stocks, VIX dance in tandem in break with history

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 26, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – A rising U.S. stock market normally reduces fear among investors, but the blistering pace of the current rally ha... More »

Bookmark?Remove?

Shell buying spree cranks up race for clean energy

People take pictures of a high-efficiency petrol-burning concept car as it is unveiled by Royal Dutch Shell during a ceremony in Beijing, China April 22, 2016. REUTERS/Damir Sagolj LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has spent over $400 million on a ... More »

Bookmark?Remove?

World stocks set for 10th straight week of gains, euro jumps

Pedestrians walk past an electronic board displaying the Nikkei average outside a brokerage in Tokyo, Japan January 4, 2018. REUTERS/Kim Kyung-Hoon LONDON (Reuters) – World stocks were set for their 10th straight week of gains on Friday, while the euro jumped ... More »

Bookmark?Remove?

SMA Solar sees U.S. duties making only small dent in market

A worker walks among solar panels at a floating solar plant developed in Huainan, Anhui province, China December 11, 2017. Picture taken December 11, 2017. REUTERS/Stringer FRANKFURT (Reuters) – SMA Solar (S92G.DE), Germany’s largest solar group, expects the i... More »

Bookmark?Remove?

UK economy unexpectedly picks up speed but Brexit effect felt

FILE PHOTO: A man is silhouetted as he walks past the Bank of England in the City of London, Britain, December 12, 2017. REUTERS/Clodagh Kilcoyne LONDON (Reuters) – British economic growth unexpectedly picked up speed in the last three months of 2017, accordin... More »

Bookmark?Remove?

China’s 2017 industrial profits post fastest growth in six years

FILE PHOTO: A worker stands outside a factory of Contemporary Amperex Technology Ltd (CATL) in Ningde, Zhejiang province, China, December 16, 2016. REUTERS/Jake Spring/File Photo BEIJING (Reuters) – Profits for China’s industrial firms rose at the slowest pace... More »

Bookmark?Remove?

Investors look to France’s ‘Macronomics’ to beat benchmarks

French President Emmanuel Macron in Saint-Genes-Champanelle, France, January 25, 2018. REUTERS/Thierry Zoccolan/Pool PARIS (Reuters) – Investors are banking on an economic renewal under President Emmanuel Macron to beat broader European benchmarks, sparking a ... More »

Bookmark?Remove?

U.S. wage growth, tax-bonuses spark shopping in retail stocks

A woman shops at a Macy’s department store in Roosevelt Field shopping mall in Garden City, New York, U.S., November 24, 2017. REUTERS/Shannon Stapleton NEW YORK (Reuters) – U.S. fund managers are betting that rising wages and the effects of the Republican-led... More »

Bookmark?Remove?

Dell considering acquisitions or possible IPO: sources

A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake (Reuters) – U.S. computer maker Dell Technologies Inc is exploring a range of options that could see the world’s la... More »

Bookmark?Remove?

Growth at UBS’s U.S. investment lags boss’s ambitions

The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland January 22, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – UBS’s investment banking business in the United States is doing well but lags its boss’s ambitions, he said on Friday. “In o... More »

Bookmark?Remove?

Starbucks disappoints after holiday drink sales lose steam

FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California, U.S. on October 27, 2015. REUTERS/Lucy Nicholson/File Photo (Reuters) – Starbucks Corp (SBUX.O) on Thursday warned that 2018 global cafe sales grow... More »

Bookmark?Remove?

U.S. panel deals blow to Philip Morris tobacco device

FILE PHOTO: A man poses for a photograph while using a Philip Morris iQOS smoking device, in Bogota, Colombia November 14, 2017. REUTERS/Jaime Saldarriaga/File Photo WASHINGTON (Reuters) – Philip Morris International Inc should not be allowed to claim its iQOS... More »

Bookmark?Remove?

Ackman made new bet on Nike, Namvar to transition to advisory board

FILE PHOTO – William Ackman U.S. on November 10, 2015. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Billionaire investor William Ackman said on Thursday that his hedge fund Pershing Square Capital Management made a new bet on sportswear company Nik... More »

Bookmark?Remove?

Tesla denies further Model 3 production issues

A Tesla Model 3 is seen in a showroom in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson (Reuters) – Tesla Inc (TSLA.O) is on track to achieve its production targets for the Model 3, the electric car-maker said on Thursday, squashing a re... More »

Bookmark?Remove?

ECB’s Draghi says euro strength is a source of uncertainty

European Central Bank (ECB) President Mario Draghi holds a news conference following the governing council’s interest rate decision at the ECB headquarters in Frankfurt, Germany, January 25, 2018. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – The euro’s recent... More »

Bookmark?Remove?

ECB monetary stimulus still needed to push up inflation -Draghi

European Central Bank (ECB) President Mario Draghi holds a news conference following the governing council’s interest rate decision at the ECB headquarters in Frankfurt, Germany, January 25, 2018. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – European Central ... More »

Bookmark?Remove?

Euro schism reopens in central Europe as EU pushes reform

A woman walks in front of a currency exchange shop in the town of Esztergom, Hungary November 11, 2017. Picture taken November 11, 2017. REUTERS/Laszlo Balogh ESZTERGOM, Hungary/STUROVO, Slovakia (Reuters) – On the euro zone’s eastern flank, some Slovaks in th... More »

Bookmark?Remove?

Russian lender VTB says made extra provisions for risky loans

VTB Chief Executive Andrei Kostin attends a meeting in Russia, June 1, 2017. REUTERS/Sergei Savostyanov/TASS/Host Photo Agency/Pool MOSCOW (Reuters) – Russian lender VTB has set aside 50 billion rubles ($882 million) in additional provisions against losses and... More »

Bookmark?Remove?

Dollar wallows near three-year lows on U.S. government shutdown

FILE PHOTO: Sheets of former U.S. President Abraham Lincoln on the five-dollar bill currency are inspected through a magnifying glass at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo LONDON (Reuters) – The d... More »

Bookmark?Remove?

Oil rises as Saudi Arabia says producers will cooperate beyond 2018

FILE PHOTO: A gas station attendant pumps fuel into a customer’s car at a gas station in Shanghai, China November 17, 2017. REUTERS/Aly Song/File Photo SINGAPORE (Reuters) – Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that coopera... More »

Bookmark?Remove?

Sanofi to buy U.S. haemophilia group Bioverativ for $11.6 billion

French multinational pharmaceutical company SANOFI logo seen at their headquater in Paris, France, March 8, 2016. REUTERS/Philippe Wojazer – D1AESRMWVNAA PARIS (Reuters) – French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ ... More »

Bookmark?Remove?

Sanofi shares fall on $11.6 billion Bioverativ takeover

PARIS (Reuters) – Shares in French drugmaker Sanofi fell on Monday after the company announced a $11.6 billion takeover of U.S. haemophilia treatment specialist Bioverativ, with some traders saying the price looked expensive. Sanofi shares were down 2.3 percen... More »

Bookmark?Remove?

Wal-Mart shops Brazil unit stake to Advent, other funds: sources

FILE PHOTO – A man talks on his mobile phone in front of a Wal-Mart store in Sao Paulo, Brazil, February 16, 2016. REUTERS/Nacho Doce SAO PAULO (Reuters) – Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a maj... More »

Bookmark?Remove?

Toshiba considering IPO for memory chip unit: FT

FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo TOKYO (Reuters) – Toshiba Corp is considering an IPO of its prized memory chip business if an agreed ... More »

Bookmark?Remove?

Facebook to open digital training hubs in Europe

FILE PHOTO: Balloons are seen in front of a logo at Facebook’s headquarters in London, Britain, December 4, 2017. REUTERS/Toby Melville/File Photo BRUSSELS (Reuters) – Facebook (FB.O) said on Monday it will open three new centers in Europe to train people in d... More »

Bookmark?Remove?

Stock-focused hedge funds post biggest gains among top performers

Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., January 8, 2018. REUTERS/Brendan McDermid BOSTON (Reuters) – Hedge funds managers who bet on stocks scored some of the industry’s biggest gains in 2017, when equity markets gal... More »

Bookmark?Remove?

Contrite Facebook executives seek to ward off more European rules

A 3D-printed Facebook logo is seen in front of the logo of the European Union in this picture illustration made in Zenica, Bosnia and Herzegovina on May 15, 2015. REUTERS/Dado Ruvic MUNICH (Reuters) – Facebook executives are fanning out across Europe this week... More »

Bookmark?Remove?

Amazon’s automated grocery store of the future opens Monday

SEATTLE (Reuters) – Amazon.com Inc (AMZN.O) will open its checkout-free grocery store to the public on Monday after more than a year of testing, the company said, moving forward on an experiment that could dramatically alter brick-and-mortar retail. The Seattl... More »

Bookmark?Remove?

Delaware sues opioid manufacturers, distributors over epidemic

FILE PHOTO: A pharmacist holds prescription painkiller OxyContin, 40mg pills, made by Purdue Pharma L.D. at a local pharmacy, in Provo, Utah, U.S. on April 25, 2017. REUTERS/George Frey/File Photo (Reuters) – Delaware on Friday became the latest state to file ... More »

Bookmark?Remove?

Delta Air to tighten rules for onboard service animals

A Delta Air Lines Airbus A330 aircraft takes off at the Charles de Gaulle airport in Roissy, France, August 9, 2016. REUTERS/Jacky Naegelen NEW YORK (Reuters) – Delta Air Lines is tightening the requirements for passengers traveling with onboard service and em... More »

Bookmark?Remove?

Exclusive: Blackstone’s Hill hands hedge fund reins to McCormick

Tom Hill (L), Chairman of Blackstone Alternative Asset Management, and John McCormick, President and CEO of Blackstone Alternative Asset Management, pose for a portrait in New York, U.S., January 18, 2018. REUTERS/Lucas Jackson BOSTON (Reuters) – After nearly ... More »

Bookmark?Remove?

Morgan Stanley raises targets, but Wall Street wants more

FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton/File Photo (Reuters) – Morgan Stanley raised key profitability and efficiency targets on... More »

Bookmark?Remove?

UK government seeks to limit damage after Carillion collapses

FILE PHOTO: Cranes rise above Carillion’s Midland Metropolitan Hospital construction site in Smethwick, Britain January 11, 2018. REUTERS/Darren Staples/File Photo LONDON (Reuters) – Britain’s Carillion (CLLN.L) collapsed on Monday after its banks lost faith i... More »

Bookmark?Remove?

Brazil economic activity expands for third month in November

People walk past a store with signboards offering 70% off on store products in downtown Sao Paulo, Brazil January 9, 2018. REUTERS/Paulo Whitaker BRASILIA (Reuters) – Economic activity in Brazil expanded for a third straight month in November, the longest stre... More »

Bookmark?Remove?

Lloyd’s of London to open Brussels unit in early 2019: CEO

Lloyd’s Chief Executive Officer Inga Beale attends an interview in Hong Kong, China January 15, 2018. REUTERS/Bobby Yip HONG KONG (Reuters) – Insurance market Lloyd’s of London [SOLYD.UL], an integral part of the British business scene since the 17th century, ... More »

Bookmark?Remove?

Scotland sees big hit to its economy with no UK Brexit deal

FILE PHOTO – Scotland’s First Minister, Nicola Sturgeon, is seen speaking on the BBC’s Andrew Marr Show in this photograph received via the BBC, in London, Britain January 14, 2018. Jeff Overs/BBC/Handout via REUTERS EDINBURGH (Reuters) – Scotland will suffer ... More »

Bookmark?Remove?

French growth to top forecasts this year: minister

FILE PHOTO: French Finance Minister Bruno Le Maire attends a news conference after a meeting about Lactalis baby milk contamination scandal at the Bercy Finance Ministry in Paris, France, January 12, 2018. REUTERS/Gonzalo Fuentes PARIS (Reuters) – French gross... More »

Bookmark?Remove?

China fourth-quarter GDP growth to slow on debt, pollution clampdown

FILE PHOTO: Workers lay bricks to build a wall around a construction site in Beijing, China, December 15, 2017. REUTERS/Thomas Peter/File Photo BEIJING (Reuters) – China’s economic growth is expected to have slowed slightly in the fourth quarter from the previ... More »

Bookmark?Remove?

Noble Group nets less than expected from oil unit sale to Vitol

FILE PHOTO: The reception of Noble Group is seen at its headquarters in Hong Kong March 23, 2015. REUTERS/Bobby Yip/File Photo LONDON (Reuters) – Struggling commodities trader Noble Group has completed the sale of its U.S.-focused oil business to the world’s l... More »

Bookmark?Remove?

Airbus wins 2017 order race after last-minute sales spree

The logo of Airbus is pictured at the company’s headquarters in Colomiers near Toulouse, France, October 19, 2017. REUTERS/Regis Duvignau PARIS (Reuters) – Frenetic selling in the closing weeks of 2017 saw Airbus (AIR.PA) overhaul Boeing’s (BA.N) recent lead i... More »

Bookmark?Remove?

Toymaker Lego teams up with Chinese internet giant Tencent

Sets of Lego bricks are seen at a toy store in Bonn, Germany, September 5, 2017. REUTERS/Wolfgang Rattay BEIJING/COPENHAGEN (Reuters) – Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd (0700.HK) to jointly develop online game... More »

Bookmark?Remove?

Euro hits three-year high as Europe leads global optimism

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, January 10, 2018. REUTERS/Staff/Remote LONDON (Reuters) – The euro hit a fresh three-year high on Monday as optimism around growth buoys expectations of tighter polic... More »

Bookmark?Remove?

Airbus aims to seize jet production crown from Boeing in 2020

FILE PHOTO: An Airbus logo is pictured during the delivery of the new Airbus A380 aircraft to Singapore Airlines at the French headquarters of aircraft company Airbus in Colomiers near Toulouse, France, December 13, 2017. REUTERS/Regis Duvignau PARIS (Reuters)... More »

Bookmark?Remove?

Ford plans $11 billion investment, 40 electrified vehicles by 2022

Bill Ford, executive chairman of the Ford Motor Company and Jim Hackett (R), President and CEO, present the 2019 Ford Ranger during the Ford press preview at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2018. REUTERS/Rebec... More »

Bookmark?Remove?

Viacom, CBS not in active merger discussions: sources

FILE PHOTO: A woman exits the Viacom Inc. headquarters in New York, U.S. on April 30, 2013. REUTERS/Lucas Jackson/File Photo (Reuters) – Viacom Inc (VIAB.O) and CBS Corp (CBS.N) are not in active merger discussions, although controlling shareholder Shari Redst... More »

Bookmark?Remove?

BlackRock CEO Fink shows no signs of entering bitcoin ETF race

FILE PHOTO – Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson/File Photo NEW YORK (Reuters) – BlackRock Inc (BLK.N) has profited by being beating its... More »

Bookmark?Remove?

Germans seek labor deal by early next month as car workers strike

FILE PHOTO: Audi cars are parked in front of the company’s headquarters in Ingolstadt, Germany, March 15, 2017. REUTERS/Lukas Barth HAMBURG (Reuters) – Workers at carmakers Audi (NSUG.DE) and BMW (BMWG.DE) staged further strikes on Friday but German labor lead... More »

Bookmark?Remove?

Oil retreats from $70 highs but set for fourth week of gains

FILE PHOTO: An offshore oil platform is seen in Huntington Beach, California, U.S. September 28, 2014. REUTERS/Lucy Nicholson/File Photo LONDON (Reuters) – Oil prices fell on Friday after hitting a three-year high of more than $70 a barrel the previous day, bu... More »

Bookmark?Remove?

Euro soars to three-year high, stocks shatter records

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, January 11, 2018. REUTERS/Staff/Remote LONDON (Reuters) – Record high world stocks headed for an eighth straight week of gains on Friday, while the euro sailed to a t... More »

Bookmark?Remove?

No pedal to the metal in GM’s planned self-driving Cruise AV car

DETROIT (Reuters) – General Motors Co (GM.N) is seeking U.S. government approval for a fully autonomous car – one without a steering wheel, brake pedal or accelerator pedal – to enter the automaker’s first commercial ride-sharing fleet in 2019, executives said... More »