MANILA/BEIJING (Reuters) – Chinese steel producers ran up losses for the first time in three years this month as prices slid into a bear market on weak demand and near-record supply, ending years of solid profit margins. FILE PHOTO: A man works in front of a furnace at a steel plant of Dalian Special Steel
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FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, speaks at the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – Carlos Ghosn, the former chairman of Nissan Motor Co, shifted personal investment losses incurred
Journalists wait for Mitsubishi Motors Corp’s President and CEO Osamu Masuko at a showroom of the company’s headquarters in Tokyo, Japan November 26, 2018. REUTERS/Toru Hanai OKAZAKI, Japan (Reuters) – A top executive at Mitsubishi Motors Corp said on Tuesday that the days of a single automaker being able to develop new technologies on its
[ad_1] SYDNEY (Reuters) – Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations, and investors marveled at the meteoric ascent of the market’s new crypto-star, bitcoin. FILE PHOTO – A man is reflected in an electronic stock quotation board outside a brokerage in Tokyo, Japan,
[ad_1] (Reuters) – Budweiser beer maker Anheuser-Busch has reserved 40 Tesla Inc all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the brewer said on Thursday. FILE PHOTO – Tesla’s new electric semi truck is unveiled during a presentation in Hawthorne, California, U.S., November 16, 2017. REUTERS/Alexandria Sage It was one
[ad_1] MELBOURNE (Reuters) – Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) paid no tax in Australia in the 2016 financial year, the third year in a row, despite reporting billions of dollars in income from operations in the country, a report from the tax office showed on Thursday. FILE PHOTO: The logo of Chevron
[ad_1] HONG KONG (Reuters) – Tighter monetary policy is coming to Asia next year. Yet it will lag the Federal Reserve’s rate hikes as Asian central banks balance an exports-led revival in growth with a slowdown in regional locomotive China. FILE PHOTO: The Federal Reserve headquarters in Washington September 16 2015. REUTERS/Kevin Lamarque/File Photo That
[ad_1] PARIS (Reuters) – Airbus lagged Boeing in jet production and sales in the first 11 months of the year but left itself a shot at meeting full-year delivery targets after unblocking delayed engine supplies for its upgraded A320neo jet, company data showed on Wednesday. FILE PHOTO – The logo of Airbus Group is seen
[ad_1] LONDON (Reuters) – Tremors in technology stocks spread to Europe and were set to dent U.S. trading on Wednesday, with weaker metals prices and flagging financials also tripping up a rally that had taken world equities to record highs. The German share price index, DAX board, is seen at the stock exchange in Frankfurt,
[ad_1] WASHINGTON (Reuters) – The U.S. government on Tuesday urged a federal judge to reject the February court date sought by AT&T (T.N) and Time Warner (TWX.N) in a dispute over the firms’ proposed merger, arguing the companies are rushing to meet an April 22 closing deadline for their $85.4 billion deal. FILE PHOTO: An
[ad_1] (Reuters) – Walt Disney Co (DIS.N) is in the lead to acquire much of Twenty-First Century Fox Inc’s (FOXA.O) media empire, though rival suitor Comcast Corp (CMCSA.O) remains in contention, people familiar with the matter said on Tuesday. FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles,
[ad_1] DETROIT (Reuters) – General Motors Co (GM.N) on Tuesday said it will equip newer cars with in-dash e-commerce technology, betting it can profit as drivers order food, find fuel or reserve hotel rooms by tapping icons on the dashboard screen, instead of using smartphones while driving. The GM logo is seen at the General
[ad_1] HONG KONG (Reuters) – Dalian Wanda Group sold one of China’s largest ski resorts to another conglomerate in June, online news website The Paper reported, although it did not give a deal value for the site billed by Wanda as a $3 billion investment project. FILE PHOTO: A sign of Dalian Wanda Group in
[ad_1] DETROIT (Reuters) – Facing a glut of late-model 2017 vehicles and rising consumer discounts by competitors, Nissan Motor Co Ltd (7201.T) will continue to target a “fair share of the pie” with big discounts of its own, the automaker’s U.S. sales chief said on Monday. FILE PHOTO: The logo of Nissan Motor Co is
[ad_1] (Reuters) – U.S. stock futures pointed to a solid open for Wall Street on Monday after the U.S. Senate passed its version of a tax overhaul bill, bringing closer to reality President Donald Trump’s promise of cutting corporate taxes to spur growth. Traders work on the floor of the New York Stock Exchange, (NYSE)
[ad_1] SYDNEY (Reuters) – Global miner Rio Tinto (RIO.AX)(RIO.L) signaled on Monday it will stick with its “value over volume” strategy, outlining further moves to boost shareholder returns and appointing a new chairman from within its board. FILE PHOTO – A sign adorns the building where mining company Rio Tinto has their office in Perth,
[ad_1] (Reuters) – Aetna Inc’s (AET.N) board of directors approved on Sunday the U.S. health insurer’s sale to drugstore chain operator CVS Health Corp (CVS.N) for approximately $207 per share in cash and stock, according to people familiar with the matter. People walk by a CVS Pharmacy store in the Manhattan borough of New York
[ad_1] BERLIN (Reuters) – Volkswagen AG (VOWG_p.DE) executive Oliver Schmidt, who is due to be sentenced this week in connection with the carmaker’s emissions scandal, has written to the judge to say he feels “misused” by the German company. FILE PHOTO: Volkswagen’s logos are pictured at the 45th Tokyo Motor Show in Tokyo, Japan October
[ad_1] ATHENS (Reuters) – Greece and official creditors on Saturday concluded talks on the review of its bailout progress, reaching agreement on fiscal issues, energy and labor market reforms, bad loans and privatizations, the country’s finance minister said. Greek Finance Minister Euclid Tsakalotos arrives for a cabinet meeting at the parliament in Athens, Greece June
[ad_1] JERUSALEM (Reuters) – Israel may have to make adjustments to its corporate tax rate, Finance Minister Moshe Kahlon said on Saturday in response to a tax slash approved by the U.S. Senate. Israeli Finance Minister Moshe Kahlon gestures as he speaks at an event in Ofakim, southern Israel May 29, 2017. REUTERS/Amir Cohen U.S.
[ad_1] NEW YORK, (Reuters) – Wall Street’s fear of missing out on a relentless rally appears to be trumping rising political risk in a high-stakes December in Washington. Traders react at the closing bell on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., November 30, 2017. REUTERS/Brendan McDermid The ticking
[ad_1] SAN FRANCISCO/WASHINGTON (Reuters) – Three senior managers in Uber Technologies Inc’s security unit resigned on Friday, an Uber spokesperson said, days after the company’s new chief executive officer disclosed a massive data breach and criticized past security practices. FILE PHOTO: The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas
[ad_1] SAN FRANCISCO (Reuters) – An abrupt stock selloff on Friday, sparked by a report that magnified concerns about President Donald Trump’s potential links with Russia, prompted Wall Street’s favorite reaction in recent months: “Buy the dip.” Traders watch, as a television displays the news about former U.S. national security adviser Michael Flynn, at the
[ad_1] (Reuters) – Wipro Ltd (WIPR.NS), India’s No.3 software exporter, said on Friday that it would challenge a lawsuit filed by National Grid US seeking damages of over $140 million related to a project that dates back to 2009. The Wipro campus is seen in Bangalore June 23, 2009. REUTERS/Punit Paranjpe/File Photo The lawsuit was
[ad_1] NEW DELHI (Reuters) – Japanese automaker Nissan Motor (7201.T) has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives, according to a person familiar with the matter and documents reviewed by Reuters. FILE PHOTO: A company logo is seen on the newly-unveiled Nissan “Terrano” compact
[ad_1] SAN FRANCISCO/DETROIT (Reuters) – General Motors Co (GM.N) laid out its vision for self-driving vehicles on Thursday, telling investors it planned a commercial launch of fleets of fully autonomous robo-taxis in multiple dense urban environments in 2019, in a challenge to rivals such as Alphabet Inc’s (GOOGL.O) Waymo. FILE PHOTO: Children pass by a
[ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) continued its streak of declining sales in the third quarter, reporting a double-digit drop in comparable sales at its Sears and Kmart chains. A Sears logo is seen at a store in Schaumburg, Illinois, September 23, 2013. REUTERS/Jim Young/File Photo Sales at Sears stores open for more than
[ad_1] SINGAPORE (Reuters) – Oil markets opened cautiously on Thursday ahead of an OPEC meeting in Vienna later in the day, with oil producers set to debate extension of the supply-cut agreement that has started to rebalance supply and demand. A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017
[ad_1] (Reuters) – CSX Corp (CSX.O) Chief Executive Officer Hunter Harrison said on Wednesday he was “trying to stay back a little bit” to give his management team space to steer the No. 3 U.S. railroad through a major operations overhaul, a move he described as part of his succession plan. FILE PHOTO: Hunter Harrison,
[ad_1] LONDON (Reuters) – Barclays (BARC.L) could move hundreds of staff out of Britain post-Brexit, the British bank’s chairman told a parliamentary committee hearing on Wednesday. FILE PHOTO: The logo of Barclays is seen on the top of one of its branch in Madrid, Spain, March 22, 2016. REUTERS/Sergio Perez/File Photo “Staff moves from Brexit
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