Category Archives: Business News

(Reuters) – Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays, and must eventually overhaul a manufacturing system that belongs to a “bygone age,” the jetmaker’s new president told staff on Friday. FILE PHOTO: Airbus Helicopters CEO Guillaume Faury stands near a multi-role military helicopter EC 725 […]

BEIJING (Reuters) – The United States’ measures against China’s investments are against World Trade Organization rules, and China reserves the right to take countermeasures, the commerce ministry said on Thursday. FILE PHOTO: U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration/File Photo China is not willing to […]

TOKYO (Reuters) – Asian stocks extended a global sell-off on Wednesday as Italy’s political crisis rippled across financial markets, toppling the euro to a 10-month low, pushing up Italian borrowing costs and sending investors rushing to safe-haven assets such as U.S. Treasuries. FILE PHOTO: The podium where Carlo Cottarelli was waited to talk with reporters, […]

(Reuters) – Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Monday, citing a person familiar with the talks. FILE PHOTO: Replacement pipe is stored near crude oil storage tanks at Kinder Morgan’s Trans […]

TOKYO (Reuters) – U.S. oil futures hit six-week lows on expectations major producers may ease output curbs on Monday, while Asian stocks and U.S. share futures gained on signs the United States and North Korea were still working towards holding a summit. Traders work on the floor of the New York Stock Exchange (NYSE) in […]

FRANKFURT (Reuters) – Daimler (DAIGn.DE) faces an investigation of 40,000 diesel Vito vans and 80,000 C-Class model cars for possible illicit software that allowed the vehicles to emit excess pollution without detection, Bild am Sonntag reported, citing no sources. FILE PHOTO: A sign showing the name of German truck maker Daimler is pictured at the […]

FRANKFURT (Reuters) – Audi Chief Executive Rupert Stadler said the diesel emissions affair was not over and promised to stay at the helm of the German luxury car maker, a German newspaper reported on Saturday. FILE PHOTO: Audi CEO Rupert Stadler speaks during the company’s annual news conference in Ingolstadt, Germany March 15, 2018. REUTERS/Michael […]

BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross will visit China from June 2 to 4 to discuss Sino-U.S. trade relations, the official Xinhua News Agency said on Friday. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross arrives at a Senate Commerce, Justice, Science and Related Agencies Subcommittee holds a hearing on the FY2019 funding request […]

SHANGHAI (Reuters) – Japanese retailer Muji has been fined 200,000 yuan (23,445 pounds) in Shanghai for using packaging that lists Taiwan as a country, underscoring China’s growing sensitivity to how companies refer to the self-ruled island. A woman walks outside a newly opened Muji store at a shopping mall in Hangzhou, Zhejiang province, China December […]

BEIJING (Reuters) – China’s ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington’s ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo The report […]