Category Archives: Business News

(Reuters) – Amazon.com Inc (AMZN.O) said on Thursday it plans to open another headquarters in North America and spend more than $5 billion for its construction and operation. The e-commerce company, currently based in Seattle, said it was yet to zero in on a location, but expects to expand the new headquarters to include up […]

FRANKFURT (Reuters) – The man forecast to become premier of the German state of Lower Saxony, Volkswagen’s (VOWG_p.DE) second-biggest shareholder, says someone from outside the car industry should succeed chief executive Matthias Mueller when his contract expires in 2020. A company pedigree has been the hallmark of most VW CEOs but that tradition has been […]

FRANKFURT (Reuters) – Daimler (DAIGn.DE) is investing 50 million euros (£46 million) in a new joint venture with U.S.-based ride-hailing start-up Via to offer on-demand shared shuttle services in European cities starting with London this year. Via already offers 1 million rides a month in Chicago, New York and Washington, complementing local transport by allowing […]

ZURICH (Reuters) – The vast majority of Clariant’s (CLN.S) shareholders support the Swiss chemical maker’s planned $20 billion merger with American peer Huntsman (HUN.N), Huntsman’s Chief Executive told Swiss newspaper NZZ am Sonntag. “I have met between 150 and 200 shareholders in groups and in individual talks and explained the details of the merger to […]

NEW YORK (Reuters) – Retail U.S. gasoline prices rose 2.8 percent from Friday to Saturday as refineries warned customers about fuel-supply shortages caused by Hurricane Harvey. They were at $2.59 a gallon, according to motorists advocacy group AAA. It represents a 16.7 percent rise in the average price from a year ago. Prices have risen […]

TOKYO (Reuters) – Toshiba Corp (6502.T) failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive. The embattled Japanese conglomerate said in a statement it has […]

BEIJING (Reuters) – China is likely to delay implementing tough new sales quotas for electric plug-in vehicles, giving global automakers more time to prepare, four automaker and industry officials told Reuters. Based on their conversations with Chinese policymakers, the people said a final scheme for sales quotas on electric plug-in cars could be introduced within […]

MILAN (Reuters) – World stocks tumbled and safe-haven assets jumped on Tuesday after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. The pan-European STOXX 600 index fell more than 1 percent to a six-month low, also weighed down by the surge of the euro above a […]