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Home2018April

Month: April 2018

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Business News

EU moves to regulate tech giants’ business practices

April 26, 2018 admin Comments Off on EU moves to regulate tech giants’ business practices

BRUSSELS (Reuters) – Tech giants like Google, Apple and Amazon will for the first time face rules regulating their commercial relations with smaller businesses under a law proposed by the European Union on Thursday.

…read more […]

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Business News

EU starts monitoring aluminum imports after U.S. tariffs

April 26, 2018 admin Comments Off on EU starts monitoring aluminum imports after U.S. tariffs

BRUSSELS (Reuters) – The European Union has started monitoring imports of aluminum to determine whether U.S. tariffs have led to a surge in shipments of the metal into Europe, the EU official journal said on Thursday.

…read more […]

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Business News

Volkswagen on right path for new CEO despite profit hit

April 26, 2018 admin Comments Off on Volkswagen on right path for new CEO despite profit hit

BERLIN (Reuters) – Volkswagen’s first-quarter operating profit fell on Thursday, but optimism over its new chief executive and lower diesel emissions scandal provisions lifted its shares.

…read more […]

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U.S. probing Huawei for possible Iran sanctions violations: sources

April 26, 2018 admin Comments Off on U.S. probing Huawei for possible Iran sanctions violations: sources

NEW YORK/LONDON (Reuters) – U.S. prosecutors in New York have been investigating whether Chinese tech company Huawei [HWT.UL] violated U.S. sanctions in relation to Iran, according to sources familiar with the situation.

…read more […]

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Business News

Tesla’s head of Autopilot leaves, ex-Apple exec to succeed

April 26, 2018 admin Comments Off on Tesla’s head of Autopilot leaves, ex-Apple exec to succeed

(Reuters) – Tesla Inc said on Thursday Jim Keller, the head of its low-voltage hardware, Autopilot software and infotainment, is leaving the automaker to focus on microprocessor engineering with another company.

…read more […]

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Teva to reduce size of board after June shareholder’s’ meeting

April 26, 2018 admin Comments Off on Teva to reduce size of board after June shareholder’s’ meeting

JERUSALEM (Reuters) – Three directors are stepping down from the board at Teva Pharmaceutical Industries and only one new director is being nominated to replace them, the generic drugmaker said on Thursday.

…read more […]

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China says opposes countries imposing their own laws on others

April 26, 2018 admin Comments Off on China says opposes countries imposing their own laws on others

BEIJING (Reuters) – China opposes the use of a country’s domestic laws to control others, a foreign ministry spokeswoman said on Thursday, when asked if Chinese tech company Huawei had violated U.S. sanctions related to Iran.

…read more […]

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Volkswagen first-quarter profit drops 3.6 percent on accounting changes

April 26, 2018 admin Comments Off on Volkswagen first-quarter profit drops 3.6 percent on accounting changes

BERLIN (Reuters) – Volkswagen on Thursday posted a surprise drop in first-quarter operating profit as accounting changes, currency headwinds and technology costs weighed on group results.

…read more […]

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Shell profit soars on stronger oil prices

April 26, 2018 admin Comments Off on Shell profit soars on stronger oil prices

LONDON (Reuters) – Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production.

…read more […]

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Deutsche Bank to scale back investment bank as profits drop

April 26, 2018 admin Comments Off on Deutsche Bank to scale back investment bank as profits drop

FRANKFURT (Reuters) – Deutsche Bank announced cutbacks to its bond and equities trading on Thursday in a major overhaul of its troubled investment bank, after posting a 79 percent drop in net profit in the first quarter.

…read more […]

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Shell profits soar on stronger oil prices

April 26, 2018 admin Comments Off on Shell profits soar on stronger oil prices

LONDON (Reuters) – Royal Dutch Shell on Thursday reported a 42 percent rise in profits in the first quarter of 2018, the highest in over three years, boosted by higher oil prices and beating analysts’ expectations.

…read more […]

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Asia stocks supported by Wall St., but China drags

April 26, 2018 admin Comments Off on Asia stocks supported by Wall St., but China drags

TOKYO (Reuters) – Asian stocks were supported on Thursday by robust corporate earnings that helped Wall Street quell concerns about the surge in U.S. bond yields. However, sagging Chinese shares limited the upside potential of the market.

…read more […]

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Deutsche Bank announces major overhaul of investment bank

April 26, 2018 admin Comments Off on Deutsche Bank announces major overhaul of investment bank

FRANKFURT (Reuters) – Deutsche Bank on Thursday announced cuts to its bond and equities trading in a major overhaul of its troubled investment bank after posting a 79 percent drop in net profit in the first quarter.

…read more […]

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China considering cutting duty on imported cars by about half: Bloomberg

April 26, 2018 admin Comments Off on China considering cutting duty on imported cars by about half: Bloomberg

BEIJING/SHANGHAI (Reuters) – China is considering cutting the import duty on passenger cars by about half as part of the country’s plan to further open up the automobile market, Bloomberg News reported on Thursday, citing people familiar with the matter.

…read more […]

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Samsung Electronics flags mobile weakness as chips power record first-quarter profit

April 26, 2018 admin Comments Off on Samsung Electronics flags mobile weakness as chips power record first-quarter profit

SEOUL (Reuters) – Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers.

…read more […]

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