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Home2018

Year: 2018

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Business News

Germany probing Audi for new emissions device: Der Spiegel

May 8, 2018 admin Comments Off on Germany probing Audi for new emissions device: Der Spiegel

FRANKFURT (Reuters) – German motor vehicle authority KBA is probing premium auto maker Audi to see whether its diesel-engined A6/A7 models have been fitted with a previously unknown defeat device, German weekly Der Spiegel said on Tuesday.

…read more […]

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Business News

Tech sector gains keep world shares near one-week high

May 8, 2018 admin Comments Off on Tech sector gains keep world shares near one-week high

LONDON (Reuters) – Oil prices eased on Tuesday from 3-1/2-year highs hit on worries the United States may be set to pull out of a key nuclear accord with Iran, while robust tech sector gains in Asia helped support world stocks.

…read more […]

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Business News

Elliott backing request to appoint special auditor: Uniper CEO

May 8, 2018 admin Comments Off on Elliott backing request to appoint special auditor: Uniper CEO

FRANKFURT (Reuters) – Uniper said a motion to appoint a special auditor at this year’s annual general meeting to identify possible breaches of duty and violations of the law by the group’s management is backed by shareholder Elliott.

…read more […]

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Business News

New Volkswagen CEO testified in U.S. on emissions scandal: report

May 8, 2018 admin Comments Off on New Volkswagen CEO testified in U.S. on emissions scandal: report

BERLIN (Reuters) – Volkswagen Chief Executive Herbert Diess traveled to the United States this month to testify to authorities there about the carmaker’s emissions scandal, German newspaper Bild reported on Tuesday.

…read more […]

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Business News

Siemens makes deal with German unions on job cuts

May 8, 2018 admin Comments Off on Siemens makes deal with German unions on job cuts

ZURICH (Reuters) – Siemens said it had agreed in principle with trade unions about its plans to cut jobs and restructure its struggling Power and Gas (PG) and Process Industries and Drives businesses in Germany.

…read more […]

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Business News

Exclusive: Qatar Petroleum CEO says pushing ahead with expansion despite Gulf embargo

May 8, 2018 admin Comments Off on Exclusive: Qatar Petroleum CEO says pushing ahead with expansion despite Gulf embargo

DOHA (Reuters) – State energy giant Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy to be on par with oil majors, despite a regional political and economic embargo on Doha, its chief executive said.

…read more […]

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Business News

Japan’s Takeda clinches $62 billion deal to buy drugmaker Shire

May 8, 2018 admin Comments Off on Japan’s Takeda clinches $62 billion deal to buy drugmaker Shire

LONDON/TOKYO (Reuters) – Takeda Pharmaceutical agreed to buy London-listed Shire for 45.3 billion pounds ($61.50 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to secure a recommendation.

…read more […]

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Business News

Japan’s Takeda agrees $62 billion takeover of Shire

May 8, 2018 admin Comments Off on Japan’s Takeda agrees $62 billion takeover of Shire

LONDON (Reuters) – Takeda Pharmaceutical agreed to buy London-listed Shire for 45.3 billion pounds ($61.50 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to $30.33 to secure a recommendation.

…read more […]

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Business News

Oil hovers near 3 1/2-year peak, Asia shares up ahead of Trump announcement

May 8, 2018 admin Comments Off on Oil hovers near 3 1/2-year peak, Asia shares up ahead of Trump announcement

TOKYO/SHANGHAI (Reuters) – Oil prices eased slightly on Tuesday, a day after hitting 3-1/2 year highs, as investors braced for President Donald Trump’s decision on whether to withdraw the United States from the Iran nuclear deal, a move that could disrupt global oil supply.

…read more […]

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Business News

Japan’s Takeda agrees to $62 billion takeover of Shire

May 8, 2018 admin Comments Off on Japan’s Takeda agrees to $62 billion takeover of Shire

LONDON (Reuters) – Takeda Pharma agreed to buy London-listed Shire for 46 billion pounds ($62.42 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to $30.33 to secure a recommendation.

…read more […]

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Business News

Icahn, Deason want bid of at least $40 per share for Xerox

May 8, 2018 admin Comments Off on Icahn, Deason want bid of at least $40 per share for Xerox

(Reuters) – Carl Icahn and Darwin Deason, shareholders in Xerox Corp who oppose an agreed deal with Fujifilm Holdings , said they would consider an all-cash bid of at least $40 per share – a 43 percent premium to the Japanese firm’s offer.

…read more […]

Economy

Rising Interest Rates, Energy Prices and Labor Costs = Recession 2018, Says Peter Leeds

May 8, 2018 admin Comments Off on Rising Interest Rates, Energy Prices and Labor Costs = Recession 2018, Says Peter Leeds
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Business News

Oil trims gains ahead of Trump Iran announcement, Asia shares up

May 8, 2018 admin Comments Off on Oil trims gains ahead of Trump Iran announcement, Asia shares up

TOKYO/SHANGHAI (Reuters) – Oil prices eased slightly on Tuesday, a day after hitting 3-1/2 year highs, as investors braced for President Donald Trump’s decision on whether to withdraw the United States from the Iran nuclear deal, a move that could disrupt global oil supply.

…read more […]

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Trading Ideas

China’s trade surplus with U.S. widens to $22.19 billion in April

May 8, 2018 admin Comments Off on China’s trade surplus with U.S. widens to $22.19 billion in April

BEIJING (Reuters) – China’s trade surplus with the United States widened to $22.19 billion (16.4 billion pounds) in April, from $15.43 billion in March, customs data showed on Tuesday. For January-April, … …read more […]

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Business News

Memory boost: How chipmakers are weathering slowing smartphone sales

May 8, 2018 admin Comments Off on Memory boost: How chipmakers are weathering slowing smartphone sales

SEOUL/SINGAPORE (Reuters) – Investors in global chipmakers have had a rocky ride in the last few months on worries about a slowing smartphone market, but a clamor for more video content from consumers is underpinning buoyant sales for memory-chip makers.

…read more […]

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