World stock indexes fell while the yen rose against the dollar on Monday after a shock contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets.
Volkswagen’s Chief Executive Herbert Diess said an $800 million investment to build a new electric car in Chattanooga, Tennessee should help ease tensions with United States President Donald Trump.
Ford Motor Co wants the Trump administration to resolve various trade issues faced by the United States, including a trade war with China and a finalized revision of the North American trade agreement, so the carmaker can plan effectively, top executives said on Monday.
Volkswagen AG said on Monday it is investing $800 million to build a new electric vehicle at its plant in Chattanooga, Tennessee, as it shifts toward zero emission vehicles.
U.S. stocks slipped on Monday, dragged down by technology shares, after an unexpected drop in China’s exports in December fanned worries of a slowdown in global economic growth.
Volkswagen AG is announcing on Monday it will build a new electric vehicle at its plant in Chattanooga, Tennessee as it shifts toward zero emission vehicles, the state’s governor told Reuters.
Bonds of PG&E Corp , owner of the biggest U.S. power utility by number of customers, plunged on Monday after the company said it is preparing to file for Chapter 11 bankruptcy as it faces liabilities linked to wildfires in California.
American Airlines Group Inc on Monday said the Federal Aviation Administration’s (FAA) approval of two Boeing MAX 8 aircraft is on hold due to the U.S. government shutdown.
China’s Huawei Technologies [HWT.UL], the leading global supplier of telecoms network equipment, faces questions over its access to European markets after the arrest of a sales executive in Poland on suspicion of spying.
U.S. stocks opened lower on Monday in broad-based declines after Citigroup posted an unexpected fall in revenue, adding to fears of a sharper slowdown in global economic growth that resurfaced after data showed an unexpected drop in China’s trade.
Citigroup Inc reported a surprise drop in quarterly revenue on Monday, as extreme volatility in financial markets toward the end of the year hurt its fixed-income trading business.
PG&E Corp , owner of the biggest U.S. power utility by number of customers, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018.
Wall Street was set to open lower on Monday, after Citigroup kicked off the earnings season on a dour note, adding to worries over a slowdown in global economic growth that resurfaced after data showed an unexpected drop in China’s trade.
Citigroup Inc reported a surprise drop on Monday in quarterly revenue due to a steep decline in its fixed income trading business, hurt by volatility in financial markets at the end of the year.
ACWA Power is considering supporting the manufacturing of solar panels in Saudi Arabia, its chief executive said, as the power and water plants developer seeks to facilitate Saudi Arabia’s plans to develop its renewable power industry.
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