Toyota Motor Corp plans a $1.8 billion share buyback, Japan’s biggest automaker said on Thursday, after beating quarterly forecasts on higher global vehicle sales and an improved performance in North America.
Oil rose above $62 a barrel on Thursday after China hinted at progress toward a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and fuel demand.
(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.Elon Musk said he’s never seen a factory built so quickly, and now he’s about find out if it’s up to the task.Tesla Inc.’s new Shanghai Gigafactory, which only broke ground in January, is weeks from starting mass production of electric sedans. China’s first plant wholly owned by a foreign carmaker — and Tesla’s first outside the U.S. — is a crucial test of Musk’s bid to keep his carmaker profitable as he bets big on the world’s biggest market …read more […]
LafargeHolcim has taken note of a French appeal court decision to drop the charge of complicity in crimes against humanity brought against Lafarge SA over its operations in Syria, the Swiss cement maker said on Thursday.
Ford Motor Co will consider building Ford-branded pickup trucks in China if restrictions on driving pickups in cities are relaxed and it could also roll out customized models at that time, a senior company official said.
Europe’s share markets hit a more than 4-year peak and bond yields shuffled higher on Thursday, as Beijing signaled a ‘phase 1’ trade deal with the United States was close to being sealed.
A power struggle has escalated at Germany’s Deutsche Bahn [DBN.UL], with the position of finance chief Alexander Doll at risk, company sources said ahead of a special meeting of the supervisory board of the railway company on Thursday.
Lufthansa flight attendants went on a 48-hour strike over pay and pensions on Thursday, forcing the biggest German airline to cancel hundreds of flights.
Deutsche Telekom CEO Tim Hoettges said on Thursday that the company’s proposed dividend of 0.60 euros ($0.66) was a new minimum that it would pay whether or not a proposed U.S. merger goes through. “The 60 eurocents announced today is our new minimum dividend amount,” Hoettges said in remarks prepared for a call with reporters after Deutsche Telekom said it would lower its 2019 payout from last year’s 70 cents. Hoettges said he still firmly believed that U.S. unit T-Mobile’s $26.5 billion merger with Sprint, now stalled, would go through although he now expected the deal to close …read more […]
China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said on Thursday, without specifying a timetable.
There is more than a one-in-five chance that Britain remains in the European Union and there’s a greater likelihood of that outcome than a no-deal Brexit, said Peter Fitzgerald, head of multi-asset management at Aviva Investors.
FRANKFURT/BERLIN (Reuters) – Lufthansa flight attendants went on a 48-hour strike over pay and pensions on Thursday, forcing the biggest German airline to cancel hundreds of flights. Lufthansa on Wednesday announced it expected to cancel a total of 1,300 connections on Thursday and Friday, with 180,000 passengers affected. The departure table on Frankfurt airport’s website showed scores of canceled flights to European destinations and on transatlantic routes. …read more […]
Blockchain payments firm Ripple has said that “more than two dozen” customers use its On-Demand Liquidity (ODL) solution, which leverages XRP cryptocurrency to settle cross border payments.The post Ripple says ‘more than two dozen’ customers use its payments solution that leverages XRP appeared first on The Block. …read more […]
Oil prices rose on Thursday amid new hints from China on progress towards a trade deal with the United States, offsetting downward pressure from a huge increase in U.S. crude stockpiles.
China and the United States have agreed in the past two weeks to cancel tariffs imposed during their months-long trade war in different phases, the Chinese commerce ministry said on Thursday.
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