LOS ANGELES (Reuters) – Package delivery company UPS on Tuesday said it will invest $130 million to buy 730 compressed natural gas vehicles and build five more domestic CNG fueling stations as the industry moves to shift from petroleum-burning vehicles to those that use less-polluting alternative fuels.
VIENNA/MOSCOW (Reuters) – Russia and Saudi Arabia are pushing OPEC and its allies to raise oil output steeply from July to meet growing demand and cover supply outages in Venezuela and Libya despite opposition from several members of the producer group including Iran.
(Reuters) – Futures on the three main U.S. indexes slumped more than a percent on Tuesday as President Donald Trump’s latest threat to impose duties on additional Chinese goods heightened concerns that tit-for-tat tariffs could spiral into a trade war.
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MUNICH (Reuters) – Volkswagen suspended Audi boss Rupert Stadler and announced an interim replacement on Tuesday, seeking to steady its most profitable business after German authorities arrested Stadler as part of an emissions probe.
MUNICH (Reuters) – The supervisory board of Audi has suspended Chief Executive Rupert Stadler and appointed Dutchman Bram Schot as an interim replacement, a source familiar with the matter said on Tuesday.
President Donald Trump on Monday threatened an all-out trade war with China by announcing the possibility of tariffs on an additional $200 billion worth of Chinese goods. US stocks were set to tumble at Tuesday’s open the morning after President Donald Trump threatened an all-out trade war with China. The S&P 500 was set to open lower by about 1% after heavy overnight selling dropped China’s Shanghai Composite (-3.78%) to its lowest level in two years. …read more […]
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MUNICH (Reuters) – Volkswagen bosses were locked in a second day of hastily convened meetings to address a leadership crisis sparked by the arrest of the head of the carmaker’s Audi brand, sources familiar with the matter said on Tuesday.
LONDON (Reuters) – Chinese stocks fell almost 4 percent and alarm bells rang across global markets on Tuesday, as the trade dispute between the United States and China escalated further.
Chinese stocks fell almost 4 percent and alarm bells rang across global markets on Tuesday, as the trade dispute between the United States and China escalated further. The yuan also hit a five-month low overnight after U.S. President Donald Trump’s threat to impose a 10 percent tariff on another $200 billion of Chinese goods drew warnings from Beijing about $50 billion of retaliatory penalties on U.S. goods. Europe’s main equity benchmarks sank 1 to 1.5 percent in early trading and Wall Street futures were pointing to similar falls there later, while safe-haven government bonds and the Japanese yen …read more […]
VIENNA (Reuters) – Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group.
BEIJING/WASHINGTON (Reuters) – U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods and Beijing warned it would retaliate, in a rapid escalation of the trade conflict between the world’s two biggest economies.
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