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.
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.
(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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
TOKYO (Reuters) – Japanese automakers that rely heavily on exports to sell their models in the United States would be hardest hit by trade restrictions the country is threatening to impose, as rivals with more limited exposure focus on growing, niche markets.
NEW YORK (Reuters) – China’s ZTE Corp held a conference call on Wednesday with major suppliers, during which a company representative suggested the trade dispute with Beijing may have been a factor in last week’s U.S. order banning American firms from selling goods to the smartphone maker, according to a person familiar with the call.
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