Business & Finance News
Honda Motor said on Tuesday it will shut its only plant in Britain in 2021, a decision the Japanese car maker said was based on changes in the global market and not related to Brexit.
Honda’s decision to close its only British car plant is not related to Brexit and is a product of global changes in the industry, the firm’s Europe’s boss said on Tuesday.
Britain said on Tuesday it was deeply disappointed by Honda’s decision to close its only British car plant.
Honda Motor Co’s decision to end production in Britain was not related to Brexit, its chief executive said on Tuesday, after announcing the closure of its only British car plant.
Oil prices hovered just below 2019 highs on Tuesday as traders waited for the outcome of U.S.-China trade talks this week, while supply cuts led by producer group OPEC meant markets were relatively tight.
British engineer Cobham will take an additional exceptional charge of 160 million pounds ($206 million) to settle a dispute with Boeing over its delayed KC-46 aerial refuelling programme, it said on Tuesday.
HSBC Holdings turned in a disappointing annual profit as higher costs and a stocks rout chipped away at its trading businesses, while warning that an economic slowdown in China and Britain would throw up further hurdles this year.
The most difficult part in trade negotiations between Europe and the United States is starting now and talks should focus on reducing tariffs on industrial goods to increase the chances of a deal, German Economy Minister Peter Altmaier said on Tuesday.
Honda Motor said on Tuesday it will hold a news conference at 0800 GMT, a day after a British lawmaker said the Japanese car maker will announce the closure of its only British factory, in another blow to UK’s auto industry before Brexit.
A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said on Monday.
Germany’s Economy Minister Peter Altmaier said on Tuesday the most difficult part in trade negotiations between Europe and the United States started now.
British engineer Cobham said on Tuesday it would take an additional exceptional charge of 160 million pounds ($206 million) in relation to a dispute with Boeing over an aerial refueling program.
Honda Motor Co Ltd said on Tuesday it would hold a news conference at 0800 GMT, a day after a British lawmaker said the Japanese car maker will announce the closure of its only British car plant.
Goldman Sachs Group Inc’s Chairman and Chief Executive for the Asia-Pacific region excluding Japan, Ken Hitchner, is retiring from the company, Bloomberg reported on Tuesday, citing people with knowledge of the matter.
HSBC Holdings Plc posted a disappointing profit growth as higher costs and a stocks rout took a toll on business, while cautioning that a weaker economic outlook for China and Britain would throw up further hurdles this year.
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