Business & Finance News
DETROIT (Reuters) – General Motors Co Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake.
(Reuters) – U.S. stocks opened slightly higher on Tuesday, with bank stocks gaining as the Federal Reserve kicked off its two-day policy meeting, while a historic U.S.-North Korea summit failed to impress investors.
(Reuters) – McDonald’s Corp plans to take $80 million to $90 million in charges during the second quarter from a restructuring at its U.S. operations that includes layoffs.
DHAHRAN, Saudi Arabia (Reuters) – Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand.
DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra said on Tuesday that the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake.
LONDON (Reuters) – WPP’s decision to allow founder Martin Sorrell to quit with share awards worth millions of pounds faced fresh opposition on Tuesday as Hermes EOS advised shareholders to vote against the advertising giant’s remuneration report.
SINGAPORE (Reuters) – U.S. President Donald Trump on Tuesday kept up his feud with America’s closest allies over trade, saying he could not allow them to continue taking advantage of the United States.
LONDON (Reuters) – World stocks slipped on Tuesday and the dollar retreated from a three-week high after a U.S.-North Korea summit aimed at the denuclearization of the Korean peninsula.
WASHINGTON (Reuters) – AT&T Inc, which owns DirecTV, awaits a court ruling on Tuesday that will determine if it can buy Time Warner Inc, a decision that could prompt a cascade of pay TV companies buying television and movie makers and the first big test of the Trump administration’s antitrust teams.
LONDON (Reuters) – The oil industry will face the biggest squeeze on its spare production capacity in more than three decades if OPEC and its allies agree next week to hike crude output, leaving the world more at risk of a price spike from any supply disruption.
PRAGUE (Reuters) – Global deliveries by Volkswagen’s Czech carmaker Skoda Auto rose 13.4 percent year-on-year in May, posting the best-ever result for the month thanks to double-digit growth in China and Russia.
LONDON (Reuters) – WPP’s decision to allow founder Martin Sorrell to leave without losing his future share awards met with opposition on Tuesday as Hermes EOS advised its shareholder clients to oppose the advertising giant’s remuneration report.
KUALA LUMPUR (Reuters) – Malaysia’s attorney general on Tuesday said he has received investigation papers relating to state fund 1Malaysia Development Berhad (1MDB) from the country’s anti-graft agency.
LONDON (Reuters) – Oil prices rose for a second day on Tuesday and volatility subsided to its lowest in three weeks, as investors prepared for a key meeting of the OPEC producer group next week.
TOKYO (Reuters) – International financial crime-fighting group Financial Action Task Force (FATF) will start discussions later this month on introducing binding rules governing cryptocurrency exchanges, a Japanese government official familiar with the matter said on Tuesday.
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