Business & Finance News
LA MALBAIE, Quebec (Reuters) – Top U.S. allies scrambled on Friday to keep a Group of Seven nations summit from veering off track as President Donald Trump vowed to deal with “unfair trade practices” by Canada and the European Union.
BERLIN (Reuters) – Volkswagen said production of up to 250,000 cars from its group brands in the second half will be delayed because of effects from new mandatory lab tests for emissions and fuel economy.
(Reuters) – U.S. stock indexes dipped on Friday as fears over a trade war escalated ahead of the G7 summit in Canada and shares of Apple and its suppliers fell, following a report that the iPhone maker was planning to produce fewer phones this year.
WASHINGTON (Reuters) – Kia Motors Corp said on Friday it is recalling more than 507,000 vehicles in the United States because an electronic glitch may prevent air bags from deploying in the event of a crash.
(Reuters) – Verizon Communications Inc named chief technology officer Hans Vestberg as its new CEO beginning Aug. 1, surprising analysts and signaling the company’s priority is building the next-generation 5G wireless network, not expanding into media content.
(Reuters) – U.S. stock indexes were lower on Friday as shares of Apple and its suppliers fell, following a report that the iPhone maker was planning to produce fewer phones this year.
(Reuters) – Apple Inc expects to ship 80 million new model iPhones this year, down 20 percent from what it had planned at the same time last year, Japanese financial daily the Nikkei reported on Friday, citing industry sources.
LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump lashed out at Canada and the European Union on Friday, setting the tone for a hostile Group of Seven summit and raising the specter of a trade war that has unnerved Washington’s top allies as well as investors.
(Reuters) – European planemaker Airbus has finalized a rescue deal for Bombardier’s CSeries jet and is expected to flex its marketing and cost-cutting muscle to revive the loss-making Canadian venture.
(Reuters) – U.S. stock indexes opened lower on Friday led by falls in shares of Apple and its suppliers, including Advanced Micro Devices and Qualcomm, following a report that the iPhone maker was planning to produce fewer new phones this year than last.
LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump lashed out at Canada and the European Union on Friday and said he plans to leave a meeting with leaders of the Group of Seven nations early as fears of a trade war ratcheted higher.
(Reuters) – Apple Inc expects to ship 80 million new model iPhones this year, down 20 percent from what it had planned at the same time last year, the Nikkei reported on Friday, citing industry sources.
KUALA LUMPUR (Reuters) – Malaysia is considering asking the U.S. Department of Justice (DoJ) to get Goldman Sachs to return nearly $600 million in fees it earned from bonds raised for scandal-tainted 1Malaysia Development Berhad (1MDB), two sources familiar with the matter said on Friday.
LONDON (Reuters) – World stocks slipped on Friday as expectations that trade tensions will dominate this weekend’s summit of G7 countries and renewed talk of monetary tightening by major central banks weighed on risk sentiment.
LONDON (Reuters) – The soccer World Cup is a massive money-spinner and stock market players are busy picking brewers, betting firms, pub chains and sportswear brands that will benefit from the associated global spending surge.
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