Business & Finance News
(Reuters) – Canadian plane and train maker Bombardier Inc reported a 16-percent rise in its favored measure of profit on Thursday and said it had agreed to sell its Toronto aircraft assembly site to a pension fund as part of its five-year recovery plan.
BERLIN (Reuters) – Volkswagen is still looking at whether to spin off assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the autos group strives to streamline its operations and become more efficient.
LONDON (Reuters) – World stocks made little progress on Thursday as worries over global trade tensions weighed, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes.
ZURICH (Reuters) – UBS Group Chief Executive Sergio Ermotti warned on Thursday that investors may be expecting too much too soon from Switzerland’s biggest bank, noting heavy spending on technology would weigh on results in the short term.
BERLIN (Reuters) – Volkswagen is pondering spin-offs of non-core assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the group seeks to boost its efficiency and become more nimble.
BEIJING/HONG KONG (Reuters) – Chinese smartphone and connected device maker Xiaomi [IPO-XMGP.HK] is bringing its blockbuster initial public offering to Hong Kong, where it could raise about $10 billion in the largest listing globally in almost four years.
PARIS (Reuters) – If there’s one industry Emmanuel Macron has sought to tie his political fortunes to since storming to victory in France’s presidential election last May, it’s technology.
(Reuters) – Amazon.com Inc said it has halted planning for a new office building in Seattle and might sub-lease rather than occupy another future tower downtown, pending a city council vote on a proposed tax on top businesses.
TOKYO (Reuters) – SoftBank Group Corp’s Chief Executive Masayoshi Son is not involved in trying to get the proposed merger of U.S. wireless carriers Sprint Corp and T-Mobile US Inc approved, Sprint’s outgoing chief executive said on Thursday.
(Reuters) – A Chicago fund manager that suffered catastrophic losses in a market plunge earlier this year has blamed the actions of its broker, a Wells Fargo & Co unit, according to court documents filed on Wednesday.
BEIJING/HONG KONG (Reuters) – Smartphone and connected device maker Xiaomi [IPO-XMGP.HK] filed for a Hong Kong initial public offering on Thursday that could raise $10 billion and become the largest listing by a Chinese technology firm in almost four years.
DETROIT (Reuters) – General Motors Co said on Thursday it was working with design software company Autodesk Inc to manufacture new, lightweight 3D-printed parts that could help the automaker meet its goals to add alternative-fuel vehicles to its product lineup.
BEIJING (Reuters) – A U.S. trade delegation arrived in Beijing on Thursday for key talks over tariffs, with Chinese state media saying China will stand up to U.S. bullying if needed but that it was still better to hash things out around the negotiating table.
BEIJING (Reuters) – U.S. Treasury Secretary Steven Mnuchin arrived in Beijing on Thursday for key trade talks, with Chinese state media saying China will stand up to U.S. bullying if needed but that it was still better to hash things out around the negotiating table.
SYDNEY (Reuters) – Asian shares slipped on Thursday as hopes waned for real progress in Sino-U.S. trade talks, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes.
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