Business & Finance News
Volkswagen on Tuesday said that Luca de Meo has stepped down from his current role as head of its Spanish Seat brand just as rival Renault intensifies efforts to find a new chief executive.
The dollar gained, helped by better-than-expected data in the U.S. non-manufacturing sector, and oil prices retreated on Tuesday as investors awaited developments in the U.S.-Iranian stand-off in the Middle East.
The S&P 500 and the Dow Jones Industrial Average slipped on Tuesday, led by losses in oil and healthcare stocks, with investors nervously awaiting the latest in the U.S.-Iran standoff.
An international aviation team has been activated to support “effective coordination and communication” between airlines and countries as tensions mount in the Middle East after a U.S. drone strike killed an Iranian military commander, global airlines body IATA said on Tuesday.
German carmaker Volkswagen said on Tuesday Luca de Meo has stepped down as chief executive of its Spanish Seat brand.
Struggling Italian carrier Alitalia [CAITLA.UL] is burning through its cash resources at the pace of around 300 million euros ($334 million) a year, its new temporary administrator Giuseppe Leogrande told members of a parliamentary committee.
Oil prices fell about 1% on Tuesday, surrendering some of the gains of recent days as investors reconsidered the likelihood of immediate supply disruptions in the Middle East after the United States killed a top Iranian military commander last week.
Luca de Meo, the head of Volkwagen’s Spanish brand Seat, is stepping down from his current role, a source close to the matter told Reuters on Tuesday.
Goldman Sachs Group Inc unveiled details about its consumer business for the first time on Tuesday and will start disclosing its results regularly as part of a broader reporting-line shuffle, responding to long-standing requests for more transparency from analysts and investors. The changes are part of Chief Executive Officer David Solomon’s effort to get Goldman in line with rivals like JPMorgan Chase & Co that have bigger consumer businesses and share mor
Wall Street’s main indexes fell on Tuesday, dragged down by oil and healthcare stocks as investors nervously awaited further developments on the U.S.-Iran conflict.
The U.S. trade deficit fell to a more than three-year low in November as imports declined further, likely weighed down by the Trump administration’s trade war with China, and exports rebounded, suggesting the economy ended 2019 on solid footing.
Waymo, the self-driving unit of Alphabet Inc , said its vehicles had covered more than 20 million miles (32.2 million km) on public roads since its creation in 2009.
Japanese prosecutors on Tuesday issued an arrest warrant for Carlos Ghosn’s wife for alleged perjury, as officials stepped up efforts to bring the fugitive car industry boss back to face trial on financial misconduct charges.
The S&P 500 and the Dow opened slightly lower on Tuesday, dragged down by healthcare and energy stocks, while the Nasdaq was supported by positive corporate updates from chipmakers.
Canada posted a trade deficit of C$1.09 billion ($0.84 billion) in November, thanks in part to a major railway strike that slowed the shipment of imports and exports, Statistics Canada said on Tuesday.
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