FRANKFURT (Reuters) – The head of Volkswagen’s luxury arm Audi was arrested on Monday, the most senior company official so far to be taken into custody over the German carmaker’s emissions test cheating scandal.
“Our updated global supply-demand balance continues to point to further declines in inventories and higher oil prices in 2H18,” the bank said, reiterating its Brent price (LCOc1) forecast for a peak of $82.50 per barrel during the summer and a year-end estimate of $75. Oil prices on Monday extended last week’s losses, partly on expectations that top suppliers Saudi Arabia and Russia could increase production after withholding output since the start of 2017. The producer cartel of the Organisation of the Petroleum Exporting Countries (OPEC) and allies including Russia will meet in Vienna on June 22 to decide …read more […]
LONDON (Reuters) – Global stocks slid on Monday and U.S. oil prices slumped after U.S. President Donald Trump announced tariffs on Chinese goods and Beijing responded with similar measures in an escalating trade dispute.
TOKYO (Reuters) – When flea market app Mercari makes its market debut on Tuesday, it will mark the appearance of one of Japan’s rarest beasts: a tech unicorn.
FRANKFURT (Reuters) – Audi Chief Executive Rupert Stadler was arrested on Monday, a spokesman for parent company Volkswagen said.
BERLIN (Reuters) – Lufthansa is in contact with Norwegian Air Shuttle , also the subject of bid interest from British Airways owner IAG , the German group’s chief executive told a German daily, sending Norwegian’s shares higher.
Much of the endless stream of chatter surrounding Tesla lately has centered around topics other than what the company actually sells. There’s also much to discuss when dealing with Tesla’s financial health. Tesla may not have intended its up-to-seven-person sedan to be a car that makes you want to drag race at every stoplight, but that’s exactly what it is. …read more […]
BERLIN (Reuters) – Lufthansa is in contact with Norwegian Air Shuttle , also the subject of bid interest from British Airways owner IAG , the German group’s chief executive told a German daily, sending Norwegian’s shares higher.
SHANGHAI (Reuters) – Goldman Sachs said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating.
Jun.18 — Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week. Bloomberg’s Annemarie Hordern reports on “Bloomberg Daybreak: Europe.” …read more […]
TOKYO/SYDNEY (Reuters) – Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.
Boeing has reorganised its sales operations as part of a push into services that has helped it take a lead over rival jet maker Airbus this year. Boeing set up a standalone division in 2017 to build a $50 billion business in services for civil and defence aircraft. Now sales of jetliner services have been brought under the same umbrella as plane sales, headed by senior vice president Ihssane Mounir, Boeing Co’s overall commercial sales chief. …read more […]
Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com. The two companies described the investment as one piece of a broader partnership that will include the promotion of JD.com products on Google’s shopping service. This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in U.S. and European markets. …read more […]
MEXICO CITY (Reuters) – Billionaire Carlos Slim has had harsh words for Mexico’s presidential frontrunner, saying recently he is “concerned and afraid” about what leftist Andres Manuel Lopez Obrador might do if elected.
Google will invest $550 million in Chinese e-commerce powerhouse JD.com (JD.O), part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com (AMZN.O). The two companies described the investment as one piece of a broader partnership that will include the promotion of JD.com products on Google’s shopping service. JD.com’s investors include Chinese social media powerhouse Tencent Holdings Ltd , the arch-rival of Chinese e-commerce leader Alibaba Group Holding Ltd (BABA.N), and Walmart Inc (WMT.N). …read more […]
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