General Motors Chairman & CEO Mary Barra attends a press conference in Shanghai, China September 15, 2017. REUTERS/Aly Song November 15, 2017 By Paul Lienert and Nick Carey (Reuters) – General Motors Co <GM.N> plans to launch a new family of electric vehicles in 2021 with batteries costing about 30 […]
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Lebanon accuses Saudi Arabia of holding its PM hostage
Lebanese President Michel Aoun meets with Lebanese journalists and media executives at the presidential palace in Baabda, Lebanon, November 15, 2017. Dalati Nohra/Handout via REUTERS November 15, 2017 By Lisa Barrington and Angus McDowall BEIRUT (Reuters) – Lebanon’s president on Wednesday accused Saudi Arabia of holding hostage prime minister Saad […]
EU lawmakers clear law to limit cheap Chinese imports
November 15, 2017 STRASBOURG (Reuters) – The European Parliament approved legislation on Wednesday designed to protect EU industries against excessively cheap imports from China. The new law, which was passed by 554 votes to 48 against, amends regulations on dumping and subsidies by third countries, such as China. It also […]
Wall Street opens lower on oil price slide
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 9, 2017. REUTERS/Brendan McDermid November 15, 2017 (Reuters) – The Dow shed more than 100 points at the open on Wednesday, as a slide in oil prices hit global markets and concerns about […]
Senate Finance chairman revises tax plan to end Obamacare mandate
Senate Finance Committee Chairman Orrin Hatch arrives for the the markup the “Tax Cuts and Jobs Act” on Capitol Hill in Washington, U.S., November 13, 2017. REUTERS/Kevin Lamarque November 15, 2017 By Susan Heavey WASHINGTON (Reuters) – The head of the U.S. Senate Finance Committee proposed major changes to a […]
Bayer hires new blood to stem ‘Amazon effect’ in consumer health
FILE PHOTO: The corporate logo of Bayer is seen at the headquarters building in Caracas May 6, 2015. REUTERS/Carlos Garcia Rawlins November 15, 2017 By Ludwig Burger FRANKFURT (Reuters) – German drugmaker Bayer has hired the head of Nestle’s baby food business to help it reverse a drop in revenue […]
Moscow Exchange bets on growth in Russia-China investments
A man walks inside the Moscow Exchange in the city of Moscow, Russia September 13, 2017. REUTERS/Sergei Karpukhin November 15, 2017 By Matthew Miller BEIJING (Reuters) – Deepening cross-border financial cooperation between Russia and China remains a priority, said a senior official with the Moscow Exchange (MOEX), with more products […]
Target’s holiday-quarter profit forecast disappoints
Target shopping carts a shows outside a newly constructed Target store in San Diego, California May 17, 2016. REUTERS/Mike Blake November 15, 2017 (Reuters) – Target Corp <TGT.N> issued an underwhelming profit forecast for the key holiday quarter, as it continues to depend on price cuts to drive traffic to […]
ECB to increasingly rely on forward guidance: Praet
A commuter train passes over a bridge next to the headquarters of the European Central Bank (ECB) in Frankfurt, Germany, October 1, 2017. REUTERS/Kai Pfaffenbach November 15, 2017 FRANKFURT (Reuters) – As lavish bond buys are wound down, the European Central Bank will increasingly rely on its forward guidance, a […]
Tencent third-quarter profit surges on smartphone games, payment services
A sign of Tencent is seen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 16, 2016. REUTERS/Aly Song November 15, 2017 By Sijia Jiang HONG KONG (Reuters) – Chinese internet giant Tencent Holdings Ltd <0700.HK> posted a 69 percent jump in its […]