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Updated: 32 min 50 sec ago

Cash, demand concerns overshadow Tesla's SUV launch

Fri, 03/15/2019 - 19:59
Shares of Tesla Inc fell nearly 5 percent on Friday, as investors wondered if its unveiling of an electric sports utility vehicle would add to pressure on cash flow, while analysts worried the carmaker was not addressing slowing demand for other models.

U.S. SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investors

Fri, 03/15/2019 - 19:52
The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal, alleging a "massive fraud" on U.S. investors.

Tech shares, trade optimism push Wall Street higher

Fri, 03/15/2019 - 19:42
Wall Street's main indexes hit session highs on Friday, in broad based gains led by technology stocks, as sentiment was lifted by an upbeat note in trade talks between the United States and China.

Prada stops end-of-season markdowns to protect brand, margins

Fri, 03/15/2019 - 19:34
Italian luxury group Prada said on Friday it would stop offering end-of-season promotions at its stores, in a bid to boost margins and protect its brand after achieving revenue growth in 2018 for the first time in four years.

Deja vu: UBS tax case dredges up Swiss bank nightmares

Fri, 03/15/2019 - 19:30
A Swiss court will decide within weeks whether UBS must hand over historical client data to French tax authorities, a ruling that could open the door to fresh financial claims against Switzerland's banks.

Vedanta's Sterlite Copper appoints new CEO amid battle to reopen India smelter

Fri, 03/15/2019 - 19:26
Vedanta Ltd on Friday named metals industry veteran Pankaj Kumar as Sterlite Copper chief executive, amid struggles to reopen its smelter in southern India that was shut after police killed 13 demonstrators protesting against the plant.

Renault pushes back decision over Ghosn's 2018 pay

Fri, 03/15/2019 - 19:18
French carmaker Renault said on Friday that it had decided to push back a decision regarding the 2018 pay package for ousted boss Carlos Ghosn.

Global Economy: Central banks stuck in holding pattern

Fri, 03/15/2019 - 19:07
A host of central banks meet next week, but with a global economic slowdown underway alongside political and trade strife, they are unlikely to tinker much, if at all, with policy.

Fed to raise interest rates once more in third quarter, then done

Fri, 03/15/2019 - 19:05
The U.S. Federal Reserve will remain patient for a little longer than thought just last month, waiting until the third quarter before raising rates once more, and then stay on the sidelines, a Reuters poll of economists showed.

U.S. manufacturing sector slowing as economy loses steam

Fri, 03/15/2019 - 18:52
U.S. manufacturing output fell for a second straight month in February and factory activity in New York state hit nearly a two-year low this month, offering further evidence of a sharp slowdown in economic growth early in the first quarter.

Jet Airways pilots seek government help to recover unpaid salaries, with interest

Fri, 03/15/2019 - 18:48
Cash-strapped Indian carrier Jet Airways' pilots union has for the first time sought government help to recover pending salaries and dues from the airline, saying pleas to management have fallen on deaf ears.

All the world a stage: Rising U.S. oil clout on show in Houston

Fri, 03/15/2019 - 18:46
A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics.

U.S. oil retreats from 2019 high on soaring production

Fri, 03/15/2019 - 18:45
U.S. crude futures briefly hit a 2019 high on Friday but retreated along with benchmark Brent oil as worries about the global economy and robust U.S. production put a brake on prices.

Honda says any Brexit delay must be long enough to give stability

Fri, 03/15/2019 - 18:43
Japanese carmaker Honda said any delay to Brexit must be long enough to give businesses stability whilst BMW is still preparing for a "worst-case scenario" no-deal Brexit after lawmakers backed postponing Britain's exit from the EU.

India's Petronet expects to boost LNG imports up to 15 percent in fiscal year 2019

Thu, 03/14/2019 - 20:57
India's leading gas importer Petronet LNG expects its liquefied natural gas (LNG) imports to rise by up to 15 percent this fiscal year from a year ago once an expansion at its largest terminal is completed, the company's top official said on Thursday.

Huawei pleads not guilty to U.S. charges in New York court

Thu, 03/14/2019 - 20:48
China's Huawei Technologies Co Ltd on Thursday pleaded not guilty to a 13-count indictment filed in a New York federal court against the company, as tensions have ratcheted up between the U.S. and Beijing.

Volkswagen says it may face U.S. SEC lawsuit over 'Dieselgate'

Thu, 03/14/2019 - 20:41
Volkswagen AG said the U.S. Securities and Exchange Commission may bring an enforcement action over the automaker's diesel emissions scandal, the latest fallout from the cheating known as "Dieselgate."

El Salvador top court suspends scrapping of Taiwan trade accord

Thu, 03/14/2019 - 20:41
El Salvador's highest court on Wednesday temporarily suspended the cancellation of a free trade pact with Taiwan, after the Central American nation's sugar industry sought an injunction, arguing the move would hurt its business interests.

Ethiopia crash probe starting in France, families grieve

Thu, 03/14/2019 - 20:32
Investigators in France will begin analysing the crashed Ethiopian Airlines jet's black boxes on Friday, seeking clues into a disaster that has angered scores of mourning families and grounded Boeing's global 737 MAX fleet.

Volkswagen's Scania sees China rebound, braces for Brexit hit to UK orders

Thu, 03/14/2019 - 20:16
Volkswagen-owned truckmaker Scania said on Thursday that demand in China had bounced back since the start of this year, but it was bracing for a potentially significant drop in UK orders if Britain leaves the EU under a "hard" Brexit.