Polish watchdog fines Volkswagen over ‘dieselgate’ scandal
Poland’s consumer watchdog UOKiK said on Wednesday it was fining Volkswagen more than 120 million zlotys ($31.6 million) for misleading customers about the emissions of its vehicles.
Honda, Isuzu power up fuel cell partnership for heavy-duty trucks
Japan’s Honda Motor Co and Isuzu Motors Ltd on Wednesday said they would jointly research the use of hydrogen fuel cells to power heavy-duty trucks, looking to expand fuel cell use by applying the zero-emission technology to larger vehicles.
Spain’s Banco Sabadell hires IBM for 1 billion euro IT upgrade
Spain’s Banco Sabadell has hired IBM for a 1 billion euro ($1.11 billion) overhaul of its IT systems over the next ten years, Miguel Montes, the bank’s director of operations and people, said on Wednesday.
Malaysia Airlines suspends Boeing 737 MAX deliveries due to jet’s grounding
Malaysia Airlines said on Wednesday it had suspended deliveries of 25 Boeing Co 737 MAX jets, citing the plane’s delayed return to service since it was grounded last year following two fatal crashes.
JPMorgan initiates coverage of Saudi Aramco with ‘overweight’ rating
JPMorgan has initiated coverage of Saudi Aramco’s shares with an “overweight” rating and a price target of 37 riyals ($9.86) per share, saying it sees scope for the company to increase its proposed $75 billion base dividend.
Amazon offers India’s small business owners $1 billion olive branch
Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small and medium-sized businesses online in India and expects to export $10 billion worth of India-made goods by 2025.
Amazon chief says to invest $1 billion in digitizing small businesses in India
Amazon.com Inc will invest $1 billion in digitizing small- and medium-businesses in India and expects to export $10 billion worth of India-made goods by 2025, its founder Jeff Bezos said on Wednesday.
U.S., China set to sign massive purchases deal, easing trade war
The U.S.-China trade war is set to enter a new, quieter phase on Wednesday as U.S. President Donald Trump and Chinese Vice Premier Liu He sign an initial trade deal that aims to vastly increase Chinese purchases of U.S. manufactured products, agricultu…
Stocks tick lower ahead of U.S.-China ‘Phase 1’ trade deal signing
Stocks slipped in Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary that tariffs would remain in place for now.
Oil drops on concerns that U.S.-China trade deal may not stoke demand
Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese goods until a second phase.
