Ford, Jaguar slash thousands of jobs across Europe
Ford and Jaguar Land Rover unveiled sweeping job cuts across Europe on Thursday as carmakers struggle with a slump in demand for diesel vehicles, tougher emissions rules and a global economic slowdown led by China.
Fiat Chrysler agrees to U.S. diesel-emissions settlement worth $800 million
Fiat Chrysler Automobiles NV has agreed to a settlement worth about $800 million to resolve claims from the U.S. Justice Department and state of California that it used illegal software that produced false results on diesel-emissions tests, according t…
Thyssenkrupp break-up plans face economic, financial hurdles in 2019
Thyssenkrupp faces risks ranging from economic uncertainty to cartel fines in 2019, potentially complicating a planned spin-off of the German company’s capital goods business which has so far left some investors unconvinced.
Stocks little changed as trade talks, data disappoint
An index of world stock markets was little changed on Thursday after a four-day winning streak, as investors fretted over the lack of clear signs that a U.S.-China trade spat was resolved and over sluggish global economic growth.
Trump says U.S. is having tremendous success with China on trade
President Donald Trump said on Thursday the United States was having tremendous success in its trade negotiations with China, a day after U.S. and Chinese officials concluded three days of talks in Beijing.
China vice president urges dialogue for stable China-U.S. ties: Xinhua
China’s Vice President Wang Qishan urged for dialogue and consultations for healthy and stable bilateral relations between the country and the United States, China’s Xinhua news agency reported on Thursday.
Sears chairman submits new $5 billion bid to save bankrupt retailer
Sears Holdings Corp Chairman Eddie Lampert submitted a revised takeover bid of more than $5 billion for the company, according to a regulatory filing made on Thursday, significantly increasing the likelihood the U.S. department store will be able to s…
BlackRock to cut 3 percent of its workforce in coming weeks: memo
BlackRock Inc , the largest fund manager in the world, plans to cut 500 jobs, or 3 percent of its workforce, in coming weeks, according to a memo reviewed by Reuters on Thursday.
U.S. weekly jobless claims showcase economy’s strength
The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to sustained labor market strength that could further assuage concerns about the economy’s health.
Exclusive: Modi’s ‘Make in India’ a casualty as steel, auto firms spar over sourcing
India’s steel ministry is putting pressure on automakers to use locally made steel by refusing to back down on tougher import rules despite warnings that the new regulations could disrupt the production of cars, government and industry sources said.
