Glencore says cobalt contract “non-performance” hits outlook for marketing earnings
Mining and trading giant Glencore said on Monday some customers had reneged on contracts for cobalt, a key metal for electric car batteries, contributing to a cut in earnings guidance for its marketing arm.
Glencore hires new industrial mining chief, copper head steps down
Glencore has appointed Peter Freyberg to the newly created role of head of industrial mining, the global trader and miner said on Monday, while its head of copper Telis Mistakidis retires at the end of the year.
Toyota, Honda U.S. sales fall in November
Sales of new Toyota and Honda cars in the United States both fell in November, the Japanese carmakers said on Monday, pointing to an overall dip in U.S. industry numbers last month in the face of rising car prices and interest rates.
Verizon, Samsung to release 5G smartphones in U.S. in 2019
Verizon Communications Inc and Samsung Electronics Co Ltd on Monday confirmed long-held industry expectations they would seek to steal a march on Apple Inc by launching U.S. 5G smartphones in the first half of 2019.
Nissan’s external board to meet Tuesday, discuss Ghosn replacement: source
Nissan’s three independent board members are set to meet on Tuesday to discuss a replacement for arrested former Chairman Carlos Ghosn, a source familiar with the matter said.
Wall Street set to jump at open on temporary trade detente
U.S. stock index futures jumped around 2 percent on Monday, setting Wall Street up to add to last week’s strong gains, after the United States and China declared a temporary trade truce.
U.S. Treasury’s Mnuchin says Trump to lead China trade talks
U.S. President Donald Trump will lead trade negotiations with China along with several of his Cabinet officials, U.S. Treasury Secretary Steven Mnuchin said in an interview with CNBC on Monday.
Jet Airways to stop free meals for most domestic economy passengers
Jet Airways Ltd , India’s biggest full-service carrier, will stop providing free meals to most domestic economy class passengers from January, in the debt-laden airline’s latest move to cut costs and boost revenues.
Honda U.S. sales fall 9.5 percent in November
Japan’s Honda Motor Co Ltd on Monday reported a 9.5 percent fall in U.S. auto sales in November, hurt by lower sales of passenger cars such as the Civic.
Trump calls trade truce with China a big step forward
U.S. President Donald Trump on Monday said U.S.-China relations had taken a big step forward over the weekend after he and Chinese President Xi Jinping agreed to hold off on new tariffs, and urged Beijing to finalize a trade deal with Washington.
