Britain’s car industry cautions: No-deal Brexit is our nightmare
A no-deal Brexit would seriously damage the car industry in Britain and the European Union by raising costs and sowing chaos for carmakers and consumers alike, the head of Britain’s car industry warned on Tuesday.
BMW to build 1 billion euro car factory in Hungary
BMW will invest 1 billion euros ($1.17 bln) to build a new plant in Hungary at a time when a rise in protectionism is forcing carmakers to curb inter-continental exports and to refocus production networks to serve regional trading blocs.
U.S., Japan to hold first bilateral trade talks Aug 9
Japanese Economy Minister Toshimitsu Motegi said on Tuesday that the United States and Japan will hold their first bilateral trade talks in Washington on Aug. 9.
Japan’s rate decision lifts bonds, shares under tech cloud
Reassurance by the Bank of Japan that it will keep its super-easy monetary policies in place for an extended period pushed the yen and global bond yields lower on Tuesday, though mounting concerns about the tech sector kept world stocks under pressure….
BMW to build 1 billion euro electric car factory in Hungary
BMW said it is investing 1 billion euros ($1.17 billion) in a new car factory in Debrecen, Hungary capable of building electric cars.
StanChart sees ‘minimal’ hit from U.S.-China spat as profits rise
Asia-focused lender Standard Chartered Plc said it was confident of delivering better returns in the medium term as restructuring measures pay off, while its limited exposure to the U.S.-China trade dispute will also cushion the bottom line.
Volkswagen to name company insider as COO: source
Volkswagen is set to name Ralf Brandstaetter, the procurement chief of its core VW brand, as its group Chief Operating Officer, a person familiar with the matter said.
Factbox: Key changes made to BOJ’s policy framework on July 31
The Bank of Japan took measures to make its massive stimulus program more flexible and pledged to keep interest rates low for the time being on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target.
Samsung Elec profit growth slows as Galaxy S9 misses sales targets
Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market.
Bonds gain, yen falters as BOJ pledges to keep rates low
Global bond prices gained and the yen fell on Tuesday after the Bank of Japan (BoJ) wrongfooted hawks as it pledged to keep interest rates extremely low for an extended period.
