Caterpillar raises 2018 profit outlook after beating quarterly estimates
Caterpillar Inc on Monday posted higher quarterly profit that beat market expectations and upgraded the full-year profit outlook, citing robust global demand for its equipment.
Harley to spend up to $275 million to revive growth
Harley-Davidson Inc said on Monday it would spend as much as $275 million to revive growth through the launch of smaller light-weight motorcycles and greater focus on emerging markets in Asia.
Air India seeks additional equity from government to pay vendors: source
State-owned carrier Air India has sought 21.21 billion rupees ($309 million) of additional equity from the government for the fiscal year 2018-19 to make pending payments to its vendors, a source at the airline told Reuters on Monday.
Deutsche shifts chunk of euro clearing to Frankfurt from London
Deutsche Bank has begun clearing a “large part” of new euro-denominated derivatives trades in Frankfurt instead of London, a spokesman confirmed on Monday as a key Brexit battleground in financial services heats up.
World stocks dip before central bank test; Japan bonds down
World stocks fell and the dollar steadied on Monday as a busy week of central bank meetings and company updates started. Japanese government bonds sold off before possible monetary policy tweaks.
Pompeo to announce U.S. economic initiatives in ‘Indo-Pacific’
Building on President Donald Trump’s “Indo-Pacific” strategy, U.S. Secretary of State Mike Pompeo will announce a series of investment initiatives in Asia on Monday focusing on digital economy, energy and infrastructure.
Deutsche Bank shifts large part of euro clearing to Frankfurt from London
Deutsche Bank has moved a “large part” of its euro clearing activity to Frankfurt from London, a spokesman confirmed on Monday.
China tempts Britain with free trade, says door to U.S. talks open
China offered Britain talks on a post-Brexit free trade deal on Monday, reaching out to London as Beijing remains mired in an increasingly bitter trade war with Washington, even as a senior Chinese diplomat reiterated its door remained open for dialogu…
Exclusive: Russian steelmaker MMK changes tack after tariffs, Iran sanctions
MMK , one of Russia’s largest steel producers, has postponed the launch of a lucrative project in Turkey due to uncertainty created by global trade wars, Andrey Eremin, the company’s director for economics, told Reuters in an interview.
Senior China diplomat says door for trade dialogue with U.S. still open
China’s door of dialogue with the United States on bilateral trade frictions remains open, State Councillor Wang Yi said on Monday, reiterating that Beijing does not want a trade war.
