World stocks hit four-month high on EU-U.S. trade breakthrough hopes
European stocks opened much higher on Thursday, pushing world stocks to new four-month highs after the European Union and the United States agreed to negotiate on trade, easing some of the fears of a transatlantic trade war.
Germany’s VDA says U.S.-EU trade progress is a ‘big step forward’
Germany’s VDA automotive association welcomed on Thursday an agreement between the EU and the United States to take steps to ease the threat of a transatlantic trade war, saying it offered a real opportunity to avert further tariffs.
Toyota plans to expand production, shrink cost of hydrogen fuel cell vehicles
Toyota Motor Corp is doubling down on its investment in hydrogen fuel cell vehicles, designing lower-cost, mass-market passenger cars and SUVs and pushing the technology into buses and trucks to build economies of scale.
Exclusive: Mexico’s Banorte lays off more than half of acquisition’s staff – sources
Mexico’s second-largest bank Grupo Financiero Banorte has laid off some 500 employees from recently acquired Grupo Financiero Interacciones, or about half of the specialist government lender’s workforce, with more job cuts to come, two people with know…
China commerce ministry declines to comment on whether Qualcomm deal approved
China’s commerce ministry declined on Thursday to comment on whether or not Qualcomm Inc’s deal to buy NXP Semiconductors had been approved, after a deadline for approving the deal passed without an announcement, and with Qualcomm having said it wou…
German industry group: Deeds must follow words on U.S.-EU trade
Germany’s BDI industry association welcomed the outcome of talks between U.S. President Donald Trump and European Commission President Jean-Claude Juncker on trade as a sign of de-escalation but added that action must follow the words.
Germany hails U.S.-EU trade reprieve
German ministers welcomed an initiative agreed between U.S. President Donald Trump and European Commission President Jean-Claude Juncker to ease the threat of a trade war, with one describing it as a breakthrough and another saying it had won the EU ti…
Asian shares edge higher, but weak growth outlook weighs
Asian shares inched up n Thursday as the United States and Europe agreed to negotiations to ease barriers on trade, but weakness in China markets underscored persistent worries about the outlook for global growth.
EU has won time in trade dispute with U.S., says German minister
German Foreign Minister Heiko Maas welcomed an initiative agreed between U.S. President Donald Trump and the European Commission President aimed at easing a transatlantic trade war, saying it made a positive result more likely and had won the EU time.
Qualcomm’s $44 billion NXP offer deadline passes, no word from China
The deadline for Qualcomm Inc to buy NXP Semiconductors passed at midnight U.S. eastern time without any word on Chinese regulatory approval, likely shutting the door on a deal embroiled in a bitter U.S.-China spat.
