VW, Audi resume crisis talks after Audi CEO arrest: sources
MUNICH (Reuters) – Volkswagen bosses were locked in a second day of hastily convened meetings to address a leadership crisis sparked by the arrest of the head of the carmaker’s Audi brand, sources familiar with the matter said on Tuesday.
Trade war worries slam China and emerging markets
LONDON (Reuters) – Chinese stocks fell almost 4 percent and alarm bells rang across global markets on Tuesday, as the trade dispute between the United States and China escalated further.
OPEC sees strong oil market, possible need for more output
VIENNA (Reuters) – Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group.
China slams U.S. ‘blackmailing’ as Trump issues new trade threat
BEIJING/WASHINGTON (Reuters) – U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods and Beijing warned it would retaliate, in a rapid escalation of the trade conflict between the world’s two biggest econ…
Exclusive: China’s Xiaomi cuts valuation after pulling mainland offering: sources
HONG KONG/SHANGHAI (Reuters/IFR) – Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with dir…
Audi to resume crisis talks after CEO arrest: sources
MUNICH (Reuters) – Audi’s board of directors will resume talks on Tuesday to address a leadership crisis at Volkswagen’s most profitable brand, sources familiar with the matter said, following Audi chief Rupert Stadler’s arrest.
Roche pays $2.4 billion for rest of cancer expert Foundation Medicine
ZURICH/LONDON (Reuters) – Swiss drugmaker Roche is paying $2.4 billion to buy the rest of Foundation Medicine (FMI) , raising its bet on the U.S. genomic profiling group’s ability to personalize cancer care.
China’s Xiaomi cuts valuation to $55 billion-$70 billion: sources
SHANGHAI/HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with dir…
Asia stocks skid to four-month low as Trump raises stakes in China trade war
TOKYO (Reuters) – Asian stocks sank on Tuesday and Shanghai shares plunged to near two-year lows as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world’s two biggest economies.
Trump ratchets up China trade conflict with fresh tariff threat
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world’s two biggest economies…
