Renault’s Ghosn likely to step down as CEO before term ends: Financial Times
(Reuters) – Renault SA’s Carlos Ghosn is likely to step down as chief executive of the French carmaker before the end of his term in 2022, the Financial Times reported on Thursday.
Embattled ZTE proposes $10.7 billion credit proposal, new board
HONG KONG (Reuters) – Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban.
Exclusive: Microsoft takes aim at Amazon with push for checkout-free retail
SAN FRANCISCO (Reuters) – Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc’s automated grocery shop, six people familiar with the matter told Reuters.
Wall Street wants more female traders, but old perceptions die hard
NEW YORK (Reuters) – As a biomedical engineering student at Duke University, Priya Karani thought she did not have the right skills to break into the heavily male-dominated field of Wall Street trading.
Musk’s Boring Company wins bid to build high-speed system in Chicago
(Reuters) – The City of Chicago has selected billionaire entrepreneur Elon Musk’s The Boring Company to build a high-speed underground commuter system from the Loop to O’Hare International Airport, one of the world’s busiest, media reported on Wednesda…
Fed-driven dollar surge fades, focus moves to ECB meeting
TOKYO (Reuters) – The dollar slipped back from three-week highs against the yen on Thursday, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone in signaling two more rate hikes by year-end.
Asian shares slip on Fed hike, trade fears and soft China data
TOKYO (Reuters) – Asian shares eased on Thursday after the Federal Reserve raised interest rates and struck a more hawkish tone by forecasting a slightly faster tightening, while concerns about weak Chinese data and U.S.-China trade frictions kept inve…
Oil prices fall as U.S. crude production hits another record
SINGAPORE (Reuters) – Oil prices eased on Thursday, dragged down by rising output, although strong demand and a drop in U.S. fuel inventories provided the market with some support.
Fed-driven dollar rally fades, focus shifts to ECB meeting
TOKYO (Reuters) – The dollar slipped back from three-week highs against the yen on Thursday, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone in signaling two more rate hikes by year-end thanks to a solid ou…
Asian shares down on Fed hike, Sino-U.S. trade anxiety
TOKYO (Reuters) – Asian shares edged down on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year, while concerns about U.S.-China trade frict…
