Germany threatens Daimler with 3.75 billion euro fine over emissions-Spiegel
BERLIN/FRANKFURT (Reuters) – German Transport Minister Andreas Scheuer has threatened to fine carmaker Daimler 3.75 billion euros ($4.4 billion) over a diesel emissions scandal, Spiegel magazine reported on Friday.
China stands up for free trade on eve of U.S. commerce chief’s visit
BEIJING (Reuters) – China reiterated its commitment to the global trade order on Friday, hours after Washington imposed new tariffs on imports from key allies and a day before U.S. Commerce Secretary Wilbur Ross was due in Beijing for talks to avert a …
Marchionne leaves Fiat Chrysler debt free as prepares to sever ties
BALOCCO, Italy (Reuters) – Fiat Chrysler’s Sergio Marchionne laid out his final strategy as chief executive on Friday with a focus on sport utility vehicles and electric and hybrid cars as his era at the wheel nears its end.
Global trade skirmish puts factories, recovery at risk
LONDON/BEIJING (Reuters) – Factory growth in major manufacturing hubs showed signs of cooling last month as companies braced for potential damage from rising global trade tensions while also grappling with accelerating inflation and a strong dollar.
China defends free trade ahead of Ross visit
BEIJING (Reuters) – China reiterated its commitment to the global trade order on Friday, hours after Washington slapped new tariffs on imports from key allies and a day before U.S. Commerce Secretary Wilbur Ross was due in Beijing for talks to avert a …
U.S. allies hit back at Washington’s steel, aluminum tariffs
WASHINGTON/BRUSSELS (Reuters) – Canada, Mexico and the European Union retaliated against U.S. tariffs on steel and aluminum with levies on billions of dollars of U.S. goods from orange juice and whiskey to blue jeans and Harley-Davidson motorcycles.
Deutsche Bank making progress on turnaround: ECB source
FRANKFURT (Reuters) – Deutsche Bank has made good progress in its efforts to address regulatory concerns, a person familiar with the thinking of the European Central Bank said on Friday after Standard & Poor’s downgraded its rating on the German bank.
Airlines take aim at Australia’s airport privatization model
SYDNEY (Reuters) – As more countries look to privatize airports two conflicting narratives have taken wing: airlines point to Australia’s big city airports as a cautionary tale of light regulation, while airports say they’ve found a winning formula for…
Stocks rise, bond yields fall as Italian political deadlock ends
LONDON (Reuters) – World stocks rose and bond yields fell on Friday as investors welcomed an apparent end to a political crisis in Italy, although prospects of a full-blown trade war put a dampener on gains.
China, asked about U.S. tariffs, says normal trade order should be protected
BEIJING (Reuters) – China’s foreign ministry said on Friday all countries should protect the normal trade order, when asked about United States’ decision to impose tariffs on steel and aluminum exports from the European Union, Canada and Mexico.
