Tesla faces angry Wall Street as CEO Musk snubs analysts on call
(Reuters) – Tesla Inc Chief Executive Elon Musk’s refusal to take questions from analysts about the electric car maker’s financial condition drew sharp criticism from Wall Street analysts and investors on Thursday, pushing its stock down 7 percent.
ECB making ‘substantial’ inflation progress: Praet
FRANKFURT (Reuters) – Europe’s economic slowdown came sooner than expected and factors holding back growth may persist in the near term but the European Central Bank is still making “substantial” progress in lifting inflation, ECB Chief Economist Peter…
Rolls-Royce interested in providing new engine for U.S. B-52s
DERBY, England (Reuters) – Rolls-Royce would be interested in bidding to provide a new engine for the United State’s B-52 bombers, said its CEO, should authorities proceed with a project to update the jets.
ECB making ‘substantial’ inflation progress
FRANKFURT (Reuters) – The European Central Bank has made “substantial” progress in lifting inflation but its work is not yet done and requires patience from policymakers, ECB Chief Economist Peter Praet said on Thursday.
Bombardier sells Toronto assembly site in major makeover
(Reuters) – Canadian plane and train maker Bombardier Inc has agreed to sell its Toronto aircraft assembly site to a pension fund as part of efforts to raise extra cash under a five-year recovery plan.
Trump praises China’s Xi as U.S. team arrives for trade talks
BEIJING (Reuters) – U.S. President Donald Trump praised his relationship with Chinese President Xi Jinping as a U.S. delegation arrived in Beijing on Thursday for talks on tariffs, with state media saying China will stand up to U.S. bullying.
VW still looking at whether to spin-off assets: CEO
BERLIN (Reuters) – Volkswagen is still looking at whether to spin off assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the autos group strives to streamline its operations and become more efficient….
UBS CEO says investors may be expecting too much
ZURICH (Reuters) – UBS Group Chief Executive Sergio Ermotti warned on Thursday that investors may be expecting too much too soon from Switzerland’s biggest bank, noting heavy spending on technology would weigh on results in the short term.
Trade worries keep world stocks subdued, dollar holds gains
LONDON (Reuters) – World stocks made little progress on Thursday as worries over global trade tensions weighed, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes.
Volkswagen weighs spin-offs of non-core assets: CEO
BERLIN (Reuters) – Volkswagen is pondering spin-offs of non-core assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the group seeks to boost its efficiency and become more nimble.
