Shell, Total start 2018 on a high thanks to rising oil prices
LONDON (Reuters) – Higher output and soaring oil prices helped European majors Royal Dutch Shell and Total to begin 2018 on a high note with better than expected first-quarter results on Thursday.
South Korea antitrust chief says activist Elliott’s demand on Hyundai “inappropriate”
SEOUL (Reuters) – South Korea’s antitrust chief on Thursday said U.S. activist fund Elliott Management’s proposal for Hyundai Motor Group to adopt a holding company structure is “inappropriate” and, if implemented, would be in violation of antitrust la…
EU moves to regulate tech giants’ business practices
BRUSSELS (Reuters) – Tech giants including Google, Apple and Amazon will for the first time face rules governing their commercial relations with smaller businesses under a law proposed by the European Union on Thursday.
Deutsche Bank scales back investment bank as profit drops
FRANKFURT (Reuters) – Deutsche Bank’s new chief executive Christian Sewing took firm action on its long-troubled investment bank on Thursday, cutting back bond and equities trading after a dramatic drop in quarterly profit.
World stocks edgy as rising bond yields raise fears for growth and profits
LONDON (Reuters) – World markets remained edgy on Thursday, with shares eking out gains amid concern over the global economic outlook and with U.S. bond yields at four-year highs after breaking above the psychologically significant 3 percent line this …
EU starts monitoring aluminum imports after U.S. tariffs
BRUSSELS (Reuters) – The European Union has started monitoring imports of aluminum to determine whether U.S. tariffs have led to a surge in shipments of the metal into Europe, the EU official journal said on Thursday.
U.S. probing Huawei for possible Iran sanctions violations: sources
NEW YORK/LONDON (Reuters) – U.S. prosecutors in New York have been investigating whether Chinese tech company Huawei [HWT.UL] violated U.S. sanctions in relation to Iran, according to sources familiar with the situation.
Volkswagen on right path for new CEO despite profit hit
BERLIN (Reuters) – Volkswagen’s first-quarter operating profit fell on Thursday, but optimism over its new chief executive and lower diesel emissions scandal provisions lifted its shares.
Tesla’s head of Autopilot leaves, ex-Apple exec to succeed
(Reuters) – Tesla Inc said on Thursday Jim Keller, the head of its low-voltage hardware, Autopilot software and infotainment, is leaving the automaker to focus on microprocessor engineering with another company.
Deutsche Bank to scale back investment bank as profits drop
FRANKFURT (Reuters) – Deutsche Bank announced cutbacks to its bond and equities trading on Thursday in a major overhaul of its troubled investment bank, after posting a 79 percent drop in net profit in the first quarter.
