VW’s Diess to become head of volume brand division: sources
FRANKFURT/BERLIN (Reuters) – Volkswagen brand chief Herbert Diess will head up a volume brands division which includes responsibility for Skoda and Seat, two sources familiar with the matter said on Thursday.
Futures rise as first-quarter earnings season begins, Syria tensions ebb
(Reuters) – U.S. stock index futures edged higher on Thursday on expectations of strong corporate earnings, looking past geopolitical risks and concerns about faster interest rate hikes.
BlackRock sails to higher profit despite market churn
(Reuters) – BlackRock Inc , the world’s largest asset manager, reported first-quarter profit that exceeded Wall Street estimates on Thursday, benefiting despite higher volatility in global markets.
Exclusive: Walmart close to buying majority of India’s Flipkart
HONG KONG/MUMBAI (Reuters) – Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant’s biggest acquisition of an online business, two people with dire…
UK takeover panel rules Disney must offer to buy all of Sky
LONDON (Reuters) – Britain’s takeover regulator ruled on Thursday that Walt Disney must make an offer for the whole of Sky if it succeeds in buying Twenty-First Century Fox assets, including its 39 percent stake in the European pay-TV company.
Simmering Middle East tensions keep global stocks under pressure
LONDON (Reuters) – World stocks edged down further on Thursday as anxious investors stayed wary of risky assets, seeking protection against a threatened clash between Western powers and Russia in Syria.
‘Urban mining’ in South Korea pulls rare battery materials from recycled tech
GUNSAN, South Korea (Reuters) – Workers at a rural South Korean factory are busy extracting some of the world’s most coveted metals, used in the batteries that power electric cars.
SoftBank among investors for $25 billion FIFA plan: report
(Reuters) – Japanese conglomerate SoftBank Group is part of a consortium of investors that are planning a $25 billion move to create international tournaments for soccer’s governing body FIFA, the Financial Times has reported.
Toyota group truck maker Hino enters strategic tie-up with VW truck unit
TOKYO (Reuters) – Japanese truck maker Hino Motors Ltd and Volkswagen Truck & Bus GmbH said on Thursday they have agreed to form a strategic tie-up to better compete in the commercial vehicle industry, which is undergoing transformation due to the need for lower-emission vehicles and automated driving capabilities.
Exclusive: Walmart close to buying majority of India’s Flipkart, deal likely by end-June – sources
HONG KONG/MUMBAI (Reuters) – Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant’s biggest acquisition of an online business, two people with dire…
