In boost for Britain, Peugeot to build new van at Vauxhall plant
LUTON, England (Reuters) – Peugeot-maker PSA has unveiled plans to raise output at its British Vauxhall van plant, in a pre-Brexit show of confidence that will raise pressure on sister brand Opel’s German workforce to offer concessions in labor talks….
WPP investigates CEO Sorrell for alleged misconduct, which he denies
LONDON (Reuters) – WPP is investigating an allegation of misconduct against Martin Sorrell, who has built the world’s biggest advertising empire over more than three decades of relentless expansion.
Boeing, Ford lead list of casualties in China-U.S. trade spat
(Reuters) – U.S. aerospace companies, automakers, grain merchants and chipmakers were the early casualties on Wednesday after China and the United States announced tariffs on $50 billion of imports, cementing fears they were spiraling towards a trade w…
Peugeot to build new van at UK Vauxhall plant
LUTON, England (Reuters) – French auto-maker Peugeot will boost output at its English Vauxhall van plant by around two thirds from next year onwards, including new Peugeot and Citroen models, in a show of confidence in its British brand a year before …
China retaliates for U.S. tariffs, slaps duties on soybeans, planes; markets skid
BEIJING/WASHINGTON (Reuters) – China quickly hit back on Wednesday at Trump administration plans to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey an…
China retaliates for U.S. tariffs, slaps duties on soybeans, planes, autos
BEIJING/WASHINGTON (Reuters) – China hit back on Wednesday at the Trump administration’s plan to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey and c…
Shares recoil as China fires back in U.S. trade war
LONDON (Reuters) – Share markets recoiled on Wednesday as a $50 billion retaliation from China in escalating trade tensions with the United States left investors reluctant to take positions in anything but the safest of assets.
WPP boss Sorrell being investigated for alleged misconduct, rejects allegation
(Reuters) – WPP , the world’s biggest advertising company, is investigating an allegation of personal misconduct against Chief Executive Martin Sorrell who has denied wrongdoing.
Elliott boosts hopes for change at South Korean auto giant Hyundai
SEOUL/NEW YORK (Reuters) – A unit of U.S. activist hedge fund Elliott Management revealed on Wednesday that it holds more than $1 billion worth of shares in key affiliates of South Korea’s Hyundai Motor Group and called for more rapid reform of the aut…
Partners to rivals: Air New Zealand, Virgin Australia end seven-year alliance
(Reuters) – Air New Zealand said it would end its seven-year alliance with Virgin Australia Holdings , meaning the airlines will now compete head-to-head for passengers in the hotly competitive route between the two countries.
