Deutsche Bank reports third consecutive annual loss
FRANKFURT (Reuters) – Deutsche Bank on Friday posted its third consecutive annual loss in 2017, taking a hit from challenging markets, a drop in investment bank revenue and a U.S. tax reform, after a difficult fourth quarter.
Ford’s China JV to recall 567,167 vehicles: quality watchdog
BEIJING (Reuters) – Ford Motor’s China joint venture will recall 567,167 vehicles from Feb. 25, China’s quality watchdog said on Friday.
AirAsia CEO says looking at Boeing 787 for AirAsia X fleet growth
MANILA (Reuters) – Budget airline group AirAsia is looking at buying Boeing 787s to expand the fleet of its long-haul arm AirAsia X, Chief Executive Tony Fernandes said on Friday.
Texas shale challenges North Sea crude as world oil benchmark
NEW YORK (Reuters) – Surging shale oil production in Texas and North Dakota is being felt on trading desks in Chicago, Houston and New York, where a brisk business in West Texas Intermediate crude futures is far outpacing contracts for London-based Bre…
Exclusive: How Tesla’s first truck charging stations will be built
SEATTLE (Reuters) – Elon Musk, the chief executive of Tesla Inc, has said little about how he plans to turn his prototype electric truck into reality.
Sony CEO Hirai to step down, turnaround ally Yoshida to take helm
TOKYO (Reuters) – Japan’s Sony Corp said CEO Kazuo Hirai would be handing over the reins to finance chief Kenichiro Yoshida, while it also hiked its annual profit forecast further to a record that highlights the revival in fortune they have both engine…
U.S. employers likely boosted hiring in January
WASHINGTON (Reuters) – U.S. job growth likely accelerated in January and wages increased further, underscoring the strong momentum in the economy at the start of the year.
Sony CEO Hirai to be replaced by CFO Yoshida
TOKYO (Reuters) – Sony Corp said on Friday that CEO Kazuo Hirai will be replaced by the company’s chief financial officer, Kenichiro Yoshida, effective on April 1.
Eyes on China at Singapore aviation gathering amid industry consolidation
SINGAPORE (Reuters) – Strong airline profits and higher defense spending have boosted the outlook for aerospace firms gathering for next week’s Singapore Airshow, but after a surge of activity in 2017 the event is expected to produce few big-ticket deals.
Blackstone sees data, not desktop products, as future of Thomson Reuters F&R unit
NEW YORK (Reuters) – Blackstone Group LP President Tony James said on Thursday the future of the Thomson Reuters Financial and Risk business is in selling data, not in selling terminal desktop products to traders, bankers and investors.
