Stocks lure in cash but investors eyeing signs of correction: BAML
LONDON (Reuters) – Riskier assets were in vogue this week as investors poured $8.9 billion into equities, but strategists at Bank of America Merrill Lynch said flows data indicated positioning remained shy of peak levels.
North Korea missile test leaves stocks unimpressed; yen wilts
LONDON (Reuters) – Traders paid little attention to the latest missile test by North Korea on Friday, with shares and other risk assets barely moving, gold lower and focus rapidly returning to when and where interest rates will go up.
German union attacks Air Berlin administrators for decision delay
FRANKFURT (Reuters) – A German union criticized Air Berlin’s administrators for delaying a decision on a carve-up of the insolvent airline until after this month’s election, saying it was irresponsible to leave thousands of jobs in the balance.
Law reform sparks bidding war for Australia’s Ten Network
SYDNEY (Reuters) – Media scion Lachlan Murdoch made a revised offer for Ten Network Holdings Ltd on Friday, a day after Australia’s senate voted to lift a ban on the ownership of multiple types of media assets, allowing him to challenge U.S. suitor CB…
China green car pivot will need state support, GM chief says
SHANGHAI (Reuters) – China’s big push towards new-energy vehicles (NEV) will require government backing to win over consumers, Mary Barra, chief executive of General Motors Co, said on Friday, amid broader industry concerns over tough NEV quotas in the…
Renault-Nissan seeks to double savings from closer cooperation
PARIS (Reuters) – The Renault-Nissan alliance pledged on Friday to double savings from closer integration to 10 billion euros ($11.9 billion) by 2022, thanks in part to increasing cooperation with recently acquired Mitsubishi Motors .
Renault-Nissan vows to double synergies in convergence push
PARIS (Reuters) – The Renault-Nissan alliance pledged on Friday to double savings from closer integration to 10 billion euros ($11.9 billion) by 2022, thanks in part to increasing cooperation with recently acquired Mitsubishi Motors .
Energy firms battle startups to wire Europe’s highways for electric cars
PARIS/FRANKFURT (Reuters) – The battle over how and where Europeans charge their electric cars is expanding from the continent’s cities to its motorways.
Business interrupted: hurricane-damaged firms dig in for insurance fight
NEW YORK (Reuters) – Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers.
Portland probe finds Uber used software to evade 16 government officials
(Reuters) – A sweeping investigation by the city of Portland, Oregon, found that Uber Technologies Inc [UBER.UL] used a software tool to intentionally evade 16 government officials whose job it was to regulate the ride-services company, city officials …
