Audi board reshuffle to happen by mid-September: sources
MUNICH/HAMBURG (Reuters) – The management of Volkswagen’s Audi unit will be reshuffled by the start of the IAA car show in mid-September, several people familiar with the matter told Reuters, adding that four of the board’s seven members would be rep…
EU starts in-depth probe of Bayer, Monsanto deal
BRUSSELS/FRANKFURT (Reuters) – The European Commission has started an in-depth investigation of Bayer’s planned $66 billion takeover of U.S. seeds group Monsanto, saying it was worried about competition in various pesticide and seeds markets.
Brazil to sell Eletrobras control in boldest privatization yet
SAO PAULO/BRASILIA (Reuters) – Brazil on Monday floated a proposal to cede control of the country’s biggest power utility, Eletrobras, in the boldest privatization yet by a government struggling to close a record budget deficit, sending Eletrobras’ sha…
Hyundai will launch pickup, more SUVs to reverse U.S. sales slide
DETROIT/SEOUL (Reuters) – Hyundai Motor plans to launch a pickup truck in the United States as part of a broader plan to catch up with a shift away from sedans in one of the Korean automaker’s most important markets, a senior company executive told Re…
Great Wall says watching Fiat Chrysler; no talks yet
HONG KONG/SHANGHAI (Reuters) – Chinese automaker Great Wall Motor Co Ltd reiterated its interest in Fiat Chrysler Automobiles NV on Tuesday, but said it had not held talks or signed a deal with executives at the Italian-American automaker.
Nestle, Unilever, Tyson and others team with IBM on blockchain
CHICAGO/NEW YORK, (Reuters) – Nestle SA , Unilever Plc , Tyson Foods Inc and other large food and retail companies have joined IBM’s project to explore how blockchain technology can help track food supply chains and improve safety, the companies said…
Coca-Cola, PespiCo and others agree to cap sugar in drinks in Singapore
SINGAPORE (Reuters) – Seven major drinks companies including Coca-Cola and PepsiCo will limit the sugar content of drinks they sell in Singapore, as part of the city-state’s campaign to fight diabetes.
Wall Street rallies on optimism about tax reform
(Reuters) – U.S. stocks ended up on Tuesday, with each of the three major indexes posting their best one-day percentage gains in over a week, as lawmakers’ comments on tax reform and the debt ceiling boosted investor optimism.
Exclusive: China’s ‘big four’ banks raise billions for Belt and Road deals – sources
HONG KONG (Reuters) – China’s largest state-owned commercial banks are raising billions to fund investment under Beijing’s “Belt and Road” drive, people close to the matter said, bolstering ambitions to revive Silk Road trade routes and internationaliz…
Toll Brothers’ revenue misses, cuts FY gross margin view
(Reuters) – Toll Brothers Inc’s quarterly revenue missed Wall Street estimates as the U.S. luxury homebuilder sold homes at lower prices and the company cut the top end of its full-year gross margin forecast.
