Exclusive: China regulators plan to crack down further on overseas deals
HONG KONG (Reuters) – China plans to further tighten the screws on overseas acquisitions by Chinese companies and borrowing to fund those transactions, and has started closely scrutinizing the commercial aspects of the deals, three people familiar with…
VW to offer incentives soon for diesel owners to adopt cleaner models
BERLIN (Reuters) – Volkswagen will offer incentives to drivers of older diesel models of its five main passenger-car brands to switch to cleaner vehicles in a bid to help cut pollution, it said.
Toyota takes stake in Mazda, links up for $1.6 billion U.S. plant
TOKYO (Reuters) – Toyota Motor Corp said on Friday it planned to take a 5 percent share of smaller Japanese rival Mazda Motor Corp, as part of an alliance that will see the two build a $1.6 billion U.S. assembly plant and work together on electric vehi…
Nothing cold about sub-zero rates, IMF researchers find
LONDON (Reuters) – Negative interest rates imposed by central banks have generally worked as a tool to boost inflation, pulling down yields and sometimes weakening currencies, International Monetary Fund research has concluded.
Toyota lifts profit outlook on weaker yen prospects
TOKYO (Reuters) – Toyota Motor Corp raised its full-year profit forecast by 16 percent on Friday, citing expectations of a weaker yen, after posting a smaller-than-expected drop in quarterly profit.
Global refiners brace themselves as China cements its oil market dominance
SINGAPORE/BEIJING (Reuters) – China is on pace to overtake the United States as the world’s biggest oil importer this year, cementing its status as Asia’s most pivotal oil market actor that will increasingly dominate the region’s fuel trade.
RBS plans to make Amsterdam its EU base after Brexit
LONDON (Reuters) – Royal Bank of Scotland is in discussions with the Dutch central bank to use the Netherlands as its trading base in the European Union once Britain leaves the bloc, the bank said on Friday.
Strong U.S. jobs report bolsters case for further Fed tightening
WASHINGTON (Reuters) – U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce a plan to start shrinking its massive bond portfolio.
Exclusive: Exxon mulls Beaumont refinery crude unit addition
HOUSTON (Reuters) – ExxonMobil Corp is considering expanding light crude processing capacity at its Beaumont, Texas, refinery with the addition of a third crude distillation unit, a company spokeswoman said on Thursday.
Volvo Cars to share engine technology and more with parent Geely: sources
BEIJING (Reuters) – Sweden’s Volvo Cars, a unit of Zhejiang Geely Holding Group, has agreed to make some engines available for Geely-branded vehicles, sources said, deepening ties between the carmakers who already share technology through third brand Lynk & Co.
