VW recalls 385,000 cars in Germany for brake system update
FRANKFURT (Reuters) – Volkswagen is recalling 385,000 cars in Germany for a software update to their anti-lock brake systems, news agency DPA reported, citing a spokesman for the automaker.
BMW to make Mini electric car plant decision by end-September
CHICHESTER, England (Reuters) – BMW will decide whether to build its new electric Mini car in Britain or elsewhere by the end of September, its board member for sales told Reuters, in a test of the country’s ability to continue to attract investment as…
Macau casinos post 11th month of gains on VIP resurgence
HONG KONG (Reuters) – Revenues in the world’s biggest casino hub of Macau jumped nearly 30 percent in June, posting an 11-month winning streak, as demand from high-roller VIPs accelerated despite a corruption crackdown.
All well for world economy at mid-year? Up to a point
LONDON (Reuters) – So strong is the belief in the growth momentum of the global economy as it enters the second half of 2017, the point has been reached in the economic cycle where data not meeting expectations is dismissed as an aberration.
Investors see overseas equities outshining U.S.
(Reuters) – Even though a steady stream of money has flowed out of U.S. stocks into overseas markets, investors expect European and emerging market equities to rise further, supported by expectations for economic growth and accommodative central bank p…
British Airways cabin crew begin two-week strike in pay dispute
LONDON (Reuters) – Some British Airways cabin crew began a two week strike on Saturday in a prolonged pay dispute, risking further brand damage and travel disruption, although the airline said most passengers would be able to fly.
U.S. warns businesses of hacking campaign against nuclear, energy firms
TORONTO (Reuters) – The U.S government warned industrial firms this week about a hacking campaign targeting the nuclear and energy sectors, the latest event to highlight the power industry’s vulnerability to cyber attacks.
Big Food hungry for meal kits, despite Blue Apron IPO flop
(Reuters) – The downsized initial public offering of Blue Apron Holdings Inc , the first U.S. meal-kit company to go public, may have disappointed venture capital investors, but food companies with stakes in the sector may still see returns in the form…
Big U.S. banks pack results into one day, overwhelming analysts
(Reuters) – For the fourth straight quarter, several of the biggest U.S. banks are reporting earnings on the same day, setting up a situation that overwhelms analysts covering the industry.
Nike-Amazon deal may hurt sporting goods retailers: analysts
(Reuters) – Nike’s pilot program to sell certain products on Amazon and Instagram is a precursor to it forging a deeper relationship with online retailers, and could hit sales at sporting goods retailers such as Foot Locker Inc .
