Exclusive: Investment funds offered to invest in Italy’s Veneto banks three weeks ago – sources
LONDON (Reuters) – A group of four international investment funds offered to inject 1.6 billion euros ($1.79 billion) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Ro…
Honda engineer debunks own claim about cause of Takata air bag failures
DETROIT (Reuters) – Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about “the root cause” of Takata Corp air bag failures, but the engineer later said he was mistaken.
GM settles hundreds of ignition switch lawsuits
NEW YORK (Reuters) – General Motors Co has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows.
Russia’s fighter jet makers ‘not afraid’ of U.S. competition in India
PARIS (Reuters) – Russian military aviation firm MiG said on Friday it was ready to deepen its cooperation with India, just days after U.S. arms maker Lockheed Martin Corp agreed with Tata Advanced Systems to build F-16 fighters there.
Official urges limited Fed role in addressing U.S. inequality
CLEVELAND (Reuters) – The Federal Reserve cannot directly address the problems of inequality, globalization and the challenges facing lower-income Americans, a Fed official said on Friday, though it can help identify solutions for legislators to take u…
Are you being served? Planemakers alter sales pitch to boost profit
PARIS (Reuters) – Airbus and Boeing leave this week’s Paris Airshow with plans for ambitious growth in aviation services, as flattening demand for new jets and pressure to raise profit margins encourages planemakers to deepen their exposure to airline …
Oil creeps up from 10-month low, down nearly 4 percent on week
NEW YORK (Reuters) – Oil futures edged higher on Friday with a lift from a weaker dollar, but finished a fifth straight week lower as OPEC-led production cuts have failed to substantially reduce a global crude glut.
Ford’s China move casts new cloud on Mexican carmaking
MEXICO CITY (Reuters) – A second U-turn this year by Ford Motor Co in Mexico has raised the specter of Chinese competition for local carmaking, adding to pressure on the industry after repeated threats by U.S. President Donald Trump to saddle it with …
Europe faces Herculean challenge to develop new fighter jet
PARIS (Reuters) – Europe is embarking on an expensive and politically charged effort to develop a new combat jet that will shape the future of the European fighter industry and its three existing programs – Eurofighter, France’s Rafale and Sweden’s Gri…
Policy ponder: central banks head for the Portuguese hills
LONDON (Reuters) – The cool shade of the hills above Lisbon will offer leading central bankers an escape from the summer heat in the coming week, but there is little they can do to get away from their differing monetary policy conundrums.
