UK says Brexit talks with Bentley Motors must remain confidential
LONDON (Reuters) – Britain has declined to release details of talks held last year with luxury carmaker Bentley Motors about a new investment decision ahead of Brexit, telling Reuters any disclosure could harm its ability to get a good deal with the Eu…
Singapore ‘vending machine’ dispenses Ferraris, Lamborghinis
SINGAPORE (Reuters) – Forget about soft drinks and potato chips – a “vending machine” in Singapore is offering up luxury vehicles, including Bentleys, Ferraris and Lamborghinis.
Thermo Fisher to buy Patheon for $5.2 billion to expand biopharma services
(Reuters) – Thermo Fisher Scientific Inc said on Monday it would buy Patheon NV , a Dutch manufacturer of drugs for clinical trials, for $5.2 billion as it seeks to complement its offerings in production and services for the biopharma industry.
U.S. companies push hard for lower tax rate on offshore profits
WASHINGTON (Reuters) – Major U.S. multinationals are pushing the Trump administration to deepen the tax break it has already tentatively proposed on $2.6 trillion in corporate profits being held offshore, a key piece in Washington’s intricate tax refor…
China’s Xi says Belt and Road summit reaches consensus, achieves positive outcomes
BEIJING (Reuters) – China’s first ever Belt and Road summit, held in Beijing over the last two days, has reached a broad consensus and achieved positive outcomes, President Xi Jinping said on Monday.
Prosecutor’s search of VW’s dieselgate law firm was legal: court
MUNICH (Reuters) – Searching the offices of Volkswagen’s law firm was not illegal, a German regional court said on Monday, prompting the carmaker to say it would lodge an appeal with Germany’s Federal Constitutional Court.
JPMorgan buys Dublin building with room for 1,000 staff
DUBLIN (Reuters) – JPMorgan Chase has agreed to buy a Dublin building with room for 1,000 staff in the first sign of a financial services company expanding significantly in Ireland since the government began a major campaign to attract firms in the wa…
Blowing the whistle in South Korea: Hyundai Man takes on chaebol culture
YONGIN, South Korea(Reuters) – South Korean engineer Kim Gwang-ho flew 11,000 km (7,000 miles) to Washington last year to do something he never dreamed he would: he reported alleged safety lapses at Hyundai Motor Co – his employer of 26 years – to U.S….
GM supplier relations improve in North America, Nissan’s slip: study
DETROIT (Reuters) – Nissan Motor Co has fallen behind its top North American competitors in the health of its working relationships with suppliers while General Motors Co jumped to third place in rankings released on Monday.
China’s new Silk Road promises trade and riches, with President Xi at helm
BEIJING (Reuters) – Chinese President Xi Jinping and 29 other heads of state on Monday reaffirmed their commitment to build an open economy and ensure free and inclusive trade, under the ambitious Belt and Road initiative led by Beijing.
