RBS CEO sees potential to settle major U.S. mortgage probe
LONDON (Reuters) – Royal Bank of Scotland Chief Executive Ross McEwan said the bank is in talks to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed securities that it needs to overcome before the British gov…
China’s Great Wall Motor eyes North America plant, says policy doubts remain
SHANGHAI (Reuters) – Chinese carmaker Great Wall Motor Co Ltd is planning to build a plant in Mexico or the United States, the firm’s chairman said on Friday, but added an uncertain policy environment meant the details of the plan were still in flux.
U.S. used-car glut is a dealer’s dream, automakers’ nightmare
ORWELL, Ohio (Reuters) – Three years ago if a customer walked onto Dan Reel’s used car lot seeking a late-model off-lease Ford Escape, his answer was short: tough luck.
GE’s Immelt bets big on digital factories, shareholders are wary
GROVE CITY, Penn. (Reuters) – At a General Electric Co factory in this rural town, Keith Spahn, 60, used to take measurements of parts from railroad locomotives that are in for repair by hand.
Japan government names and shames ‘black’ companies violating labor laws
TOKYO (Reuters) – The Japanese government for the first time released a nationwide list of over 300 companies that have violated labor laws, hoping this name-and-shame tactic would help eliminate abuses and prevent “karoshi,” or death by overwork.
Mexico says called Trump’s bluff when he eyed NAFTA exit
MEXICO CITY (Reuters) – Mexico said on Thursday it had called U.S. President Donald Trump’s bluff over his suggestion he only decided to stay in the North American Free Trade Agreement as a favor to the leaders of Mexico and Canada after they asked him…
Exclusive: IEA to review oil demand outlook after China, India signal auto policy shifts
SINGAPORE (Reuters) – The International Energy Agency will review its electric vehicle (EV) use and oil demand forecasts after India and China recently signaled new policies in favor of electric cars and vehicles using other alternatives to gasoline.
U.S. judge calls for criminal probe into trade secrets theft raised in Uber case
SAN FRANCISCO (Reuters) – A U.S. judge on Thursday called for an investigation into allegations of trade secret theft that were raised in a court battle between Silicon Valley giants Uber [UBER.UL] and Alphabet over their rival self-driving car progra…
U.S., China agree to first trade steps under 100-day plan
WASHINGTON/BEIJING (Reuters) – The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington’s drive to cut its trade deficit …
World stocks retreat from record highs as valuations give cause for a pause
LONDON (Reuters) – Global stocks paused near record highs as worries over China’s banking system provided an excuse for investors to lock in some profits. The dollar was set for its best week of the year on bets the Federal Reserve will raise U.S. inte…
