Volvo Cars concerned about possible U.S. import tax
CHARLESTON, S.C. (Reuters) – Volvo Cars would suffer if the United States enacts taxes on imported goods, even as the company prepares to hire up to 4,000 workers for a new plant in South Carolina, the head of its North American operations said.
Oil surplus or scarcity? Shale makes it even harder to predict
LONDON (Reuters) – The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarized.
Barclays reprimands chief executive for trying to identify whistleblower
LONDON (Reuters) – British bank Barclays has reprimanded Chief Executive Jes Staley and will cut his bonus heavily after he tried to uncover the identity of an internal company whistleblower in a case being investigated on both sides of the Atlantic.
In the Trump era, one U.S. Muslim investor tries a louder voice
BOSTON (Reuters) – Shareholder activism is rare in Islamic finance, but one wealth manager has staked out new territory as the most outspoken voice among Muslim investors in the United States.
Banks scramble to fix old systems as IT ‘cowboys’ ride into sunset
NEW YORK (Reuters) – Bill Hinshaw is not a typical 75-year-old. He divides his time between his family – he has 32 grandchildren and great-grandchildren – and helping U.S. companies avert crippling computer meltdowns.
Investors swoop on stocks as geopolitical strains simmer
LONDON (Reuters) – A break in alarming political news lifted European stocks on Wednesday and cooled a safe-haven rally that saw the yen and gold at five-month highs and top-rated government bond yields at their lowest this year.
Google offers at least $880 million to LG display for OLED investment: Electronic Times
SEOUL (Reuters) – Google Inc has offered to invest at least 1 trillion won ($880.29 million) to help South Korea’s LG Display Co Ltd boost output of organic light-emitting diode (OLED) screens for smartphones, the Electronic Times reported on Monday c…
Mondelez lays groundwork to replace its CEO: WSJ
(Reuters) – Mondelez International Inc is preparing to look for a successor to Chief Executive Officer Irene Rosenfeld as the snack maker faces shareholder pressure and a broad shift to healthier eating habits, the Wall Street Journal reported, citing…
Investors flock to ‘macro’ hedge funds, but not only the old guard
LONDON/BOSTON (Reuters) – “Macro” hedge funds are back in favor with investors seeking to take a view on U.S. President Donald Trump’s economic policies, European elections, or interest rates, but it is start-up funds rather than established players wh…
Masters turns into Spring Break for CEOs
AUGUSTA, Georgia (Reuters) – To wander the immaculately manicured grounds of Augusta National Golf Club during the U.S. Masters is to take a stroll back in time.
