Wall Street braces for rough ride as exchanges seek more speed bumps
NEW YORK (Reuters) – U.S. stock exchanges that spent decades speeding up markets with cutting-edge technology are now rushing to slow them down.
EU Industry chief sees ‘fast’ phase-out of diesel post-VW scandal
BRUSSELS (Reuters) – Europe’s industry chief said she saw diesel engines disappearing from markets much faster than expected as the European Parliament on Tuesday endorsed tougher rules aimed at preventing a rerun of the Volkswagen emissions cheating s…
Toshiba seeks new loan, offers stake in memory chip unit as collateral: sources
TOKYO (Reuters) – Toshiba Corp on Tuesday asked creditor banks for a new loan and offered a stake in its memory chip unit that is being split off as collateral, sources with direct knowledge of the matter said.
Airbus to fit more seats into super-jumbo with slimmer staircase
HAMBURG (Reuters) – Airbus has developed a new, slimmer staircase for its A380 super jumbo to allow for more seats in its latest effort to improve sales of the world’s largest airliner.
EU to investigate new RBS plan to offset state aid
BRUSSELS (Reuters) – EU state aid regulators will investigate whether a proposal by Royal Bank of Scotland to help so-called challenger banks and boost competition among lenders will be able to substitute a previous pledge to sell its Williams & Glyn unit.
Mercedes joins forces with Bosch to develop self-driving taxis
FRANKFURT (Reuters) – Mercedes-Benz parent Daimler and supplier Robert Bosch [ROBG.UL] are teaming up to develop self-driving cars in an alliance primarily aimed at accelerating the production of “robo-taxis”.
Iran’s Aseman Airlines signs up to buy at least 30 Boeing jets
DUBAI/PARIS (Reuters) – Iran’s Aseman Airlines has signed a tentative deal to buy at least 30 Boeing 737 MAX jets, in the first new business with the U.S. planemaker since U.S. President Donald Trump took office vowing to take a tougher stance toward …
Vale megadeal puts Morgan Stanley, Bradesco at the top of Brazil M&A
SAO PAULO (Reuters) – Morgan Stanley and Banco Bradesco BBI SA topped Brazil’s mergers and acquisitions rankings in the first quarter, buoyed by advisory roles in the $21 billion corporate reorganization of Vale SA , the world’s No.1 iron ore producer…
Brazil’s black market pipeline: Gangs hijack Petrobras’ oil, fuel
RIO DE JANEIRO (Reuters) – In September, police investigating a wave of killings in the northern Rio de Janeiro suburbs followed a tip to the isolated scrubland near the massive Duque de Caxias oil refinery.
South Korean automakers cut China production amid missile row: sources
SEOUL (Reuters) – South Korea’s Hyundai Motor Co and Kia Motors Corp have sharply cut vehicle production in China, sources said, as anti-Korean sentiment and competition from Chinese brands play havoc on sales and threaten earnings.
