UK unions say Ford to ax 1,100 jobs at Welsh engine plant
LONDON (Reuters) – Ford plans to ax 1,100 jobs at its engine plant in Wales, trade unions said on Wednesday, although the U.S. carmaker said there were no immediate plans for cuts nor had it confirmed any future losses.
Toyota trims executive positions, aims for quicker decision-making
TOKYO (Reuters) – Toyota Motor Corp has reduced its number of top positions to speed up decision-making, as the Japanese automaker works toward a slimmer executive to better compete in an industry undergoing rapid change.
Euro zone factory activity touches six-year high on weaker euro: PMI
(Reuters) – The upturn in euro zone factory activity accelerated in February to the fastest rate in nearly six years, according to a business survey on Wednesday that also showed a weaker euro boosted demand for exports.
Fashion house BCBG Max Azria files for bankruptcy
(Reuters) – Fashion house BCBG Max Azria Group LLC filed for bankruptcy protection on Wednesday, the latest casualty in the struggling U.S. retail sector, as shoppers abandon malls in favor of internet shopping.
Snap tops expectations in pricing of long-awaited IPO
(Reuters) – Snap Inc priced its initial public offering above its target range on Wednesday, raising $3.4 billion as investors set aside concerns about its lack of profits and voting rights for a piece of the hottest tech IPO in years.
Japan will tell United States to respect WTO rules: PM Abe adviser
TOKYO (Reuters) – Japan will tell the United States in their economic talks that any border tax the U.S. government imposes on imports should not break World Trade Organization rules, an adviser to Prime Minister Shinzo Abe said on Wednesday.
Fed officials jolt market with talk of pending rate hike
SANTA CRUZ, Calif./NEW YORK (Reuters) – A handful of Federal Reserve policymakers on Tuesday jolted markets into higher expectations for a March U.S. interest rate increase, with comments that suggested rate-setters are worried about waiting too long i…
Asian factories pick up steam in shadow of Trump protectionist threat
HONG KONG (Reuters) – Asian factories extended a global manufacturing revival as activity picked up steam in February, though the outlook for many of the region’s export-reliant economies remained uncertain in the wake of U.S. President Donald Trump’s …
Oil slips after U.S. crude stocks build to record high
NEW YORK (Reuters) – Oil prices ended slightly lower on Wednesday as record high U.S. crude supplies tempered expectations that the market will rebalance as evidence emerges that OPEC producers are complying with an agreement to cut production.
Trump administration would ignore WTO rulings it sees as anti-U.S.: FT
WASHINGTON (Reuters) – U.S. President Donald Trump’s administration is preparing to ignore any rulings by the World Trade Organization that it sees as an affront to U.S. sovereignty, the Financial Times reported on Tuesday, citing a report prepared by …
