China February factory growth beats expectations as global demand improves
BEIJING (Reuters) – China’s factory activity expanded faster than expected in February as domestic and export demand picked up, adding to signs that the global economy is regaining momentum even as fears grow of a surge in trade protectionism.
Fed trumps Trump as dollar, U.S. Treasury yields soar
LONDON (Reuters) – The dollar and U.S. Treasury yields jumped on Wednesday, while stocks were mixed, as investors focused less on U.S. President Donald Trump’s first speech to Congress and more on what they see as a growing chance of a U.S. interest ra…
German automakers top U.S. magazine brand rankings
WASHINGTON (Reuters) – German automakers dominated Consumer Reports’ annual ranking of automotive brands released on Tuesday, with Volkswagen AG’s Audi leading the pack, while U.S. brands continued to lag despite gains for many.
FCA reveals U.S. state, federal probes on diesel emissions
DETROIT (Reuters) – Fiat Chrysler Automobiles NV has received subpoenas from U.S. federal and state authorities, including the Securities and Exchange Commission, related to alleged excess diesel emissions by some of its vehicles, the automaker reveale…
VW has spent $2.9 billion on U.S. buybacks: court document
WASHINGTON (Reuters) – Volkswagen AG has paid $2.9 billion to repurchase nearly 138,000 U.S. diesel vehicles through Feb. 18 in the wake of its emissions scandal, a court document made public on Tuesday shows.
Hershey to cut global workforce by about 15 percent
(Reuters) – Hershey Co , maker of Hershey’s Kisses and Reese’s Peanut Butter Cups, said on Tuesday it would cut its global workforce by about 15 percent as part of a restructuring program.
LG Electronics to build $250 million home appliance plant in U.S.
(Reuters) – South Korea’s LG Electronics Inc said it would spend $250 million to build a new factory in the United States, in a move that comes amid criticism from U.S. President Donald Trump about companies manufacturing abroad for U.S. consumers.
Business, unions ramp up campaign for U.S. infrastructure spending
(Reuters) – Business groups and unions are bulking up lobbying budgets and coordinating efforts to put pressure on Congress not to let President Donald Trump’s infrastructure spending plans fall through the cracks on Capitol Hill.
Exclusive: Mexico may force Slim’s America Movil to separate fixed unit – sources
MEXICO CITY (Reuters) – Mexico’s telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate part of his fixed-line unit Telmex from the rest of the company, people familiar with the matter said, a move that would intensify ant…
Business Watch: Starbucks’ Italian job
Starbucks CEO Howard Schultz wants to conquer Italy, the home of espresso, to fulfill a long-time dream of his. The world’s biggest coffee seller plans to debut in Milan late next year with a sprawling, super-premium Reserve Roastery.
