Tesla says Model 3 on track for volume production by September
SAN FRANCISCO (Reuters) – Tesla Inc said on Wednesday its mass-market Model 3 sedan was on track for volume production by September, encouraging investors who see the electric vehicle as the avenue to profitability for the young company.
PSA boss says Opel deal would find ‘speedy’ savings
PARIS (Reuters) – PSA Group’s proposed acquisition of Opel would swiftly create savings and value from the General Motors European division’s turnaround and complementary brands, the French carmaker’s Chief Executive Carlos Tavares said on Thursday.
Stocks near highs, dollar drifts after Fed see hike ‘fairly soon’
LONDON (Reuters) – World stocks held near record highs on Thursday and the dollar eked out minimal gains after minutes of the latest U.S. Federal Reserve meeting showed policymakers in no big hurry to raise interest rates.
Chemchina extends tender offer for Syngenta to April 28
ZURICH (Reuters) – China National Chemical Corporation (ChemChina) has extended until April 28 its $43 billion tender offer for Swiss pesticides and seeds group Syngenta , it said on Thursday.
Disrupting the disruptors: Singapore rattles sharing economy with rule change
SINGAPORE (Reuters) – Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia.
Trump to seek jobs advice from firms that offshore U.S. work
WASHINGTON (Reuters) – President Donald Trump, who has vowed to stop U.S. manufacturing from disappearing overseas, will seek job-creation advice on Thursday from at least five companies that are laying off thousands of workers as they shift production…
Olympics, smartphones push Twitter revenue up 30 percent in Brazil
SAO PAULO (Reuters) – Twitter Inc has found a bright spot in Brazil, Latin America’s largest economy, even as weak advertising sales across the globe have punished the social network’s stock in recent weeks.
Crude oil rises after report shows drop in stockpiles
TOKYO (Reuters) – Oil futures rose nearly 1 percent on Thursday after data released by an industry group showed a surprise decline in U.S. crude stocks as imports fell, lending support to the view that a global glut is ending.
Mnuchin says dollar strength reflects confidence in U.S. economy: WSJ
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Wednesday praised the strong dollar as a reflection of confidence in the U.S. economy, telling The Wall Street Journal in an interview that it was “a good thing” in the long run.
Prudential may hit Wells Fargo for account scandal costs-filing
(Reuters) – Prudential Financial Inc, the target of probes and lawsuits related to whether Wells Fargo & Co retail bankers improperly sold its insurance, may press the bank to cover costs it has run up because of the flap, according to a filing.
