VW talks with union break down, leaving costs deal in limbo
BERLIN (Reuters) – Volkswagen’s talks with unions over the implementation of its turnaround plan were broken off on Monday, both sides said, leaving in limbo a deal on cost-cutting following the carmaker’s damaging diesel emissions scandal.
Boeing, machinists face off over union at South Carolina plant
NEW YORK/NORTH CHARLESTON, S.C. (Reuters) – Boeing Co faces its first union vote on Wednesday at its aircraft factory in South Carolina, a high-profile test for organized labor in the nation’s most strongly anti-union state.
Burger King, Tim Hortons owner’s profit more than doubles
(Reuters) – Restaurant Brands International Inc , the owner of Burger King and Tim Hortons, reported a quarterly profit that more than doubled from a year ago, when it recorded a one-time charge related to the merger of the two brands.
Fake receipts at Glencore warehouse unit triggered sector credit freeze, Qingdao shivers: sources
MELBOURNE (Reuters) – Some global banks briefly froze credit lines for Singapore metal traders last month after a unit of commodities giant Glencore uncovered fake warehousing receipts, people familiar with the matter said, reviving the specter of a $3…
‘Trump trades’ on boost to economic growth come back with a bang
LONDON (Reuters) – World stocks and bond yields rose on Monday, lifted by a re-emergence of so-called “Trump trades” as investors bet that the U.S. president’s tax reform plans will boost economic growth and corporate profits.
Exclusive: China mulls radical output cuts, port coal ban in war on smog – document
BEIJING (Reuters) – China is considering forcing steel and aluminum producers to cut more output, banning coal in one of the country’s top ports and shutting some fertilizer and drug plants as Beijing intensifies its war on smog, a draft policy documen…
Toshiba prepares to unveil nuclear hole, other perils threaten
TOKYO (Reuters) – Toshiba Corp will on Tuesday detail a writedown of close to $6 billion after bruising cost overruns at its U.S. nuclear arm, turning investor attention to the Japanese group’s efforts to fix that and other balance sheet headaches.
Exports prop up Japan fourth quarter GDP growth, U.S. protectionist risks loom
TOKYO (Reuters) – Japan’s economy grew for a fourth straight quarter in the final three months of last year as a weaker yen supported exports, but tepid private consumption and the risks of rising U.S. protectionism cast doubts over a sustainable recov…
Hyundai Motor hires former GM researcher to lead self-driving car center
SEOUL (Reuters) – Hyundai Motor Group has hired a former General Motors researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating efforts on the fast-growing technology.
UK employers worry that EU workers will leave this year: survey
LONDON (Reuters) – More than a quarter of employers in Britain say staff members from other European Union countries have considered leaving their firms or the country in 2017 after last year’s Brexit vote, an industry group said on Monday.
