Political jitters keep euro, French debt under pressure
LONDON (Reuters) – Political uncertainty ahead of European elections prompted nervous investors to sell the euro and kept lower-rated euro zone debt under pressure on Wednesday while the price of safe-haven gold hit three-month highs.
Exclusive: White House eying executive order targeting ‘conflict minerals’ rule – sources
WASHINGTON (Reuters) – President Donald Trump is planning to issue an executive order targeting a controversial Dodd-Frank rule that requires companies to disclose whether their products contain “conflict minerals” from a war-torn part of Africa, accor…
Hyundai may source car batteries from China amid political tension
SEOUL (Reuters) – Hyundai Motor said on Wednesday it may procure electric vehicle batteries from Chinese companies for a planned China model after South Korean battery makers failed to make a list of approved vendors last year.
Japan’s Sharp may break ground on $7 billion U.S. plant in first half: source
TOKYO (Reuters) – Japanese display maker Sharp Corp may start building a $7 billion plant in the United States in the first half of 2017, taking the lead on a project initially outlined by its Taiwanese parent Foxconn, a person with knowledge of the pl…
Disney CEO Iger says he is open to extending his term
(Reuters) – Chief Executive Bob Iger said on Tuesday he is open to extending his term as the head of Walt Disney Co , offering investors a sign of potential stability at the media company as it reported a dip in quarterly advertising at ESPN.
Wall Street edges up as Nasdaq sets record high
(Reuters) – The S&P 500 ended barely higher on Tuesday while the Nasdaq managed to scratch out a new record as gains in big tech names countered energy declines.
Oreo maker Mondelez’s sales, profit miss estimates
(Reuters) – Mondelez International Inc , the maker of Oreo cookies and Cadbury chocolates, reported lower-than-expected holiday-quarter sales and profit due to a strong dollar that eroded the value of sales outside the United States.
Takata to plead guilty February 27: court documents
WASHINGTON (Reuters) – Japan’s Takata Corp is set to plead guilty Feb. 27 in federal court in Detroit to a single felony count of wire fraud to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16…
Revamping Dodd-Frank a ‘this-year priority’: U.S. lawmaker
WASHINGTON (Reuters) – The chairman of the U.S. Financial Services Committee told CNBC on Tuesday that revamping the 2010 Dodd-Frank Wall Street reform law remained a “this-year priority” for President Donald Trump, Vice President Mike Pence and House …
Exclusive: Italian diesel probe omitted key tests for Fiat Chrysler models
PARIS/MILAN (Reuters) – Fiat Chrysler vehicles were allowed to skip key tests for illegal engine software during Italy’s main emissions-cheating investigation in the wake of the Volkswagen scandal, according to the transport ministry’s own report.
