China’s anti-Teslas: cheap models drive electric car boom
BEIJING (Reuters) – More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan .
Dollar tumbles, bonds win as Trump trade fizzles
LONDON (Reuters) – The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump’s long-awaited news briefing provided little clarity on future fiscal policies, disappointing bulls who had bet on major stimulus.
Bayer says had productive meeting with Trump over Monsanto deal
FRANKFURT (Reuters) – German drugs and pesticides maker Bayer , which will need regulatory approval for its $66 billion deal to buy U.S. seeds giant Monsanto , said company chief executives had a productive meeting with U.S. president-elect Donald Trum…
India’s SpiceJet to seal $10 billion deal with Boeing for 737 jets: sources
SINGAPORE/NEW DELHI (Reuters) – India’s SpiceJet is set to seal an order for at least 90 new 737 jets from Boeing , two sources said on Thursday, as the low-cost carrier targets an expansion to tap into India’s booming air travel market.
Saudi energy minister: still expects Aramco IPO in 2018
ABU DHABI (Reuters) – Saudi Arabian Energy Minister Khalid al-Falih said on Thursday that he still expected national oil giant Saudi Aramco to conduct a public offer of its shares in 2018.
Novo Nordisk shares hit by U.S. lawsuit, Trump comments
COPENHAGEN (Reuters) – Danish drugmaker Novo Nordisk’s shares fell more than 5 percent on Thursday following the filing of a lawsuit against the company in the United States and also in response to U.S. President-elect Donald Trump’s criticism of drug…
Toyota president met Pence in Washington, company says
TOKYO (Reuters) – Toyota Motor Corp on Thursday said that company President Akio Toyoda met with U.S. Vice President-elect Mike Pence in Washington earlier this week as the incoming U.S. administration pressures automakers to build more cars locally.
U.S. property foreclosures at 10-year low in 2016
(Reuters) – Foreclosure proceedings affected nearly a million U.S. homes and other real estate last year, down 14 percent from 2015 and down 70 percent from the worst of the housing crisis in 2009, a report released Thursday shows.
China vehicle sales to grow 5 percent in 2017 as tax cut reduced
BEIJING(Reuters) – China’s vehicle sales jumped 13.7 percent in 2016, the fastest pace in three years, thanks to a tax cut on small-engine cars but growth is expected to slow this year as the incentive is reduced.
Samsung chief questioned by prosecutors in South Korea political scandal
SEOUL (Reuters) – Special South Korean prosecutors questioned the head of top conglomerate Samsung Group [SAGR.UL] on suspicion of bribery on Thursday in an influence-peddling scandal that led to President Park Geun-hye’s impeachment.
