Trump assails GM over car production in Mexico, threatens tax
DETROIT/WASHINGTON (Reuters) – President-elect Donald Trump on Tuesday threatened to impose a “big border tax” on General Motors Co for making some of its Chevrolet Cruze compact cars in Mexico, an arrangement the largest U.S. automaker defended as pa…
Oil business seen in strong position as Trump tackles tax reform
WASHINGTON (Reuters) – Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump’s cabinet is studded with oil champions sensitive to the risk of higher gasoline…
Intel to take stake in German mapping firm HERE in automated driving push
FRANKFURT (Reuters) – U.S. chip maker Intel will take a 15 percent stake in German digital mapping firm HERE, it said on Tuesday, as it seeks to build its presence in automated driving technology.
U.S. manufacturing, construction sectors shine as year ended
WASHINGTON (Reuters) – U.S. factory activity accelerated to a two-year high in December amid a surge in new orders and rapidly rising raw material prices, indicating that some of the drag on manufacturing from prolonged dollar strength and a slump in o…
EU regulators delay ChemChina/Syngenta merger decision to April 12
BRUSSELS (Reuters) – European Union antitrust regulators have extended the deadline for a decision on ChemChina’s proposed buy of Swiss pesticides and seeds group Syngenta by 10 working days to April 12.
Icahn sweetens offer for Federal-Mogul for third time
(Reuters) – Billionaire Carl Icahn’s investment firm, Icahn Enterprises LP , sweetened its offer for a third time to buy shares of Federal-Mogul Holdings Corp it does not already own.
VW faces first legal test case over emissions in Germany
BERLIN (Reuters) – German consumer rights champion myRight filed the first legal test case against Volkswagen in Germany on Tuesday, raising pressure on the carmaker to compensate customers in Europe over the emissions scandal.
Oil hits 18-month highs as markets eye output cuts
LONDON (Reuters) – Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.
Trump names China critic Lighthizer as U.S. trade representative
WASHINGTON (Reuters) – U.S. President-elect Donald Trump on Tuesday named Robert Lighthizer, an official in the Reagan administration and harsh critic of China’s trade practices, to be his chief trade negotiator, responsible for better deals aimed at r…
Fincantieri’s bid for STX France approved by South Korean court
SEOUL/PARIS (Reuters) – A South Korean court approved Italy’s Fincantieri on Tuesday as the preferred bidder to buy shipbuilder STX France, helping Fincantieri move closer to a deal that could boost its position in the cruise ship-building market.
