Iraq’s oil contracts make joining OPEC output cut more painful
LONDON/BAGHDAD (Reuters) – Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters, further reducing the prospect it will join any OPEC deal to curb th…
Oil prices fall as strong dollar wipes out OPEC cut optimism
SEOUL (Reuters) – Oil prices fell on Friday as a strengthening U.S. dollar beat back renewed hope that OPEC might finally agree production cuts.
China SUV wars to heat up as Volkswagen unveils two new models
GUANGZHOU, China (Reuters) – Volkswagen AG unveiled two sport-utility vehicles for the Chinese market on Friday, the first in a planned wave of new models for a booming segment where it has lagged rivals.
Volkswagen to cut 30,000 jobs at VW brand by 2021: source
WOLFSBURG, Germany (Reuters) – German carmaker Volkswagen and its labor unions have agreed to 30,000 job cuts by 2021 at its VW brand as part of a plan to boost profitability and fund a shift to electric and self-driving cars after its emissions scand…
JPMorgan has clutch of CEO understudies, people guessing on winner
NEW YORK (Reuters) – JPMorgan Chase & Co is once again facing questions about who will succeed its larger-than-life chief executive after Jamie Dimon was courted by the incoming U.S. president for the role of Treasury secretary.
Snap’s youthful founders show no fear in race to IPO
SAN FRANCISCO (Reuters) – Snap Inc, the red-hot messaging company, is seen by many tech investors as the next Facebook or Google, but its youthful founders are pushing far more aggressively than its predecessors in moving from scrappy startup to public…
Ford tells Trump no Lincoln SUV production going to Mexico
WASHINGTON (Reuters) – U.S. President-elect Donald Trump said Ford Motor Co Executive Chairman Bill Ford Jr told him the automaker would not move a Kentucky plant to Mexico, but the firm said it informed him the decision was to keep one vehicle in U.S….
Toyota says testing Mirai fuel-cell vehicle in China
GUANGZHOU, China (Reuters) – Toyota Motor Corp is testing its Mirai fuel-cell vehicle in China, the head of the Japanese automaker’s China business, Hiroji Onishi, said on Friday at the Guangzhou auto show.
Venezuela food company Polar says owner barred from flying to Ecuador
CARACAS (Reuters) – Venezuelan food company Polar, the South American nation’s largest private firm, on Thursday said its owner had been barred from flying to Ecuador on a company plane for a business conference and denounced “harassment” by the state….
Deloitte chairman says will continue to invest ‘hugely’ in UK
LIMA (Reuters) – Deloitte will continue to invest in Britain and has no plans to withdraw, its global chairman told Reuters on Thursday, following media reports that the consultancy firm might move work if the post-Brexit stance on immigration were too…
