Audi to buy back 25,000 diesel Q7 models in U.S.: Der Spiegel
FRANKFURT (Reuters) – Volkswagen’s premium division Audi will buy back 25,000 diesel engined cars in the United States to compensate owners whose cars do not meet exhaust emission standards, German weekly Der Spiegel said on Friday.
Burberry and Coach not in active merger talks: sources
PARIS (Reuters) – Britain’s Burberry and U.S. firm Coach > are not in active merger talks, sources familiar with the matter said on Friday, in reaction to a report that suggested the two fashion companies were considering a tie-up.
Dollar hits seven-month high, global stocks set for weekly rise
LONDON (Reuters) – Global stocks were set for their first weekly gain in four weeks on Friday and the dollar rose to its highest since March, as the euro came under pressure after the European Central Bank shot down talk of a tapering of its asset purc…
No partner in sight, Twitter faces tough solo choices
SAN FRANCISCO/BOSTON (Reuters) – The apparent lack of interest in Twitter Inc by potential suitors may force the social media company to consider a route anathema to aspiring tech startups: a major restructuring and cutting some its nearly 4,000 employ…
EU extends LSE-Deutsche Boerse merger review until March 6
BRUSSELS (Reuters) – EU antitrust regulators have extended their review of the proposed $28 billion merger between of Deutsche Boerse and the London Stock Exchange by three weeks after the exchanges asked for more time.
British talks with Nissan ongoing over future investment: PM’s spokesman
LONDON (Reuters) – Talks between the British government and Nissan are ongoing over a future investment from the Japanese carmaker into its plant in Sunderland, northeast England, a spokesman for Prime Minister Theresa May said on Friday.
U.S. mall investors set to lose billions as retail gloom deepens
NEW YORK (Reuters/IFR) – The dramatic shift to online shopping that has crushed U.S. department stores in recent years now threatens the investors who a decade ago funded the vast expanse of brick and mortar emporiums that many Americans no longer visi…
Nissan says no plans to raise Mitsubishi Motors stake now, may in future
TOKYO (Reuters) – Nissan Motor Co Ltd on Friday said it had no plans at the moment to increase its shares in Mitsubishi Motors Corp from its current 34 percent, while leaving the door open to raise its stake in the future.
Cautious Western insurers rebuild business ties with Iran
LONDON (Reuters) – Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions ten months on from the lifting of international sanctions.
ZTO spurns huge China valuations for benefits of U.S. listing
HONG KONG (Reuters) – Chinese logistics company ZTO Express is turning up the chance of a much more lucrative share listing at home in favor of an overseas IPO that lets its founder retain control and its investors cash out more easily.
