Once rivals, Honda, Yamaha Motor announce scooter tie-up
TOKYO (Reuters) – Japan’s Honda Motor Co Ltd and Yamaha Motor Co Ltd on Wednesday said they were joining forces to develop scooters for the domestic market, burying the hatchet on a decades-old rivalry and consolidating production in response to a sh…
ECB ‘taper’ talk hits stocks, sterling hits 31-year low
LONDON (Reuters) – The prospect of the European Central Bank eventually winding down its bond-buying stimulus program rattled investors on Wednesday, dragging stocks lower in Europe and Asia and pushing up government bond yields.
Electric car revolution brightens outlook for a medley of metals
LONDON (Reuters) – Electric cars such as the Nissan Leaf may look no different from the standard family runaround. But the new materials that go into them could revolutionize the market for metals used in the industry, opening up a new field for commod…
Even with rising wages, robot revolution skips restaurants
LOS ANGELES/SAN FRANCISCO (Reuters) – Clamshell grills are making burger flipping obsolete at McDonald’s, Johnny Rockets and other burger chains. Digital kiosks, tabletop tablets and mobile phones are taking orders at eateries like Panera, Chili’s Grill & Bar and Domino’s. And at Silicon Valley start-up Zume, robots are being programmed to take over pizza assembly.
Fed’s Evans “fine” with Dec hike if data stays firm
AUCKLAND (Reuters) – Chicago Federal Reserve Bank President Charles Evans said he would be “fine” with raising U.S. interest rates by year end if U.S. economic data continued to come in firm, though any further moves would need to see inflation acceler…
Fed’s Evans says ‘fine’ with December hike if data stays firm
AUCKLAND (Reuters) – Chicago Federal Reserve Bank President Charles Evans said on Tuesday he would be “fine” with raising U.S. interest rates by year end if U.S. economic data continued to come in firm, though any further moves would need to see inflat…
Samsung Electronics to make Qualcomm Snapdragon 830 chips: Electronic Times
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd will be the sole contract manufacturer for Qualcomm Inc’s next high-end Qualcomm Snapdragon chips, South Korea’s Electronic Times reported on Wednesday citing unnamed sources.
Sterling tumbles to 31-year low; oil up, stocks slip
NEW YORK (Reuters) – Sterling slumped to a 31-year low versus the U.S. dollar on Tuesday as concerns over Britain’s separation from the European Union were compounded by renewed strength of the greenback on a recent string of better-than-expected econo…
Proposed U.S. anti-inversion rules enter final review
WASHINGTON (Reuters) – U.S. regulations, proposed by the Treasury to crack down on companies that try to reduce taxes by rebasing abroad, have begun a White House review and could be finalized shortly, officials said on Tuesday.
U.S. regulators say will review Wall Street ‘living wills’
WASHINGTON (Reuters) – Leading U.S. banks on Tuesday submitted updated “living wills” to regulators who must decide whether Wall Street firms can be unwound without taxpayer help or should be broken up.
