Volkswagen plant to cut working hours at Passat plant due to seat supply problem
FRANKFURT (Reuters) – Volkswagen plans to reduce working hours at a German plant making Passat cars because of problems with supplies from its in-house seat manufacturer Sitech.
RBS says main office would move if Scotland were independent: BBC
EDINBURGH (Reuters) – Royal Bank of Scotland would move its main office from Scotland if the nation were to split from the UK after Britain’s vote to leave the European Union, although moving domicile would not mean major job losses, the head of RBS h…
China shares hit seven-month high; world yields keep falling
LONDON (Reuters) – World shares set up camp at one-year peaks on Monday as a rally in Chinese stocks helped offset news that Japan’s economic growth had ground to a halt last quarter, while oil prices extended their latest rally.
‘Grumpy hold-outs’ could sink Bitfinex recovery plan after Bitcoin theft
HONG KONG (Reuters) – Crypto-currency exchange Bitfinex’s plan to impose losses on all its trading clients for the theft by hackers of $72 million in Bitcoin rests on two flawed pillars, according to lawyers.
China central bank: yuan’s global acceptance to be driven by market
BEIJING (Reuters) – The internationalization of the yuan has exceeded people’s expectations and its global acceptance will be driven by market forces, Yi Gang, a China central bank vice governor, said on Monday.
NYSE sees double-digit Asian IPOs through 2017, with focus on tech
HONG KONG (Reuters) – The New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit IPOs through the end of 2017 from the region, the exchange’s global head of capital markets said in an i…
KKR weighs bid for ‘Peppa Pig’ owner Entertainment One: Bloomberg
(Reuters) – Private-equity firm KKR & Co may bid for television distributor Entertainment One Ltd after the owner of the preschool cartoon character “Peppa Pig” rejected an offer from UK broadcaster ITV Plc , Bloomberg reported on Sunday.
Sharp shares up more than 10 percent after Foxconn completes stake purchase
TOKYO (Reuters) – Shares of Sharp Corp soared more than 10 percent in early trade on Monday after the company said that Taiwan’s Foxconn completed its takeover.
Nissan revolution: could new petrol engine make diesel obsolete?
ATSUGI, Japan (Reuters) – Japanese automaker Nissan Motor Co has come up with a new type of gasoline engine it says may make some of today’s advanced diesel engines obsolete.
Bangladesh officials to meet Fed, U.S. investigators over heist: sources
(Reuters) – A team from Bangladesh will meet officials of the Federal Reserve Bank of New York, the Federal Bureau of Investigation and the U.S. Department of Justice this week in New York in connection with the cyber theft of $81 million from the Sout…
