BMW to develop driverless car technology with Intel, Mobileye
FRANKFURT (Reuters) – BMW is teaming up with Intel and Mobileye to develop new technology for the auto industry that could put self-driving cars on the road by around 2021.
Fed’s Fischer watching how quickly Brexit unfolds: CNBC
WASHINGTON (Reuters) – The U.S. economy has shown signs of improvement in recent weeks but the Federal Reserve expects it will take some time before it can assess the impact of Britain’s vote to leave the European Union, Fed Vice Chair Stanley Fischer …
German financial watchdog opens whistleblower bureau
FRANKFURT (Reuters) – German financial watchdog Bafin is opening a new office on Monday dedicated to corporate whistleblowers, aiming to encourage more business insiders to expose wrongdoing.
Japan’s Mitsui aims to triple profit from energy, metals to $2 billion by 2020
TOKYO (Reuters) – Japan’s Mitsui & Co plans to invest in natural resource assets, taking advantage of weak commodity prices, with an aim to more than triple its annual profit from the energy and metals segments to around $2 billion by 2020, its chief executive said.
ING planning Europe-wide website as one-stop shop for customers
PARIS (Reuters) – ING Group is working on a Europe-wide platform enabling customers to handle all their bank accounts, including money transfers, in one place, in response to upcoming rule changes and growing competition from non-bank rivals such as A…
Bond yields sink as central banks head for easier policy
LONDON (Reuters) – The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in yea…
Deutsche Telekom to launch divestment of German mobile towers: sources
FRANKFURT (Reuters) – Deutsche Telekom is preparing the sale of its German wireless towers in a potential 5 billion euro ($5.5 billion) deal as it seeks to free up cash for investments to upgrade its European broadband network, sources close to the ma…
Exclusive: BP-Exxon impasse blocks renewal of giant Azeri oil deal – sources
LONDON (Reuters) – U.S. oil major Exxon Mobil and Britain’s BP are at loggerheads over a giant oil production deal with Azerbaijan, blocking renewal of what was once called “the contract of the century”, three high-level industry sources told Reuters…
JPMorgan wins approval to open three new branches in India
MUMBAI (Reuters) – JPMorgan Chase & Co said on Friday it has won approval from India’s central bank to open three more branches in the country even as most foreign banks are scaling back their operations in India.
European factories bounce as Asia struggles, but Brexit poses threats
LONDON/SYDNEY (Reuters) – Factories across Europe enjoyed a buoyant month in June but that growth could be under threat after Britons voted to leave the European Union last week, surveys conducted almost entirely before the historic referendum showed.
