Clinton warns of a ‘Trump recession’ in speech on U.S. economy
WASHINGTON (Reuters) – Democrat Hillary Clinton said on Tuesday that if Republican rival Donald Trump wins the White House, it will be a disaster for the U.S. economy, warning that the “the king of debt” would cause a “Trump recession.”
Rosneft’s Sechin says Saudi Arabia, U.S. and Russia call shots on oil markets
MOSCOW (Reuters) – Igor Sechin, the head of Russia’s top oil producer Rosneft, said on Tuesday that Saudi Arabia, the United States and Russia were the three main players on global oil markets, dismissing again OPEC’s role as a regulator.
Altice may seek more U.S. growth after Cablevision deal
(Reuters) – Netherlands-based telecom company Altice NV may not be done seeking U.S. growth through acquisitions, an Altice executive said, after the European group completed a $17.7 billion deal to buy Cablevision Systems Corp on Tuesday.
United expects $3.1 billion a year from no-frills airfare, fewer delays
(Reuters) – United Continental Holdings Inc will generate billions of dollars from no-frills fares, fewer delayed flights, cost cuts and other efforts, the airline said on Tuesday.
U.S. banks tell trading clients to brace for UK vote
(Reuters) – U.S. banks including Bank of America Corp and Morgan Stanley are warning clients about the potential for extreme price moves as Britain prepares to vote on its membership of the European Union (EU).
German watchdog urges prosecutors to probe entire former Volkswagen board
FRANKFURT (Reuters) – Germany’s financial watchdog has called on prosecutors to investigate Volkswagen’s entire former management board over the time it took to disclose the carmaker’s emissions test cheating, a person familiar with the matter told Re…
Fiat Chrysler to phase out air bag inflators subject to recall by 2019
WASHINGTON (Reuters) – Fiat Chrysler Automobiles said Tuesday it will halt the use of an air bag inflator without a drying agent that will be subject to a future recall, and will notify new car owners at the time of sale.
Exclusive: Jaguar Land Rover could face 1-billion-pound Brexit hit – sources
LONDON (Reuters) – Jaguar Land Rover, Britain’s biggest carmaker, estimates its annual profit could be cut by 1 billion pounds ($1.47 billion) by the end of the decade if Britain leaves the European Union, according to two sources familiar with the com…
LafargeHolcim CEO faces ‘day of reckoning’ after share slide
ZURICH (Reuters) – Top shareholders in LafargeHolcim are backing Chief Executive Eric Olsen despite a share plunge of nearly half since France’s Lafarge and Switzerland’s Holcim merged last July to create the world’s biggest cement maker.
Samsung Electronics says to invest $1.2 billion in U.S. for ‘internet of things’
SEOUL (Reuters) – Samsung Electronics Co Ltd , the world’s top smartphone maker, said on Tuesday it plans to invest about $1.2 billion in the United States over the next four years on so-called internet of things (IoT) technologies.
