Three workers injured in accident at Kia plant in Mexico
MONTERREY (Reuters) – Three workers were injured at a new Kia Motors factory in northern Mexico on Saturday, after one fell into a sewer ditch and two others attempted a rescue but were also hurt, the head of emergency services said.
Volkswagen group to phase out more than 40 car models: report
FRANKFURT (Reuters) – Volkswagen will stop producing more than 40 car models in the coming years as part of a new strategy by Europe’s biggest automaker, German newspaper Handelsblatt reported on Saturday.
Greece could lift capital controls by year-end: bank association head
ATHENS (Reuters) – Greece could lift most or all capital controls imposed at the height of the euro zone crisis by the end of the year, the head of the country’s banking association said on Saturday.
China developer Vanke buys Shenzhen Metro unit for $6.9 billion
HONG KONG (Reuters) – China Vanke, the mainland’s biggest property company by sales, said it will acquire a unit of Shenzhen Metro Group for 45.6 billion yuan ($6.9 billion) via a new share issue, making the state-owned subway operator its largest shar…
China home prices rise faster in May as smaller cities join rally
HONG KONG (Reuters) – Sizzling home price rises in China’s biggest cities showed signs of easing in May but sharp gains appeared to be spreading to smaller cities, making policymakers’ job harder as they look to support the faltering economy without in…
U.S. regulator approves IEX as national stock exchange
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission has approved alternative trading group IEX Group Inc’s request to launch a new U.S. public stock exchange, in a move likely to intensify arguments over current market structure.
Ex-Countrywide CEO Mozilo will not face U.S. fraud case: sources
NEW YORK (Reuters) – Former Countrywide Financial Corp CEO Angelo Mozilo and other executives will not face a U.S. Justice Department lawsuit for defrauding investors in mortgage-backed securities issued before the 2008 financial crisis, people familia…
U.S. sees China investment talks ‘productive’ after new offers: USTR
WASHINGTON (Reuters) – Bilateral investment talks between the United States and China “continue to be productive,” the U.S. Trade Representative’s office said on Friday after the two sides exchanged new offers this week.
Wall St. ends week on down note as Apple weighs
(Reuters) – Wall Street ended lower on Friday as Apple dragged down major indexes and investors girded for Britain’s vote next week on its European Union membership.
Orlando attacks renew focus on security at smaller U.S. businesses
CHICAGO (Reuters) – While mass shooting attacks are on the rise, smaller U.S. businesses remain reluctant to invest in more physical security measures such as metal detectors or extra guards even though events like the Orlando massacre prompt a surge i…
