Volkswagen to unveil 2025 strategy in mid-June: CEO
HANOVER, Germany (Reuters) – German carmaker Volkswagen will announce a new strategy in mid-June, Chief Executive Matthias Mueller said, according to excerpts of a speech seen by Reuters on Friday.
Fiat Chrysler shares hit by squabble with Germany over meeting
MILAN (Reuters) – Shares in Fiat Chrysler Automobiles fell on Friday after Germany’s transport minister criticized the car maker for not showing up at a meeting on emissions.
Ford to recall 48,700 EcoSport SUVs in India
NEW DELHI (Reuters) – Ford Motor Co has issued a voluntary recall of 48,700 EcoSport sport-utility vehicles (SUVs) in India to fix faulty fuel and brake lines and rear folding seats, the company’s local unit said in a statement on Friday.
Unsold U.S. retail inventory a challenge after dismal earnings season
CHICAGO (Reuters) – A pile-up of unsold inventory across U.S. retail chains is likely to squeeze profits further as stores struggle to make up for a weak first quarter marred by weak sales and share declines.
‘Risk-off flows’ from stocks as hawkish Fed spook funds: BAML
LONDON (Reuters) – Global investors remained risk-shy over the past week, pulling $5.8 billion from equity funds – the sixth straight weekly outflow – while pumping more money into bonds and precious metals, Bank of America Merrill Lynch (BAML) said on…
Dollar cruises to third weekly win, stocks bounce
LONDON (Reuters) – The dollar cruised to its third straight week of gains on Friday as stock and commodity markets showed signs that they might be able to manage another U.S. interest rate hike in the coming months.
Exclusive: Canadian PM Trudeau says C$30 billion budget gap figure not hard limit
OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau suggested on Thursday that a C$30 billion ($21 billion) budget deficit was not a hard limit as the government’s focus should be on spurring economic growth.
Ex-Dean Foods chairman, gambler charged for insider trading; Mickelson settles
NEW YORK (Reuters) – U.S. authorities on Thursday charged a former chairman of Dean Foods Co and a professional Las Vegas gambler with engaging in an insider trading scheme that netted more than $40 million and included a tip that benefited professiona…
Rush for ag-chem megadeals clogs regulatory path, worries farmers
WASHINGTON/CHICAGO (Reuters) – As Bayer AG joins the agricultural sector’s scramble to consolidate, its bid for Monsanto Co may be a tipping point for U.S. farmers, federal lawmakers and regulators concerned the tie-ups may harm the farm economy.
Valeant gets notice of default from bondholders
(Reuters) – Beleaguered Canadian drugmaker Valeant Pharmaceuticals International Inc said it received a notice of default from bondholders for the delay in filing its first-quarter report.
