Google faces record three billion euro EU antitrust fine: Telegraph
LONDON (Reuters) – Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said.
Chinese ride-hailing giant Didi plans U.S. IPO in 2018: source
(Reuters) – Ride-hailing service Didi Chuxing, Uber Technologies Inc’s main rival in China, is working toward an initial public offering in the United States that would likely take place in 2018, a person with knowledge of the plan said on Monday.
Apple’s Cook visits Beijing after China woes, Didi deal
BEIJING (Reuters) – Apple Inc Chief Executive Tim Cook visited Beijing on Monday, days after announcing a $1 billion deal with ride-hailing app Didi Chuxing, and as the U.S. firm tries to reinvigorate sales in China, its second-largest market after the…
South Korea says Nissan manipulated emissions, proposes fine and recall
SEOUL (Reuters) – South Korea said it would punish Nissan Motor Co with a fine and a recall of its Qashqai diesel sport utility vehicles after accusing it of manipulating emissions, an allegation that the Japanese automaker denied.
European shares drop, oil jumps on Goldman view
LONDON (Reuters) – European shares fell in subdued trade on Monday, unable to maintain the momentum of Asian stocks that shrugged off sub-par Chinese economic data to eke out modest gains.
Nissan, FCA lag in study of North American auto supplier relations
DETROIT (Reuters) – Fiat Chrysler Automobiles and Nissan Motor Co are lagging behind top North American competitors in the health of their working relationships with suppliers, an annual study found on Monday.
Boeing’s 787 Dreamliner faces new challenge: slow sales
SEATTLE (Reuters) – Boeing Co’s high-tech 787 Dreamliner has had its share of trouble, from early production delays to batteries that smoked and burned, grounding the worldwide fleet for months in 2013.
Fiscal constraints mean BOJ likely to keep helicopter grounded
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda likes to keep markets guessing by saying one thing and doing another, but, when it comes to ruling out “helicopter money” to reanimate the economy, officials and close associates say he almost ce…
North American appetite for platinum jewelry flourishes
LONDON (Reuters) – Buoyant North American demand is a rare bright spot for the global platinum jewelry market after a sharp drop in prices boosted jewelers’ margins, driving up consumption of the white metal by more than a third over the last six years…
Carl Icahn’s fund moves to large bearish stance: Barron’s
NEW YORK (Reuters) – The net short position of an investment fund run by billionaire Carl Icahn sharply increased at the end of the first quarter, meaning he could be one of the biggest beneficiaries if financial markets crash, Barron’s reported over t…
