U.S. industrial output falls, signals weak first-quarter GDP growth
WASHINGTON (Reuters) – U.S. industrial production fell more than expected in March as manufacturing output dropped by the most in a year and mining maintained its downward trend, the latest indication that economic growth braked sharply in the first qu…
Fiat Chrysler CEO says can build Tesla Model 3 rival if makes business sense
AMSTERDAM (Reuters) – Fiat Chrysler Automobiles (FCA) could build an Italian-style rival to Tesla’s Model 3 within 12 months if the electric carmaker can prove the vehicle makes business sense, FCA Chief Executive Sergio Marchionne said on Friday.
Fiat Chrysler CEO sees only Toyota, VW, Ford as merger candidates
AMSTERDAM (Reuters) – Toyota , Volkswagen and Ford are the only remaining potential merger candidates for Fiat Chrysler , since its attempt to join up with GM was rebuffed, Chief Executive Sergio Marchionne said on Friday.
Despite pay revolt, BP shareholders sticking with Dudley
LONDON (Reuters) – The future of Bob Dudley at the head of BP seems untarnished by shareholders’ unusual rejection of his pay package as 99.6 percent of them also backed his re-appointment and trust him to lead the company through a period of weak oil…
GM recalls 1.04 million pickup trucks worldwide to repair seat belts
WASHINGTON (Reuters) – General Motors Co said Friday it is recalling nearly 1.04 million newer pickup trucks for a seat belt flaw.
Jeweler Bulgari sees brighter prospects for second half of year
LONDON (Reuters) – Bulgari, the flagship jewelry brand of luxury industry leader LVMH , sees growth picking up in the second half of the year after sales suffered following the attacks in Paris in November.”If we keep that traction through the summer, …
Stocks, dollar and oil cool ahead of Doha meeting
LONDON (Reuters) – Reassuring Chinese GDP data helped stocks, commodity markets and the dollar consolidate strong weekly gains on Friday, as the focus turned to a meeting of top oil producers about a potential output freeze.
Italy’s Atlas fund struggles to stop sky falling on banks
MILAN (Reuters) – Italy has dubbed its new bank bailout fund Atlas, after the mythical Greek titan, because it is meant to hold up the sky above the nation’s lenders. But some of the fund’s own investors doubt that it can do the job.
Komodo commerce: e-tailers battle in Southeast Asia
SINGAPORE/JAKARTA (Reuters) – With its $1 billion buy of online retailer Lazada, Alibaba has signaled Southeast Asia as a regional e-commerce battleground – with 600 million people, and no shortage of logistical headaches.
Kremlin says sorry to Goldman Sachs, German paper over Panama Papers slip-up
MOSCOW (Reuters) – The Kremlin on Friday apologized to U.S. investment bank Goldman Sachs and German newspaper Suddeutsche Zeitung, saying aides had mistakenly informed President Vladimir Putin that the American bank owned the newspaper.
