U.S. Commerce Department to place restrictions on China’s ZTE
LONDON (Reuters) – The U.S. Commerce Department is set to place export restrictions on Chinese telecoms equipment maker ZTE Corp for allegedly violating U.S. export controls on Iran, according to documents seen by Reuters.
VW chairman, CEO knew of defeat devices early: Bild
BERLIN (Reuters) – Volkswagen AG’s current chairman and chief executive were alerted by the carmaker’s former CEO to the use of illicit emissions-control software in the United States two weeks before the carmaker disclosed the scale of its manipulatio…
Chesapeake’s McClendon honored in Oklahoma waterfront ceremony
OKLAHOMA CITY (Reuters) – Friends, family and employees of Aubrey McClendon gathered at dawn on Saturday at Oklahoma City’s riverfront to pay their respects to the U.S. energy entrepreneur who died this week in a car crash, a day after being indicted o…
China aims to maintain growth pace, fend off unemployment in five-year plan
BEIJING (Reuters) – China faces a tough battle to keep its economy growing by at least 6.5 percent over the next five years while creating more jobs and restructuring inefficient industries, Premier Li Keqiang said as he opened China’s annual parliamen…
VW brand boss sees U.S. emission deal within months: paper
BERLIN (Reuters) – Volkswagen’s brand chief Herbert Diess said it will take months rather than weeks to reach an agreement with U.S. regulators on an emissions fix for 600,000 diesel cars, a newspaper reported on Saturday.
Fitch cuts Barclays Africa after parent says to sell down stake
JOHANNESBURG (Reuters) – Credit ratings agency Fitch downgraded South Africa’s Barclays Africa Group , citing a lower likelihood of support from the bank’s British parent as it sells down its stake.
China to invest $17 billion in Xinjiang projects: Xinhua
BEIJING (Reuters) – China plans to invest about $17 billion in 100 projects in the violence-prone far western region of Xinjiang, the official Xinhua news agency reported.
China lays out its vision to become a tech power
BEIJING (Reuters) – China aims to become a world leader in advanced industries such as semiconductors and in the next generation of chip materials, robotics, aviation equipment and satellites, the government said in its blueprint for development betwee…
Wall Street leans toward only two Fed rate hikes before year-end: Reuters poll
(Reuters) – A majority of Wall Street’s top banks now expect the Federal Reserve to raise interest rates only two more times by the end of the year, a downgrade of earlier expectations that may presage the Fed’s own revised view of its path when it mee…
Workers strike at ArcelorMittal Mexico plant over job cuts
MEXICO CITY (Reuters) – Workers at ArcelorMittal’s steel plant in western Mexico went on strike on Friday, the company and the national union said, as the industry grapples with a plunge in prices.
