Aston Martin eyeing U.S. for crossover SUV production: report
DETROIT (Reuters) – Aston Martin will decide whether add production at another plant by the end of the year and it would likely be in the United States, the British luxury sports car maker’s chief executive told Automotive News.
Pernod prepares to take Cuban-made rum to the United States
HAVANA/PARIS (Reuters) – French drinks giant Pernod Ricard is poised to sell its Cuban-made rum in the United States once a 53-year-old trade embargo is lifted, going head-to-head with Cuban-founded Bacardi which dominates the world’s biggest market.
Oil prices slip on dollar rally, ample supply
LONDON (Reuters) – Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen.
Investors cut U.S. equity exposure to lowest since January ’08: survey
LONDON (Reuters) – International investors slashed their exposure to U.S. equities in May to its lowest in over seven years, while maintaining the euro zone as their leading stock market destination, a closely watched survey said on Tuesday.
Banks delay UK investment on EU doubts, Deutsche weighs plans
FRANKFURT/LONDON (Reuters) – A number of banks have put off possible investments in Britain until after a referendum on its future in the European Union, a lobby group said on Tuesday, after Deutsche Bank revealed it was considering cutting down its UK…
JPMorgan sees second-quarter slowdown in investment banking
London (Reuters) – Investment banking revenues in the second quarter for eight of the top banks could fall 15 percent from the previous quarter, as income from rates trading tumbles, JPMorgan analysts said on Tuesday.
Euro, bond yields tumble as ECB hints at faster pre-summer buying
LONDON (Reuters) – The euro tumbled on Tuesday and the region’s stocks and bonds jumped after the European Central Bank signalled it would speed up its 1 trillion euro bond-buying programme for the next two months ahead of an expected summer lull.
Airbus orders checks on A400M engine system after crash
PARIS (Reuters) – Airbus Defense & Space on Tuesday ordered engine software checks on the A400M aircraft following a recent crash of Europe’s new military transporter.
Vodafone’s return to growth hints at wider sector recovery
LONDON (Reuters) – Britain’s Vodafone posted a rise in quarterly sales for the first time in nearly three years on Tuesday in the clearest sign yet that Europe’s mobile market is edging towards recovery.
Shell receives $529 million offer for French LPG business from DCC
LONDON (Reuters) – Shell has received a 464 million euro ($529 million) binding offer for its Butagaz liquefied petroleum gas (LPG) business in France from DCC , marking the next step in the Anglo-Dutch oil major’s drive to sell downstream assets.
