Nissan CEO says no need to change Renault alliance after French government hikes stake
YOKOHAMA, Japan (Reuters) – Nissan Motor Co Ltd CEO Carlos Ghosn said on Monday there was no need to change the automaker’s capital alliance with Renault , after France raised its stake and voting rights in Renault last month.
Need a ride in busy Beijing? Dial-a-chopper takes off
BEIJING (Reuters) – A trial helicopter hailing service jointly launched by Chinese general aviation operator Reignwood Star Co Ltd and China’s biggest taxi hailing platform proved a hit at the weekend in the congested capital of Beijing, the operator s…
Bosses at manufacturer JCB say UK could be better off outside EU
LONDON (Reuters) – Top executives at one of the world’s largest makers of construction machinery have said Britain could be better off outside the European Union, a contrast with the view of many businesses which favor remaining in the bloc.
Toyota, Honda have best supplier relations in U.S. – study
DETROIT (Reuters) – For the fifth straight year, Toyota Motor Corp and Honda Motor Co topped a study of automakers with U.S. plants in supplier relations, helping them get the best parts at the lowest cost.
Amid China slowdown, foreign creditors face bankruptcy riddle
HONG KONG (Reuters) – As China’s economy slows and Beijing becomes more relaxed about letting its companies fail, a rising number of foreign bondholders risk being caught up in the country’s unpredictable court system.
U.S. airlines group expects busiest summer travel season ever
(Reuters) – Summer travel on U.S. airlines is expected to reach an all-time high this year on the wings of a strong U.S. economy, Washington-based trade group Airlines for America said on Monday.
China April home prices fuel hopes of bottoming out, but long road to recovery
HONG KONG (Reuters) – China’s new home prices fell for the eighth consecutive month in April from a year earlier but were flat from March, adding to hopes that a property downturn which is weighing heavily on the economy is beginning to bottom out.
Iran deputy oil min says OPEC unlikely to cut output
KUALA LUMPUR (Reuters) – The Organisation of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June, a senior Iranian official said on Monday.
Japan machinery orders rise, but weak outlook hampers economic rebound
TOKYO (Reuters) – Japan’s core machinery orders grew in March for the first time in two months but they are seen slipping in the current quarter, suggesting that weak capital spending could further sap momentum from an economy struggling to rebound fro…
Target to give less priority to top packaged food suppliers: WSJ
(Reuters) – Retailer Target Corp has informed top suppliers of packaged foods, such at Kraft Foods Group Inc , that it plans to put less money into promoting their products in favor of fresher, healthier foods, the Wall Street Journal reported on Sunda…
