China April HSBC PMI shows biggest drop in factory activity in a year
BEIJING (Reuters) – China’s factories suffered their fastest drop in activity in a year in April as new orders shrank, a private business survey showed on Monday, hardening the case for fresh stimulus measures to halt a slowdown in the world’s second-l…
VW board will discuss recruitment of new chairman: sources
BERLIN/HAMBURG (Reuters) – Volkswagen’s supervisory board will on Monday discuss finding a new chairman to fill the void left by Ferdinand Piech’s shock departure last month, sources told Reuters.
Pension, labor disputes dog Greek talks as cash dwindles
ATHENS/BRUSSELS (Reuters) – Wide differences over pension and labor reforms continued to dog intensive negotiations between Greece’s leftist government and its international creditors despite progress in other areas as the country’s cash position becom…
Stock futures edge higher ahead of U.S. factory data
(Reuters) – U.S. stock index futures were higher on Monday ahead of data that is expected to show demand for U.S. manufactured goods rose in March, sending factory orders up and signaling that the sector is strengthening despite a stronger dollar.
Greece aims for deal with lenders, IMF hard on reforms: minister
ATHENS (Reuters) – Greece intends to meet debt payments this month and reach a deal with its international lenders to unlock remaining bailout aid, but the International Monetary Fund insists on tough labor reforms, the country’s labor minister said on…
German data leads Europe shares higher, dollar steadies
LONDON (Reuters) – European shares rose on Monday, led higher by Germany after upbeat factory activity, while the dollar steadied following signs the U.S. economy may be emerging from a recent soft patch.
Tesla faces competition for customers, subsidies
LOS ANGELES (Reuters) – Tesla Motors Inc’s plan to generate new revenue by repackaging electric car batteries as home and business power storage systems faces stiff competition for both customers and the government subsidies that are critical to the market’s growth.
UBS and Credit Suisse could combine investment banks -investor
ZURICH (Reuters) – (In last paragraph, corrects to show Knight Vinke’s stake is below the disclosure threshold so cannot be verified; also adds Knight’s confirmation of comments in May 3 story)
Qatar Airways’ plans to boost flights may rile U.S. airlines
NEW YORK (Reuters) – Qatar Airways on Monday said it plans to expand its services to the United States, in a move that likely will trigger a backlash from U.S. airlines that accuse it of competing unfairly through state subsidies.
TomTom CEO says its maps destined for use in self-driving cars
AMSTERDAM (Reuters) – Dutch navigation company TomTom aims to become a main provider of technology for self-driving cars as it charts its way back to success after seven lean years, chief executive Harold Goddijn said.
