Japan, U.S. report progress on trade talks, though Tokyo stands tough on rice
TOKYO (Reuters) – Japan and the United States reported progress in top-level trade talks on Sunday that could pave the way for a broader trans-Pacific trade deal, although Tokyo cautioned that a bilateral accord was unlikely in time for a summit next w…
Toyota to launch two hybrid cars in China this year
SHANGHAI (Reuters) – Toyota Motor Corp , the world’s largest automaker by sales volume, plans to launch two hybrid cars in China this year as part of efforts to launch vehicles that will help to reduce pollution in the country.
Euro working group to meet Wednesday, deal still sought: Greek official
ATHENS (Reuters) – Euro zone deputy finance ministers will meet midweek ahead of a Eurogroup finance ministers’ gathering two days later, a Greek government official told Reuters, as Athens and its creditors continue to seek a deal on reforms to unlock…
Oil slide slashes first-quarter profit, not investment plans at Saudi’s SABIC
RIYADH (Reuters) – Saudi Basic Industries Corp faces heavy pressure on its profits due to cheap oil but will keep investing globally to boost capacity in key areas, its acting chief executive said on Sunday after the company reported a 39 plunge in fir…
Foreign automakers double down on China bets despite slowing growth
SHANGHAI (Reuters) – Foreign automakers continue to plough money into factories in China, the world’s largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth.
For short-sellers in U.S. stocks, the agony just piles on
NEW YORK (Reuters) – In January 2014, veteran short-seller Bill Fleckenstein said he was readying a new fund to bet on falling stock prices. More than a year later, he’s still waiting to launch that fund.
Britain’s bank tax jump threatens to push HSBC, StanChart to new home
LONDON (Reuters) – HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big jump in a tax on UK banks makes staying in Britain increasingly painful.
Another crunch week in Greek bailout saga
LONDON (Reuters) – The threat posed by Greece beyond its borders may have diminished but efforts to agree an economic reform program to free up bailout funds and avert default will capture world attention this week.
Volkswagen exploring new budget models for China: exec
SHANGHAI (Reuters) – Volkswagen is exploring the possibility of developing budget sports utility vehicles (SUVs) and multi-purpose vehicles (MPVs) in China in a bid to keep up with shifts in the market, its China chief executive, Jochem Heizmann, said …
Comcast, Time Warner Cable to meet DoJ officials over merger: WSJ
(Reuters) – Representatives of Comcast Corp and Time Warner Cable Inc are preparing to meet U.S. Department of Justice officials to discuss competition concerns raised by the planned $45 billion merger of the two cable giants, the Wall Street Journal r…
