Brazil’s iPhone investment falls short on promises of jobs, lower prices
ITU, Brazil (Reuters) – The Brazilian iPhone was meant to mark a new era.
China’s March exports shrink 15 percent year-on-year in shock fall
BEIJING (Reuters) – China’s export sales contracted 15 percent in March, a shock outcome that deepens concern about sputtering Chinese economic growth.
Weak China trade data hammers Aussie, weighs on Europe shares
LONDON (Reuters) – A shock fall in Chinese exports hammered the Australian dollar on Monday, though expectations of fresh economic stimulus from Beijing helped Asian stocks higher
Yum’s upmarket China diner seeks recipe for revival
SHANGHAI (Reuters) – Dimmed lights and colonial-style balconies give little indication that trendy Shanghai eatery Atto Primo is part of global fast-food giant Yum Brands Inc , owner of the KFC and Pizza Hut brands.
GM mulls $1 billion renovation of technical center near Detroit: Bloomberg
NEW YORK (Reuters) – General Motors Co is considering plans to spend as much as $1 billion renovating its Technical Center, a facility that is more than 50 years old, Bloomberg reported.
Airbus needs more time to decide on A380 changes: paper
PARIS (Reuters) – Airbus will not abandon its A380 jumbo jet program despite slow sales, its chief executive told Les Echos newspaper, and needs more time to decide whether to redesign its engines as major customer Emirates Airline has requested.
IEA sees sharp rise in Iran oil output in 3-5 years post nuclear deal
NEW DELHI (Reuters) – World oil markets will not see a significant rise in Iranian supplies for up to five years even if the OPEC member and world powers clinch a final nuclear deal by end-June, Fatih Birol chief economist and future head of Internatio…
Italy pins hopes on Milan Expo after corruption, delays
MILAN (Reuters) – Three weeks before the Milan Expo opens on May 1, the site of the showpiece event is still a mass of trucks raising dust and workers in hard hats racing to finish building after delays, graft and cost overruns.
Volkswagen chairman appears isolated on board after CEO criticism
BERLIN/STUTTGART, Germany (Reuters) – Volkswagen Chairman Ferdinand Piech is facing growing resistance within the supervisory board to his criticism of Chief Executive Martin Winterkorn, deepening a leadership crisis at a time when Europe’s largest car…
Greek finance ministry hits back at German newspaper report
ATHENS (Reuters) – Greece’s finance ministry dismissed on Sunday a report by a German newspaper which said that euro zone officials were shocked at Greece’s failure to outline plans for structural reforms at last week’s talks in Brussels.
