China says Iran joins AIIB as founder member
BEIJING (Reuters) – Iran has been accepted as a founding member of the China-led Asian Infrastructure Investment Bank (AIIB), Chinese state news agency Xinhua reported late on Tuesday.
Oil rallies on U.S. data, bullish EIA monthly report
NEW YORK (Reuters) – Oil futures rallied on Tuesday and U.S. crude approached 2015 highs on strong jobs data and government forecasts for lower U.S. crude production growth and higher global demand for oil.
Vietnam’s bikers race to upgrade as auto sales explode
HANOI (Reuters) – Hoang Hai turned his back on a Vietnamese business that was headed for bankruptcy and became a driving instructor instead. Now he is riding a wave of interest in car ownership as the country’s trend-setting middle class swaps two whee…
Wall Street ends down, dollar gains offset deal news optimism
NEW YORK (Reuters) – U.S. stocks ended slightly lower on Tuesday, reversing course late in the session as strength in the dollar offset optimism about deal news.
FedEx to buy TNT for $4.8 billion to take on rivals in Europe
AMSTERDAM (Reuters) – FedEx Corp is to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion euros ($4.8 billion), stepping up the challenge to rivals United Parcel Service and Deutsche Post in Europe.
Mercedes, Nissan expand cooperation to build pickup
FRANKFURT (Reuters) – Daimler AG on Tuesday said it would expand its cooperation with partner Nissan Motor Co Ltd to develop a mid-sized pickup truck for Mercedes-Benz as the German premium automaker seeks to narrow its sales gap with rival BMW.
Euro zone price discounting drives growth in activity
LONDON (Reuters) – Price discounting drove growth in all of the euro zone’s major economies in March, helping business activity increase at its fastest rate for nearly a year, a survey showed on Tuesday.
U.S. jobs opening data points to skills mismatch
WASHINGTON (Reuters) – U.S. job openings surged to a 14-year high in February but a steady pace of hiring suggested employers are having trouble finding suitable workers, a trend that could put upward pressure of wage growth.
Controllers’ strike to hit some Air France flights Wednesday
PARIS (Reuters) – Air France will cancel 40 percent of medium-haul flights on Wednesday due to an air traffic controllers’ strike, the domestic French network of Air France-KLM said on Tuesday.
Boeing beats Airbus in first quarter net orders, deliveries
PARIS (Reuters) – U.S. planemaker Boeing beat European rival Airbus in net new orders and deliveries in the first quarter, according to figures released on Tuesday.
