Global factory growth stumbles as demand falters
LONDON/BEIJING (Reuters) – Manufacturers across Europe and Asia changed down a gear last month as falling demand from abroad hurt Chinese output and European factory growth dipped from January’s 2-1/2 year high.
Exclusive: New Peugeot boss may seek more cost savings after 2016
PARIS (Reuters) – French carmaker PSA Peugeot Citroen may seek more cost savings after 2016, on top of the 1.5 billion euros ($2.1 billion) of annual savings it already plans to achieve by the end of 2015, new Chief Executive Carlos Tavares said on Mon…
Exclusive: Peugeot CEO eyes positive cashflow by 2016 at latest
PARIS (Reuters) – PSA Peugeot Citroen expects to achieve positive free cash flow “no later than 2016,” the troubled French carmaker’s new Chief Executive, Carlos Tavares, said on Monday.
China’s manufacturing, services sectors diverge in February
BEIJING (Reuters) – China’s services sector regained some momentum in February but its manufacturing sector struggled, separate surveys showed on Monday, with the divergence adding to the difficulty in assessing the strength of the economy at the start…
Franco-German thinkers offer Euro-treaty alternative
To judge by the short-term crisis management and late-night bailouts by governments in the euro zone turmoil of the last four years, it is tempting to conclude that Europe’s thinkers have had scant influence on policy.
Ferrari returns to turbo as supercar makers face up to emissions rules
GENEVA (Reuters) – Italy’s Ferrari has mounted a turbocharged engine on its latest supercar for the first time in more than two decades, as even luxury automakers are forced to seek ways to cut emissions without sacrificing performance.
Julius Baer curbed CEO pay after shareholder disapproval in 2012
ZURICH (Reuters) – Julius Baer paid Chief Executive Boris Collardi 11 percent less last year than in 2012, including a voluntary cut after shareholders rejected his pay package last year.
Gap Inc seeks new berth in China with Old Navy
SHANGHAI (Reuters) – When Gap Inc began an online campaign ahead of the launch its Old Navy label in China, the iconic U.S. clothes retailer posed an important question to its potential Chinese consumers: have you heard of Old Navy? Only a few had.
FAA seeks new safety measures for Boeing 737 planes: report
(Reuters) – U.S. aviation regulators on Monday plan to propose improving cockpit automation to help prevent pilot errors that have caused fatal airline crashes, according to a media report.
China HSBC manufacturing PMI hits seven-month low in February
BEIJING (Reuters) – China’s factory activity shrank again in February as output and new orders fell, a private survey found on Monday, reinforcing concerns of a slowdown in the world’s second largest economy.
