Apple looking at cars, medical devices for growth: report
(Reuters) – Apple Inc is looking at cars and medical devices to diversify its sources of revenue as growth from iPhones and iPads slow, according to a San Francisco Chronicle report.
Boeing to place new 777x wing factory near jet’s assembly site
NEW YORK (Reuters) – Boeing Co said it would locate a new factory for building the wings of its forthcoming 777X jet in Everett, Washington, where it currently builds 777 jetliners.
Russian tycoon Vekselberg sets up Swiss board to manage assets
MOSCOW (Reuters) – Russian billionaire Viktor Vekselberg, who sold out of Anglo-Russian oil giant TNK-BP a year ago, is forming a new board for his Swiss-based investment vehicle made up of international executives to focus on global expansion, he said…
NY manufacturing growth slows in February: NY Fed
NEW YORK (Reuters) – A gauge of manufacturing in New York state slowed in February after hitting a 20-month high in January, the New York Federal Reserve said in a report on Tuesday.
Pratt, GE battle over billions in jet engine orders
NEW YORK (Reuters) – As the next generation of narrow-body airplanes takes to the skies later this year, makers of the new fuel-efficient engines that power them are battling for market share.
World shares get boost from Japan, yen lags
LONDON (Reuters) – World stocks just held on to gains on Tuesday as weakness in Europe took the shine off a sharp rise in Tokyo after the Bank of Japan pumped more stimulus into the economy, hitting the yen.
ECB’s Praet says reforms could see euro zone growth surprise on upside
LISBON (Reuters) – The European Central Bank has played a key role in stabilizing the euro zone but governments must now keep up economic reforms to allow growth in the bloc to “surprise on the upside”, a top ECB policymaker said on Tuesday.
Bank of Japan holds fire despite soft GDP, expands loan programs
TOKYO (Reuters) – The Bank of Japan maintained its expansionary monetary policy on Tuesday and extended special loan programs to help buoy economic growth, signaling its resolve to keep the positive mood generated by premier Shinzo Abe’s reflationary p…
European car sales up on gains in former crisis countries
FRANKFURT (Reuters) – European car sales rose 5.2 percent in January, with increases in previously crisis-hit countries such as Greece, Ireland, Italy and Portugal suggesting a recovery is gaining strength.
China January foreign direct investment rises in sign of confidence
BEIJING (Reuters) – China drew $10.76 billion in foreign direct investment (FDI) in January, up 16.1 percent from a year earlier, the Commerce Ministry said on Tuesday, a sign that confidence in the world’s second-largest economy remains firm even as g…
