WASHINGTON (Reuters) – U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019. FILE PHOTO – Assembly workers work on the underside of 2015 Ford Mustang
ZURICH (Reuters) – A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS (UBSG.S) as they look to diversify their investments in a volatile U.S. political landscape, a senior executive at the Swiss group told Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen in St.
BARCELONA (Reuters) – Traditional advertising groups hope that their creative flair will prevail against the technological clout of consultancies encroaching on their business, but there are signs the two sides of the divide are moving closer together. FILE PHOTO: WPP’s logo hangs on the wall outside the company’s offices in London, Britain April 30, 2018.
WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) plans to spend 44 billion euros ($50 billion) on electric cars, autonomous driving and new mobility services by 2023 and explore closer cooperation with Ford, the German company said on Friday. FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga, Latvia
LONDON (Reuters) – European stocks slipped again and sterling and the euro remained fragile on Friday, as one the most dramatic twists yet in the Brexit process compounded another turbulent week for world markets. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 9, 2018. REUTERS/Staff London,
FILE PHOTO: Danske Bank flags flutter at the bank’s Estonian branch in Tallinn, Estonia August 3, 2018. REUTERS/Ints Kalnins/File Photo COPENHAGEN (Reuters) – U.S. criminal investigators have requested information from Deutsche Bank, Bank of America and JPMorgan about transactions they handled for Danske Bank’s Estonia branch, which is at the center of a money laundering
JOHANNESBURG (Reuters) – U.S. Deere & Co (DE.N) expects to see demand for its farm equipment in Africa grow 8 to 10 percent annually in the coming years, driven by expansion in key markets like Ethiopia and Zimbabwe, a local company executive said. FILE PHOTO: A worker uses a John Deere tractor to spray a
FILE PHOTO: A sign is displayed on the building Blackberry’s offices in Waterloo, Ontario, Canada, May 29, 2018. REUTERS/Mark Blinch (Reuters) – BlackBerry Ltd said on Friday it will acquire Cylance, an artificial intelligence and cybersecurity company, for $1.4 billion in cash to help expand its QNX unit that makes software for next-generation autonomous cars.
SHANGHAI/BEIJING (Reuters) – China’s stubbornly weak credit growth has spurred talk of its first cut in benchmark lending rates in three years, but economists and policy insiders say concerns about a potential knock to its currency will likely give the central bank pause. FILE PHOTO: A Chinese national flag flutters outside the headquarters of the
SINGAPORE (Reuters) – Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged. FILE PHOTO: A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin Brent crude oil
FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga, Latvia April 6, 2018. REUTERS/Ints Kalnins FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board is due to vote on a multi-billion euro investment plan on Friday, including steps to retool three German plants to mass produce electric cars and
SYDNEY (Reuters) – Asian share markets turned mixed on Friday as hopes for a thaw in the Sino-U.S. trade standoff were tempered by disappointing results from U.S. chipmaker Nvidia Corp which slugged the tech sector. An employee of a foreign exchange trading company works in front of monitors in Tokyo, Japan November 7, 2018. REUTERS/Toru
SINGAPORE (Reuters) – Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged. FILE PHOTO: A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin U.S. West Texas
SHANGHAI (Reuters) – Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses. FILE PHOTO: Investors look at computer screens showing stock information on the first trading day after the New Year holiday at
SINGAPORE (Reuters) – Investors in the British pound remained on edge in early Asian trade on Friday after the currency suffered a tumultuous slide overnight on fears the country could crash out of the European Union without a divorce deal. FILE PHOTO: British five pound banknotes.November 14, 2017. REUTERS/Benoit Tessier/File Photo Both the and the
FILE PHOTO – The logo of Bombardier is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker (Reuters) – The Canadian province of Quebec’s securities watchdog said on Thursday it asked Bombardier Inc (BBDb.TO) to halt stock trades under a