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Updated: 1 hour 29 sec ago

Exclusive: British Lotus cars to be 'Made in China' at new Geely plant: documents

14 hours 50 min ago
The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed.
Categories: Financial Media

Asia shares falter on China unease, pound finds some peace

16 hours 45 min ago
Asian share markets faltered on Thursday as unease over China's economic outlook eroded early gains, though an anti-climactic end to the latest chapter in the Brexit saga did offer sterling a moment's peace.
Categories: Financial Media

S&P cuts rating on PG&E unit in third such cut this month

18 hours 36 min ago
S&P cut its rating on PG&E Corp's Pacific Gas & Electric Co unit on Wednesday, making it the third such cut this month, after the unit missed interest payments on its 2040 senior notes.
Categories: Financial Media

Asia shares edge up, pound gets moment's peace

Wed, 01/16/2019 - 23:58
Asian shares crept higher on Thursday as upbeat bank earnings bolstered Wall Street, while an anti-climactic end to the latest chapter in the Brexit saga gave sterling a moment's peace.
Categories: Financial Media

John Bogle, Vanguard founder and low-cost investing pioneer, dies at 89

Wed, 01/16/2019 - 23:49
John Bogle, whose family's struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world's biggest mutual fund firm, died on Wednesday at the age of 89, Vanguard said.
Categories: Financial Media

Boeing-Lockheed's Vulcan rocket design 'nearly fully mature'

Wed, 01/16/2019 - 23:31
A joint venture between Boeing Co and Lockheed Martin Corp will conduct the final design review for its new flagship Vulcan rocket within months, it said on Wednesday, as the aerospace company heads for a showdown with Elon Musk's SpaceX and others in the launch services market.
Categories: Financial Media

In Papua New Guinea, Exxon's giant LNG project fuels frustration

Wed, 01/16/2019 - 23:25
From her red-roofed home near Papua New Guinea's capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp to liquefy billions of dollars' worth of natural gas before it is shipped to Asian buyers.
Categories: Financial Media

Germany considering ways to exclude Huawei from 5G auction: report

Wed, 01/16/2019 - 22:55
The German government is actively considering stricter security requirements and other ways to exclude China's Huawei Technologies [HWT.UL] from a buildout of fifth-generation (5G) mobile networks, the Handelsblatt newspaper reported.
Categories: Financial Media

Trump 'inclined' to impose new U.S. auto tariffs: senator

Wed, 01/16/2019 - 22:49
U.S. President Donald Trump is likely to move ahead with tariffs on imported vehicles, a move that could prompt the European Union to agree a new trade deal, said Senate Finance Committee Chairman Charles Grassley on Wednesday.
Categories: Financial Media

Upbeat bank earnings send Wall Street to one-month highs

Wed, 01/16/2019 - 22:20
Wall Street's major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.
Categories: Financial Media

Apple plans some hiring reductions after selling fewer iPhones: Bloomberg

Wed, 01/16/2019 - 22:09
Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.
Categories: Financial Media

Sterling up after May wins confidence vote; stocks climb

Wed, 01/16/2019 - 21:34
Major world stock indexes rose on Wednesday, with the S&P 500 supported by sharply higher U.S. bank shares after strong earnings, while the pound was up after British Prime Minister Theresa May's government won a confidence vote in parliament.
Categories: Financial Media

Airbus says ministers signal optimism Britain will avoid 'no-deal Brexit'

Wed, 01/16/2019 - 21:32
The chief executive of European planemaker Airbus said on Wednesday British ministers had expressed a "certain degree of optimism" that Britain would not leave the European Union without a transition deal.
Categories: Financial Media

Bombardier CEO sees decision on loss-making CRJ jet this year

Wed, 01/16/2019 - 21:06
Bombardier Inc aims to make a decision this year on the future of its CRJ regional jet as it "aggressively" pursues new orders to secure its industrial future, the Canadian planemaker's chief executive said on Wednesday.
Categories: Financial Media

French government calls for Renault board meeting to replace Ghosn

Wed, 01/16/2019 - 21:05
French Finance Minister Bruno Le Maire said on Wednesday the government had requested a Renault board meeting in coming days to replace the company's scandal-hit Chairman and Chief Executive Carlos Ghosn.
Categories: Financial Media

Wall Street gains, fueled by bank earnings

Wed, 01/16/2019 - 21:04
Wall Street's major indexes hit one-month highs on Wednesday as upbeat earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.
Categories: Financial Media

Citi says female employees earn 29 percent less than men

Wed, 01/16/2019 - 21:02
Citigroup's female employees earn 29 percent less than their male counterparts, the Wall Street bank revealed on Wednesday, while announcing targets for appointing more women and minorities to senior roles.
Categories: Financial Media

Hyundai, Kia issue new U.S. recall of 168,000 vehicles for fire risks

Wed, 01/16/2019 - 20:52
Hyundai Motor Co and affiliate Kia Motors Corp said on Wednesday they will recall about 168,000 U.S. vehicles at risk of fuel leaks, after recalling them in 2017 for engine fire risks, and will offer software upgrades for 3.7 million vehicles.
Categories: Financial Media

U.S. lawmakers introduce bipartisan bills targeting China's Huawei and ZTE

Wed, 01/16/2019 - 20:50
A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws.
Categories: Financial Media

U.S. investigating Huawei for alleged trade secret theft: WSJ

Wed, 01/16/2019 - 20:50
Federal prosecutors are investigating Huawei Technologies, the world's largest telecommunications equipment maker, for allegedly stealing trade secrets from U.S. businesses and could soon issue an indictment, the Wall Street Journal reported on Wednesday.
Categories: Financial Media