interest rate rise, China’s economic slowdown or Europe’s refugee crisis, the World Trade Organization said on Wednesday.The WTO’s forecast implies growth will quicken this year, from 2.
PRAGUE (Reuters) - Skoda Auto, a unit of Volkswagen (VOWG_p.DE), has not registered any deviations in the production, sales or orders of its models, newspaper Hospodarske Noviny on Wednesday quoted a spokesman for the Czech carmaker as saying.
FRANKFURT (Reuters) - The Porsche-Piech family clan, which owns a majority of the voting rights in Volkswagen (VOWG_p.DE), strongly support finance chief Hans Dieter Poetsch to become supervisory board chairman, a source close to the families said.
WASHINGTON (Reuters) - U.lawmakers on Tuesday asked Volkswagen AG (VOWG_p.
The German automaker’s new chief executive, Matthias Mueller, said Tuesday VW customers would need to have those diesel cars “refitted.regulators said the German automaker likely will have to come up with two sets of solutions for two different emission-control systems installed on 482,000 U.
DETROIT (Reuters) - The United Auto Workers union on Tuesday threatened a strike in five days at a key plant making the company’s most important model, the F-150 pickup truck, due to disagreements on a new “local” labor contract, the UAW’s Ford chief said.S.
LUXEMBOURG (Reuters) - Cargolux is in talks with Boeing to buy five more 747-8F freighter jets, the head of Europe’s largest all-freight carrier said on Tuesday.Plans for ‘Cargolux China’ are expected to be finalised before the end of the year with a view to starting flights in early 2017, Reich said in an interview.
JOHANNESBURG/LONDON (Reuters) - Glencore said on Tuesday it was strong enough to ride out current volatility in commodity markets, helping to lift the mining group’s shares by a fifth.The Swiss-based company said its business remained operationally and financially robust and it was confident in the medium and long-term fundamentals of its commodities, which include copper and coal.
(Reuters) - AT&T Inc may take a charge estimated at $1.The plunging value of Venezuela’s currency cut nearly $3 billion in profit at U.
LOS ANGELES (Reuters) - Whole Foods Markets Inc WFM.The Austin, Texas-based grocer, which is also investing in technology upgrades, said the cuts will be managed through natural attrition.
O) said it was changing the way it reported financial results to reflect its emphasis on cloud and mobile businesses.The Productivity and Business Processes will include Office and Office 365 as well as its Dynamics and Dynamics CRM (customer relationship management) online software.
Chief executive Ivan Glasenberg had to bow to shareholder pressure this month by agreeing to cut debt as worries mounted over the firm’s ability to protect its credit rating.5 billion through a share placement, part of a wider plan to cut its net debt.
O) said on Monday it had sold more than 13 million iPhone 6s and 6s Pluses during their first weekend of availability in 12 markets, setting a record for its marquee product.“Topping what the iPhone 6 achieved looks like a tall order, even for Apple, with its history of outdoing itself,” he said.
An Airbus spokesman said it did not comment on rumours about individual executives.He was speaking after closing the Paris Airshow with a trademark deal to sell 110 planes to Hungary’s Wizzair (WIZZ.
BERLIN/HAMBURG (Reuters) - The supervisory board of Volkswagen’s (VOWG_p.DE) Porsche business may name the sports-car maker’s production chief Oliver Blume as the division’s new chief executive this week, two people familiar with the matter told Reuters on Monday.
(Reuters) - Horizonte Minerals said on Monday it had bought Glencore’s Araguaia nickel project in Brazil for $8 million.“This is a game-changing transaction for Horizonte.
regulator overseeing the replacement of Takata Corp 7312.T air bags is considering an order that would expand the recalls and has contacted seven manufacturers who could be affected, including Volkswagen AG (VOWG_p.
Meanwhile Thiam has said he plans to use his engineering background to take a hard-nosed look at efficiency.MI), are also going through the process, but new CEOs are under pressure to come in with a fresh view to take bold action.
BR) could bid about $106 billion for SABMiller SAB.L within days, with an opening offer expected as early as Monday morning, the Sunday Times reported.
House Speaker John Boehner on Friday reduces the chances of a government shutdown next week, potentially removing one source of investor anxiety as Wall Street gears up for a week heavy with economic data and commentary by Federal Reserve policymakers.“This significantly reduces the probability of a government shutdown next week,” Goldman Sachs economists said in a note to clients on Friday.