Volkswagen-SAIC Venture To Close Manual Transmission Plant In China
BERLIN (Reuters) – A manual transmission plant owned by Volkswagen’s joint venture with SAIC Motors will close next March, the…
2022
U.S. Senator Plans Ticketmaster Hearing This Year
WASHINGTON (Reuters) – Congress plans to hold a hearing on Ticketmaster, prompted by problems with Taylor Swift ticket sales this…
China’s JD.com Says Worst Is Over For Consumer Demand
(Reuters) -E-commerce firm JD.com Inc posted an 11.4% rise in third-quarter revenue on Friday, beating analysts’ estimates as COVID-19 lockdowns…
Relief meets fear as UK budget calms economy but brings pain
LONDON (AP) — Britain’s Conservative government on Friday defended its decision to hike taxes for millions of working people in…
Moody’s Closing Its Consulting Business In China, Cutting Staff -sources
HONG KONG (Reuters) -Moody’s Corp is shutting its China consulting business and is laying off people associated with the unit…
From Apollo To DZ Bank, Funds Snap Up Bargains In UK Pension Scramble
By Nell Mackenzie LONDON (Reuters) – Credit funds at Blackstone, Apollo, DZ Bank and Astra Asset Management picked up bargains…
Tesla Recalls About 30,000 Model X Cars Over Airbag Issue
(Reuters) – Tesla Inc has recalled nearly 30,000 Model X cars over an issue that may cause the front passenger…
Lagarde warns ECB may do more to rates than remove stimulus
FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde warned Friday that the bank may have to raise interest…
Cathay Pacific Airways Expects Loss To Narrow In Second Half
(Reuters) – Hong Kong’s Cathay Pacific Airways Ltd said on Friday its fiscal 2022 second-half results are expected to improve…
China’s Property Prices To Rise In 2023, Sales To Fall More Slowly: Reuters Poll
BEIJING (Reuters) – China’s property sector will remain weak but will see a gradual recovery in 2023, economists said in…