By Amruta Khandekar and Matteo Allievi (Reuters) -European shares climbed on Wednesday after robust U.S. data soothed concerns about a steep economic slowdown, while investors awaited commentary from central bankers at a forum expected later in the day for further policy direction. The pan-European STOXX 600 index was up 0.6% by 0826 GMT, tracking overnight…
By Yantoultra Ngui and Phuong Nguyen SINGAPORE/HANOI (Reuters) – Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba Duong, is considering bringing in an investor into its automobiles arm Thaco Auto in a deal that could value the unit at around $5 billion, two people familiar with the matter said. Truong Hai Group is…
(Reuters) – European shares climbed on Wednesday after robust U.S. data soothed concerns about a steep economic slowdown, while investors awaited commentary from central bankers at a forum later in the day for further policy direction. The pan-European STOXX 600 index was up 0.5% by 0810 GMT, tracking Wall Street’s gains overnight after data showed…
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s top currency officials on Wednesday ramped up a warning against the yen’s current weakness, saying the authorities would respond appropriately if moves become excessive, repeating similar comments by the finance minister on Tuesday. Finance Minister Shunichi Suzuki said one-sided movements were seen in the yen’s slide,…
By Mohi Narayan (Reuters) -Oil prices edged higher on Wednesday after industry data showed a larger-than-expected drawdown of U.S. inventories, signalling robust demand from the world’s biggest oil consumer, but the gains were limited by worries over interest rate hikes. Brent crude futures rose 34 cents, or 0.47%, to $72.60 a barrel at 0626 GMT,…
TOKYO (Reuters) – Nissan Motor Co has decided to not fill in the chief operating officer position vacated by Ashwani Gupta under a new management structure, the Japanese automaker said on Wednesday. Responsibilities previously carried out by the operations chief will be taken over by other executives, it said. Hideyuki Sakamoto, executive vice president in…
TOKYO (Reuters) – Nissan Motor Co has decided to not fill in the chief operating officer position vacated by Ashwani Gupta under a new management structure, the Japanese automaker said on Wednesday. Responsibilities previously carried out by the operations chief will be taken over by other executives, it said. Hideyuki Sakamoto, executive vice president in…
SHANGHAI (Reuters) – Tesla is set to hit another record quarter with its China sales while it faces mounting pressure from local competitors such as BYD eating into its share in the world’s largest auto market, analysts say. The U.S. automaker could sell 155,000 cars in China during April to June, an increase of 13%…
By Max Hunder KRAMATORSK, Ukraine (Reuters) – A Russian missile struck a restaurant in the eastern Ukrainian city of Kramatorsk on Tuesday, killing at least eight people and wounding 56, emergency services said, as rescue crews combed the rubble in search of casualties. A second missile hit a village on the fringes of Kramatorsk, injuring…
By Steve Gorman LOS ANGELES (Reuters) -British-born actor Julian Sands, best known for his role in the Oscar-celebrated film “A Room with a View,” was confirmed dead on Tuesday, five months after he went missing while out for a hike in snow-covered mountains of Southern California. He was 65. Mostly skeletal human remains discovered by…
