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Updated: 17 min 11 sec ago

Game of chicken: GM bets on Mexican-made pickup trucks

Mon, 01/15/2018 - 1:43pm
SILAO, Mexico/DETROIT (Reuters) - General Motors Co's assembly plant in Silao, a city in Mexico's automotive heartland, cranked out more than 400,000 highly profitable, large pickup trucks last year, and is critical to the launch of a new generation of Chevrolet Silverado trucks later this year.

Ryanair wants to buy parts of Austrian airline Niki

Mon, 01/15/2018 - 12:54pm
VIENNA (Reuters) - Irish airline Ryanair said on Monday it had contacted the Austrian administrator of insolvent holiday airline Niki to express its interest in buying some of its assets.

Oil hovers around $70, clouded by rise in U.S. output

Mon, 01/15/2018 - 12:51pm
CALGARY, Alberta (Reuters) - Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of "red flags" due to surging U.S. production.

U.S. automakers bet on diesel trucks after VW scandal

Mon, 01/15/2018 - 12:46pm
DETROIT (Reuters) - U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG's 2015 diesel emissions scandal.

Citi to raise pay for women and minorities in U.S., UK, Germany

Mon, 01/15/2018 - 12:08pm
(Reuters) - Citigroup Inc will increase compensation for women and minorities to bridge pay gaps in the United States, the United Kingdom and Germany, as part of its annual pay process this year, the Wall Street bank said on Monday.

Britain's Carillion collapses after banks pull the plug

Mon, 01/15/2018 - 11:37am
LONDON (Reuters) - Carillion collapsed on Monday when its banks pulled the plug, triggering Britain's biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to road works.

Carillion collapse hits banks and investors, boosts short sellers

Mon, 01/15/2018 - 11:37am
LONDON (Reuters) - Leading British lenders including Barclays, the Royal Bank of Scotland and Lloyds Banking Group face the prospect of hundreds of millions of pounds in outstanding loans going unpaid from Carillion's collapse on Monday.

America Last? EU says Trump is losing on trade

Mon, 01/15/2018 - 11:31am
BRUSSELS (Reuters) - The European Union's trade tsar has no idea what Donald Trump will tell his audience at the World Economic Forum in Davos next week, but she is clear what the EU's message to the U.S. president will be.

UK government seeks to limit damage after Carillion collapses

Mon, 01/15/2018 - 10:31am
LONDON (Reuters) - Britain's Carillion collapsed on Monday after its banks lost faith in the construction and services company, forcing the government to step in to guarantee major public works contracts.

Airbus wins 2017 order race after last-gasp sales spree

Mon, 01/15/2018 - 10:13am
PARIS (Reuters) - Frenetic selling in the closing weeks of 2017 saw Airbus overhaul Boeing's recent lead in the global jet market to win their annual order contest for a fifth year in a row, though doubts remain over the future of its flagship A380.

BMW optimistic on favorable outcome to NAFTA talks

Mon, 01/15/2018 - 9:53am
FRANKFURT (Reuters) - BMW is optimistic Washington's drive to renegotiate the North American Free Trade Agreement (NAFTA) will result in a deal that benefits the German carmaker, it said on Monday.

Investors see few silver linings in Carillion collapse

Mon, 01/15/2018 - 8:37am
LONDON (Reuters) - Investors struggled to find buying opportunities after the collapse of British construction and support services company Carillion on Monday, underscoring how risks have piled up for the whole industry.

German carmakers eye further U.S. market share gains in 2018-VDA

Mon, 01/15/2018 - 8:10am
DETROIT (Reuters) - German automakers expect to continue to grow market share in the United States this year thanks to a raft of new models, even as demand in the world's second largest car market is seen falling again slightly, Germany's VDA industry lobby said.

HNA wins loan deadline extension to proceed with Hong Kong property project

Mon, 01/15/2018 - 7:55am
HONG KONG (Reuters) - Chinese conglomerate HNA Group's [HNAIR.UL] Hong Kong International Investment unit has negotiated a six-month deadline extension for a loan linked to a land parcel in Hong Kong as its parent contends with growing debt challenges.

Lloyd's of London to open Brussels unit in early 2019: CEO

Mon, 01/15/2018 - 6:34am
HONG KONG (Reuters) - Insurance market Lloyd's of London [SOLYD.UL], an integral part of the British business scene since the 17th century, is on track to start operations at its Brussels unit next January, its chief executive said on Monday.

Legendary U.S. investor Boone Pickens closes energy hedge fund after setbacks

Mon, 01/15/2018 - 6:06am
(Paragraph 6 of this JAN. 12 story has been corrected after HSBC said the Andurand Commodities Fund gained 2.2 pct in 2017, instead of losing 4.47 pct)

Noble Group nets less than expected from oil unit sale to Vitol

Mon, 01/15/2018 - 6:03am
LONDON (Reuters) - Struggling commodities trader Noble Group has completed the sale of its U.S.-focused oil business to the world's largest oil trader Vitol, but net proceeds from the deal are lower than a previously announced estimate, the company said on Monday.

Oil hovers below $70 highs, clouded by rise in U.S. output

Mon, 01/15/2018 - 5:26am
LONDON (Reuters) - Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production.

Euro hits three-year high as Europe leads global optimism

Mon, 01/15/2018 - 5:08am
LONDON (Reuters) - The euro hit a fresh three-year high on Monday as optimism around growth buoys expectations of tighter policy from central banks, while the chance of a pro-European coalition in Germany also boosted confidence in the continent.

Airbus aims to seize jet production crown from Boeing in 2020

Mon, 01/15/2018 - 4:45am
PARIS (Reuters) - Airbus is three years away from recovering leadership of the commercial aircraft market by outproducing U.S. rival Boeing , its top planemaker predicted on Monday.