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Updated: 16 min 23 sec ago

Softbank plans $18 billion IPO of mobile phone unit as soon as spring: Nikkei

Sun, 01/14/2018 - 5:45pm
TOKYO (Reuters) - SoftBank Group Corp plans to list its core mobile-phone unit in Tokyo and overseas as early as this spring, raising some 2 trillion yen ($18 billion) in one of Japan's biggest initial public offerings, the Nikkei newspaper said on Monday.

VW brand car sales hit 6.23 million record in 2017

Sun, 01/14/2018 - 3:05pm
DETROIT (Reuters) - Volkswagen's core autos division increased vehicle sales to a new record last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe.

Airbus in talks on 70-80 million euro deal to end German probe: paper

Sun, 01/14/2018 - 7:10am
FRANKFURT (Reuters) - Airbus is in talks with German prosecutors to end an investigation into the sale of Eurofighter jets to Austria in exchange for a settlement of between 70 million and 80 million euros ($85 million to $98 million), a German newspaper reported.

Airbus offers 70-80 million euro settlement to end German probe: paper

Sun, 01/14/2018 - 6:25am
FRANKFURT (Reuters) - Airbus is in talks with German prosecutors to end an investigation into the sale of Eurofighter jets to Austria in exchange for a settlement of between 70 million and 80 million euros ($85 million to $98 million), a German newspaper reported.

Ford unveils future Ranger pickup for segment rivals dominate

Sun, 01/14/2018 - 12:10am
DETROIT (Reuters) - Ford Motor Co on Sunday will officially take the wraps off its long-awaited Ranger midsize pickup truck, a year ahead of its arrival in showrooms, as rivals consolidate positions in a segment Detroit automakers once gave up for dead.

After emissions scandal, Volkswagen on U.S. comeback trail with all-new Jetta

Sun, 01/14/2018 - 12:03am
DETROIT (Reuters) - Volkswagen will launch an all-new Jetta compact car, its biggest seller in America, at the Detroit Auto Show on Sunday as the German carmaker looks to revive sales in the world's second-largest auto market and move on from the emissions scandal that has tarnished its reputation over the past few years.

China to step up banking oversight in 'arduous' fight on financial risks

Sat, 01/13/2018 - 9:48pm
BEIJING (Reuters) - China will step up oversight in the banking sector this year to reduce financial risks, the country's banking regulator said, stressing that long-term efforts would be needed to control banking sector chaos.

GM executives defend NAFTA, Mexican truck plant

Sat, 01/13/2018 - 9:12pm
DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra expressed optimism on Saturday that the North American Free Trade Agreement would survive, and other senior GM executives stood by the company's plans to continue building trucks in Mexico.

Airbus ordered to pay 104 million euros to settle Taiwan missile dispute

Sat, 01/13/2018 - 12:32pm
PARIS (Reuters) - Airbus said on Saturday it had been ordered to pay 104 million euros in fines over a missile sale to Taiwan in 1992, the latest French arms company to reach a settlement over disputes arising from one of France's biggest ever arms sales.

Airbus says in talks to end German Eurofighter investigation

Sat, 01/13/2018 - 11:38am
PARIS (Reuters) - Airbus said on Saturday it was in talks with Munich prosecutors that could lead to the termination of their investigation into alleged corruption in the sale of Eurofighter combat jets to Austria in 2003.

GM's new Chevy Silverado bids for more U.S. pickup profits

Sat, 01/13/2018 - 10:24am
DETROIT (Reuters) - General Motors Co on Saturday will fire a new round in the battle for profits from one of the U.S. auto industry's most lucrative segments when it shows a new generation of its Chevrolet Silverado pickup truck at Detroit's auto show.

South African protesters ransack H&M stores over 'racist' ad

Sat, 01/13/2018 - 9:49am
JOHANNESBURG (Reuters) - Protesters angered by a "racist" H&M advertisement ransacked several of the Swedish fashion group's South African stores on Saturday.

Adidas targets U.S. market share of 15-20 percent: paper

Sat, 01/13/2018 - 8:34am
FRANKFURT (Reuters) - German sportswear maker Adidas wants to increase its U.S. market share to around 15-20 percent from levels that are now "significantly lower", its chief financial officer said.

Air France denies involvement in bid to take over Alitalia

Sat, 01/13/2018 - 7:26am
PARIS (Reuters) - Air France on Saturday denied that it had made an offer to buy the struggling airline Alitalia, a day after an Italian government minister said the French flag carrier had made a joint bid with budget airline EasyJet .

Wall Street hits new highs on earnings optimism, data

Sat, 01/13/2018 - 4:19am
(Reuters) - Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.

Indonesia central bank warns over cryptocurrencies

Sat, 01/13/2018 - 4:18am
JAKARTA (Reuters) - Indonesia's central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system.

Deutsche Bank CEO sees far fewer than 4,000 Brexit-related moves: paper

Sat, 01/13/2018 - 1:04am
DUESSELDORF (Reuters) - Deutsche Bank's chief executive expects to move far fewer than 4,000 jobs to Frankfurt following Britain's departure from the European Union, he told Swiss daily Neue Zuercher Zeitung.

Exclusive: Current and former Uber security staffers cast doubt on spying claims

Fri, 01/12/2018 - 8:24pm
SAN FRANCISCO (Reuters) - The former security chief of Uber Technologies Inc. [UBER.UL] swore in a closed legal proceeding that he knew of no attempts to steal trade secrets from anyone, including Alphabet Inc's self-driving unit Waymo, and would be "shocked" if that had occurred.

Facebook's Sandberg, Twitter's Dorsey to leave Disney board

Fri, 01/12/2018 - 7:20pm
LOS ANGELES (Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg and Twitter Inc Chief Executive Jack Dorsey will not seek re-election to Walt Disney Co's board because of conflicts of interest between the media giant and the technology companies, Disney said on Friday.

Ford to offer auto emergency braking on half its U.S. models in 2019

Fri, 01/12/2018 - 6:02pm
DETROIT (Reuters) - Ford Motor Co said on Friday it will offer automatic emergency braking on more than half its U.S. models in 2019, and that it is on track to equip all U.S. models with the device by 2022.