international

Asia slips after Wall Street loses steam, dollar clings to gains

Global risk appetite, which has recovered rapidly from the Brexit shock late in June, received a sobering reminder after the International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1 percent, putting some distance between …

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Asia slips after Wall Street loses steam, dollar clings to gains

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Exxon CEO back at Russia shindig after hiatus over Ukraine: sources

By Denis Pinchuk MOSCOW (Reuters) – Exxon Mobil Chief Executive Rex Tillerson is to attend a major investment forum in Russia this week, two industry sources said, ending a two year absence from the event that began when sanctions were imposed on Russia over the crisis

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Exxon CEO back at Russia shindig after hiatus over Ukraine: sources

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Trump criticizes GM for Mexico investments

Republican presidential candidate Donald Trump rebuked General Motors Co on Tuesday, widening his criticism of American companies that have invested in Mexico. Trump has made criticism of Ford Motor Co a staple of his campaign speeches for more than a year, repeatedly suggesting that the…

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Trump criticizes GM for Mexico investments

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Valeant CEO cuts outlook for ‘distracted’ company, shares plunge

Valeant Pharmaceuticals International Inc slashed its 2016 forecasts on Tuesday, as its new chief executive said he would focus on rebuilding the reputation of a “distracted organization” with a debt-loaded balance sheet. The maker of toenail fungus cream Jublia and anti-depressant drug Wellbutrin, which has faced intense scrutiny for business and accounting practices, missed first-quarter profit estimates on weakness in its dermatology business.

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Valeant CEO cuts outlook for ‘distracted’ company, shares plunge

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Mitsubishi Motors says improper data may have been used for more models

By Naomi Tajitsu TOKYO (Reuters) – Mitsubishi Motors Corp said on Wednesday that improper data for mileage calculations might have been used for other models in addition to those it has already disclosed. On Wednesday, it said it suspected improper…

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Mitsubishi Motors says improper data may have been used for more models

international

Dollar dips from two-week high, stocks in the red

“And that is precisely what we are seeing today.” Financials were among the biggest losers in Europe, their 1.5 percent fall led by a 10 percent plunge in Austrian bank Raiffeisen Bank International after it said it will look into a possible merger with

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Dollar dips from two-week high, stocks in the red

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OPEC stands aloof of oil price regulation: Russian energy minister

MOSCOW (Reuters) – Decision-making within the OPEC has become more complicated and since 2008 the international oil cartel has taken no action to regulate the global oil market, Russian Energy Minister Alexander Novak said on Wednesday. Novak, in remarks at an energy forum, said he

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OPEC stands aloof of oil price regulation: Russian energy minister

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Japan’s pitch for FX action meets cool G20, U.S. response

By Leika Kihara WASHINGTON (Reuters) – Japan's efforts to seek informal consent to act against an unwelcome yen rise bore little fruit, with the United States offering a cool response to concerns voiced by Tokyo that the currency's gains are too sharp and may justify intervention. A lack of G20 sympathy for Tokyo's appeal may embolden yen bulls to test the currency's 17-month highs against the dollar hit earlier this month, keeping Japanese policymakers …

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Japan’s pitch for FX action meets cool G20, U.S. response

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United Airlines gate agents, baggage handlers approve new contract

United Continental Holdings Inc and its union said Saturday that workers voted in favor of contracts hiking the pay of some 30,000 baggage handlers, gate agents and other groups, a dramatic reversal from a year ago when the No.3 U.S. airline mulled outsourcing some of these jobs. The news marks a vote of confidence by…

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United Airlines gate agents, baggage handlers approve new contract

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Volkswagen increases discounts after emissions scandal: report

Volkswagen AG is offering bigger discounts in its home market to try to lure back customers after the automaker admitted using software to allow diesel vehicles to cheat emissions tests, a German trade magazine reported on Saturday. Germany's Automobilwoche said Volkswagen was trying to boost the used car trade by raising

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Volkswagen increases discounts after emissions scandal: report

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