Author Archives: Reuters: Business News

PSA boss says Opel deal would find ‘speedy’ savings

PARIS (Reuters) - PSA Group's proposed acquisition of Opel would swiftly create savings and value from the General Motors European division's turnaround and complementary brands, the French carmaker's Chief Executive Carlos Tavares said on Thursday.

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Chemchina extends tender offer for Syngenta to April 28

ZURICH (Reuters) - China National Chemical Corporation (ChemChina) has extended until April 28 its $43 billion tender offer for Swiss pesticides and seeds group Syngenta , it said on Thursday.

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Olympics, smartphones push Twitter revenue up 30 percent in Brazil

SAO PAULO (Reuters) - Twitter Inc has found a bright spot in Brazil, Latin America's largest economy, even as weak advertising sales across the globe have punished the social network's stock in recent weeks.

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Ghosn cedes Nissan CEO role, to focus on alliance with Renault, Mitsubishi

TOKYO (Reuters) - Nissan Motor Co said Carlos Ghosn will step aside as CEO after leading the firm for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA and newly added Mitsubishi Motors ...

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Crude oil rises after report shows drop in stockpiles

TOKYO (Reuters) - Oil futures rose nearly 1 percent on Thursday after data released by an industry group showed a surprise decline in U.S. crude stocks as imports fell, lending support to the view that a global glut is ending.

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Mnuchin says dollar strength reflects confidence in U.S. economy: WSJ

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Wednesday praised the strong dollar as a reflection of confidence in the U.S. economy, telling The Wall Street Journal in an interview that it was "a good thing" in the long run.

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Tesla says Model 3 on track for volume production by September

SAN FRANCISCO (Reuters) - Tesla Inc said on Wednesday its mass-market Model 3 sedan was on track for volume production by September, encouraging investors who see the electric vehicle as the avenue to profitability for the young company.

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HP Inc reports 3.6 percent rise in quarterly revenue

(Reuters) - HP Inc , which houses the hardware business of former Hewlett-Packard Co, reported a 3.6 percent rise in quarterly revenue, largely helped by a stabilizing PC market.

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Prudential may hit Wells Fargo for account scandal costs-filing

(Reuters) - Prudential Financial Inc, the target of probes and lawsuits related to whether Wells Fargo & Co retail bankers improperly sold its insurance, may press the bank to cover costs it has run up because of the flap, according to a filing.

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Federal Reserve minutes point to rate hike ‘fairly soon’

WASHINGTON (Reuters) - Many Federal Reserve policymakers said it may be appropriate to raise interest rates again "fairly soon" should jobs and inflation data come in line with expectations, according to the minutes of the Fed's last policy meeting rel...

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Tesla down ahead of first quarterly report to include SolarCity

SAN FRANCISCO (Reuters) - Shares of Tesla were down almost 1 percent on Wednesday ahead of the electric car maker's first quarterly report following its $2.6 billion acquisition of solar panel installer SolarCity.

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Trump to seek jobs advice from firms that offshore U.S. work

WASHINGTON (Reuters) - President Donald Trump, who has vowed to stop U.S. manufacturing from disappearing overseas, will seek job-creation advice on Thursday from at least five companies that are laying off thousands of workers as they shift production...

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Peugeot sets sales and savings goals for Opel deal: sources

LONDON/FRANKFURT/PARIS (Reuters) - French carmaker PSA Group expects its planned acquisition of General Motors' Opel division to lead to combined sales of 5 million vehicles by 2022 and save as much as 2 billion euros ($2.1 billion) annually, sources...

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